Property Overview

Interra Realty has been exclusively engaged to market 2043-2045 W. Arthur Ave. which is an 8-unit multi-family building in the West Ridge neighborhood of Chicago, IL. The unit mix is comprised of (6) 3Bdr/2Ba, (1) 3Bdr/2Ba-G, and (1) 2Bdr/2Ba-G units. The building presents a qualified investor the opportunity to increase rents to current market value and monetize the eight (8) parking spaces at the property.

The building was a full gut renovation in 2012 and features (2) 3-car garages and (2) exterior parking spaces.

The units feature hardwood floors, granite countertops, stainless steel appliances, cherry cabinets, individual furnaces with A/C, rear wood porches and 100 electrical amps to each unit.

The property is walking distance to the Devon & Hoyne CTA Bus Station, the Robert A. Black Golf Course and Loyola University Hoyne Fields.

Key Details

TRANSACTION DATE
2022
BUILDING SIZE
12,450 SF
NUMBER OF UNITS
8
PRO FORMA CAP RATE
6.99%
YEAR BUILT
1924
RENOVATED
2012