Property Overview

Interra Realty has been exclusively engaged to bring to market 2104 S. Washtenaw Avenue, a seven (7) unit multifamily building located in the West Pilsen neighborhood. The property is located just one block from Chicago's largest craft brewery, Lagunitas, and just two blocks from the California Pink Line CTA, Cinespace, and Douglas Park.

All units were completely renovated in 2014 and feature new kitchens and baths with stainless steel appliances, central heat, and hardwood floors throughout. Capital improvements include all new electrical, plumbing, windows, and a new water main. The coach house unit has central HVAC and in-unit washer and dryer while the main building has a shared laundry room.

This building boasts high quality units with major upside in increasing rents to market rate and potential future modernization.

Highlights

  • Seven (7) Unit Multifamily Property in Popular West Pilsen Neighborhood
  • Value-Add Upside
  • Completely Rehabbed Building in 2014
  • Newer Plumbing, Electrical, Furnaces, and Windows

Key Details

Asking Price
$1,200,000
Number of Units
7
Building Size
6,859 SF
Proforma Cap Rate
7.6%