Interra Realty has been exclusively engaged to market 202-222 North Salem Avenue in Arlington Heights for sale. The subject investment property is a 3 story condominium building in the Village of Arlington Heights. Currently one entity owns 13 of 34 units in the complex with approximately 40% controlling interest. The property is being offered for sale as a whole via condominium deconversion, pending approval by 75% of the ownership.

The unit mix consists of 30 one-bedroom and 4 two-bedroom units. The property was converted to condominiums in 2006. The units are heated by a common hot water boiler and cooled by wall air conditioning units. Common elements include laundry, one storage locker per unit, a bike room and off -street parking. The property is ideally situated close to public transportation, parks and a short walk to downtown Arlington Heights.

An investor has the rare opportunity to acquire the entire property and add value by branding the property as a true rental community.

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