Property Overview
Interra Realty has been exclusively engaged to market the attached opportunity for sale. The attached subject opportunity is a six-unit building in the heart of Chicago's Lincoln Park Neighborhood. Five units are conforming and the unit mix consists of one three-bedroom one-bathroom apartment and four two-bedroom one-bathroom apartments. Additionally, there is a sixth apartment that is a non-conforming garden unit that is one-bedroom and one-bathroom.
The apartments all feature hardwood flooring, individual furnaces and air-conditioning. Additionally, most units also feature dishwashers and unit 1F has in-unit washer and dryer. There are additional washer and dryers in the basement for common use as well. The units all have comparable finishes levels throughout. The attached subject property allows for a new owner to step into an extremely popular submarket with the ability to increase rents immediately and significantly increase the return on investment over time.
Highlights
- Dynamic Lincoln Park Location
- Immediate Upside in Rent Roll
- Strong Unit Mix Consisting of one, two, and three bedroom
apartments - Individual furnaces and air-conditioning throughout
- Garage Parking & Parking Pad On-Site