Property Overview

Interra Realty has been exclusively engaged to market 2252 N. Cleveland for sale. The subject investment property is a walkup style multifamily asset in the in the Lincoln Park neighborhood of Chicago, IL. Interra Realty has been exclusively engaged to market 2252 N. Cleveland for sale. The subject investment property is a walkup style multifamily asset in the in the Lincoln Park neighborhood of Chicago, IL.

The unit mix is comprised of (3) 1Bdr/1Ba, (2) 2Bdr/1Ba and (1) 2Bdr/2Ba layouts. The building went thru an extensive rehab three years ago. Two of the six units could benefit from a modest rehab, so they are brought to the same quality as the other four units. The building features a complete tear off roof with rubber insulation three years ago, copper plumbing with two (2) galvanized risers, 100-gallon hot water tank, new electric with permits, 400 electrical amps to the building, 3 storage rooms, new hallway carpet, roof top deck above the garage, a two (2) car garage, two (2) washers and two (2) dryers – owned. The units include hardwood floors, exposed brick, individual furnaces with A/C, unit 1R has in-unit laundry, a mix of stainless and standard appliances.

The property is within walking distance to the Clark & Belden CTA Bus Station, Lincoln Park and Lake Michigan.

Highlights

  • Rarely Available Six (6) Unit Multifamily Building in Lincoln Park
  • Unit Mix: (3) 1Bdr/1Ba, (2) 2Bdr/1Ba & (1) 2Bdr/2Ba Layouts
  • Ability to further rehab two (2) units to bring them to same quality as other four (4)
  • Two (2) Car Parking Garage Yielding Additional Income
  • Attractive In-Place Financing that can be Assumed: 3.8% Interest Rate

Key Details

TRANSACTION DATE
2022
NUMBER OF UNITS
6
BUILDING SIZE
7,000 SF
LOT SIZE
2,852 SF
SUBMARKET
Lincoln Park