Property Overview
Interra Realty is pleased to bring to market a turnkey 9-unit mixed-use property that underwent a full gut renovation in 2017, including all new electric, plumbing, HVAC, roof, windows, hot water heaters, and water main. This down-to-the-studs renovation features high-end residential units with spacious layouts, individual HVAC and hot water systems, and access to an on-site laundry room—offering modern comfort and minimal deferred maintenance for new ownership.
A compelling feature of this offering is the assumable Chase loan with an attractive 3.62% interest rate, approximately $1.375M in remaining balance, and term through March 2027—providing a unique financing advantage in today’s rising rate environment. This property offers a strong mix of stabilized income, quality improvements, and upside through continued long-term appreciation, making it an ideal opportunity for both seasoned investors and 1031 exchange buyers.
Highlights
- Nine (9) Unit Mixed Use Asset in Popular Pilsen Neighborhood
- High End Units with Large Layouts
- Individual HVAC & HW Heaters, Laundry Room On-Site
- Newer Roof, Electric, Plumbing, HVAC, Windows, HW Heaters and Water
Main (2017) - Assumable Debt Option Via Chase: 3.62% Interest Rate, $1,375,000 Loan
Balance, Matures March 2027