Property Overview
Interra Realty has been exclusively engaged to market 2105 W. Caton in Chicago, for sale. The subject investment property is a nine (9) unit, brand new construction asset in Chicago's Bucktown neighborhood. Delivered in 2023, the unit mix is comprised of luxurious 2Bdr/2Ba and 3Bdr/2Ba Duplexes situated over one street level commercial space (leased to a Pilates studio). Both duplex units are penthouses that each have their own private rooftop deck with impressive city views. The units boast market leading finishes including Kinzini cabinetry, stainless steel appliances, quartz countertops, in-unit laundry, and individual HVAC. There are also 8 heated garage parking spaces on the ground floor, a rare and valuable amenity in the Bucktown Submarket. Currently, parking is included within the monthly rent. Boutique properties are scarce in Bucktown and trade infrequently. There is attractive assumable debt in place: 5.84% Interest Rate with Loan Maturity in January, 2032 (70% LTV at List Price). The building is perfectly situated in walking distance to all of the bustling shops and businesses on Milwaukee and Damen as well as being close to the 606 Trail and the Damen Blue Line 'L' Stop.
Highlights
- Irreplaceable Bucktown Location
- High-End Condo-Quality Units: (6) 2Bdr/2Ba, (2) 3Bdr/2Ba-Duplex, and (1) Commercial
Space - Additional Upside in Rents; Parking Currently Included within Monthly Rent
- Heated Garage Parking–8 Spaces
- Attractive Assumable Debt: 5.84% Interest Rate; Maturity: January, 2032 (~70% LTV at List
Price)