Property Overview
Interra Realty has been exclusively engaged to market for sale the Harlem Towers located at 2300-10 North Harlem Avenue in Elmwood Park, IL.
The property consists of two mid-rise towers totaling eighty-three (83) units, with a below-grade parking garage, street-level covered parking, and a desirable unit mix of 1-bed/1-bath, 2-bed/1-bath, 2-bed/2-bath, and 3-bed/2-bath layouts. Current ownership has converted fifteen (15) units in the 2310
building to 2-bed/2-bath floorplans, with twelve (12) additional units available for conversion. Recent capital improvements include both elevators being upgraded, a new drainage system, reduced pressure zone (RPZ) valve installation, new fire/sprinkler alarm and elevator monitoring systems, common area
upgrades, among other building enhancements.
This offering presents an opportunity to acquire a well-located, value-add multifamily asset in a supply-constrained suburban submarket.
Highlights
- Two, Eight-Story Towers with Two Elevators
- Flexicore Construction with Exterior & Garage Parking
- Opportunity to Continue Value-Add Strategy
- Desirable Unit Mix, Predominantly 2 Bedroom
- Several Recent Capital Improvements at Property
- Walking Distance to Mont Clare Metra Train Station