Property Overview

Interra Realty has been exclusively engaged to market the attached property for sale. The attached subject opportunity is a five-unit apartment building in Chicago's Lincoln Park Neighborhood. The building consists of two two-bedroom, one-bathroom units, two three-bedroom, two-bathroom units, and one four-bedroom, two-bathroom apartment. Each unit has been rehabbed with individual HVAC units, individual hot-water heaters, and in-unit laundry. The units all feature new kitchens with stainless steel appliances and updated bathrooms as well.

The property sits on a quiet block in perhaps Chicago's most popular neighborhood, Lincoln Park. Lincoln Park features some of Chicago's most popular dining and retail. The building is also steps from parks and Chicago's Armitage CTA stop. The attached subject property is situated in one of the best parts the city has to offer.

The attached subject opportunity presents itself for a new investor to step into an income-producing asset that will only continue to appreciate overtime in one of Chicago's best submarkets.

Highlights

  • Dynamic Lincoln Park Locations
  • Individual HVAC Units and Hot-water Heaters
  • Large, Open Floorplan
  • Steps from Public Transportation

Key Details

NUMBER OF UNITS
Five (5)
SUBMARKET
Lincoln Park
CAP RATE
6.17%
Sale Price
$1,885,000
Transaction Date
2022