Property Overview

Interra Realty has been exclusively engaged to market 1744 W. Albion Avenue, a 20 unit multifamily courtyard building in the East Rogers Park neighborhood of Chicago, IL. The unit mix is comprised of six (6) two-bedroom and fourteen (14) three-bedroom units. Approximately fourteen (14) of the twenty (20) units have been rehabbed with new flooring, kitchens, and baths.

Additionally, many major capital improvements have been made including new windows, a new boiler, 75% new tear-off roof, spot tuckpointing, and new security and sprinkler system.

The offering presents qualified investors the opportunity to acquire a well-maintained and improved apartment building, with the ability to renovate the remaining units and increase cash flow.

Highlights

  • 20 Unit Courtyard Building in East Rogers Park
  • Attractive Unit Mix of Two and Three Bedroom Units
  • Opportunity to Increase Rents By Renovating Remaining Units
  • Well-Maintained and Improved Property

Key Details

BUILDING SIZE
17,250 SF
LOT SIZE
11,250 SF
NUMBER OF UNITS
20
PRCE PSF
$173.91
CAP RATE
5.21%
SUBMARKET
East Rogers Park