Interra Realty was engaged to market 2414-24 W. Fargo Avenue for sale. The subject investment property is a 13 unit walk-up located in the West Ridge neighborhood on Chicago’s Northside.

The unit mix features a combination of one and two-bedroom layouts. With all of the one-bedroom layouts and 2 of the two-bedroom layouts still being in vintage condition, the buyer has the opportunity to modernize the remaining vintage units by updating finishes in kitchens and baths. There is also the ability to add to the bedroom count by reconfiguring some of the one-bedroom layouts to two bedrooms.

The seller was motivated to sell the property as a down leg in their 1031 exchange. The buyer was drawn to the property’s upside and was able to close in a timely manner, thus allowing for the seller to execute the 1031 exchange without any delays.