Property Overview
Interra Realty has been exclusively engaged to market 2021 W. McLean Avenue, Chicago, for sale. The subject property is a seven unit, walk-up style apartment building located in Chicago's Bucktown Neighborhood. The property consists of one and two-bedroom units. There is an additional non-conforming unit in the attic. The building sits on an attractive, wide lot on a premier Bucktown block.
The apartments have a mix of finish levels. All but one apartment features individual HVAC, and the majority of the apartments feature in-unit laundry and dishwashers. A new investor may look to further modernize apartment finishes to push rent levels.
Investors have a unique opportunity to step in to an income-producing asset that has a strong future upside through renovation in one of the city's most popular submarkets.
Highlights
- Dynamic Bucktown Location
- Rare, Wide Lot Offers Common Outdoor Space for Residents
- Attractive and Diverse Unit Mix
- Potential to Push Rents Through Unit Modernization