Property Overview

Interra Realty has been exclusively engaged to bring to market 1924 S Throop St, a rarely available fourteen (14) unit multifamily property in the highly popular Pilsen neighborhood. Located at the corner of 19th and Throop, this asset is ideally located in the neighborhood offering investors multiple value-add propositions via in unit renovations. Just steps from 18th St, Thalia Hall, and the 18th St CTA station, the building boasts a walkscore of 96, labeling it a "Walker's Paradise!"

The building features a mix of one (1) studio apartment, twelve (12) one-bedroom, one-bath units, and one (1) two-bedroom, one-bath unit. Over the years there have been a multitude of in-unit updates and capital expenditures. There has been a mix of unit updates throughout the years with three units (#9, #11, #14), four units with updated bathrooms (#2, #4, #7, #14), and two units with in-unit washer and dryer (#2, #14). Unit 14 is the most updated having newer kitchen, central HVAC, and in-unitWasher and Dryer. Unit #15 (first floor rear) was renovated into a duplex loft-style one-bedroom about 10 years ago. All units feature in-unit furnaces with the building having windows redone around 10-15 years ago, newer electric service (1200 AMPS), and recent Capex including two new commercial aluminum doors installed, interior hallways painted, and interior and exterior LED lighting updates.

Learn more about this transaction here.

Highlights

  • Fourteen (14) Unit Multi-Family Asset in Desirable Pilsen Neighborhood
  • Mix of Renovation Work Throughout the Years
  • Units with Updates Kitchens, Granite C-tops – #9, #11, #14
  • Units with Updated Bathrooms (tile, vanity, fixtures) – #2, #4, #7, #14
  • Units with W/D In-Unit – #2 and #14
  • Newer Windows ~15 Years – Updated Electrical Service 1200 AMPS
  • Recent Updates Include New Exterior Doors, Hallway Painting, and Lighting

Key Details

Sale Price
$1,900,000
Number of Units
Fourteen (14)
Submarket
Pilsen