Interra Realty has been exclusively engaged to bring to market 2258 W 35th Street, Chicago, for sale. The subject investment property is a twelve (12) unit multifamily property in the McKinley Park Neighborhood. The property presents investors with a rarely available size multifamily asset in a desirable, low-density submarket.
The attractive unit mix features spacious one and two-bedroom apartments. Seven (7) of the twelve (12) apartments have experienced recently renovated kitchens and bathrooms. Five (5) of these seven (7) renovated units feature dishwashers. The remaining five (5) units are in solid rental shape, but a new investor may elect to upgrade these units to get on par with the others and increase rents to market rent.
Recent capital improvements include; tuckpointing, roof maintenance with new downspouts, new landscaping, added R&D system to the hot water heating system, improved laundry room, and repaired outdoor surface parking lot, which accommodates eight cars. The building also offers a large yard for tenant use and an on-site laundry room with building-owned equipment.
- Rarely Available Size in Bridgeport / McKinley Park
- Attractive Mix of Spacious One and Two Bedroom Apartments
- 8 Surface Parking Spaces
- Seven Updated Units and Five Units with Value-Add Upside
- Well-Maintained with Recent Capital Improvements
- Upside in Rent Levels As-Is or Through Modernization