Property Overview

Interra Realty has been exclusively engaged to market the attached property for sale. The attached subject property is a four-unit multifamily asset in Chicago's Lincoln Park Neighborhood. The property consists of one two-bedroom one-bathroom apartment and three four-bedroom two-bathroom apartment units. Each unit has been rehabbed with updated floors, new kitchens that feature dishwashers, quartz countertops, and stainless steel appliances. Each unit has individual HVAC units and individual hot-water tanks as well.

The asset sits in Chicago's Lincoln Park Neighborhood. Perhaps the most stable neighborhood in Chicago for years, Lincoln Park offers an immense amount of interest from tenants of all different demographics. The property is steps from Lake Michigan as well as high-end retail, restaurants, schools, and easy access to public transportation.

The attached subject property is a strong income-generating opportunity that will only continue to increase in value over time.

Highlights

  • Dynamic Lincoln Park Location
  • Strong Unit Mix Consisting of Two and Four-Bedroom Units
  • Individual HVAC & Hot-Water Heaters
  • Major Upside in Rent Roll

Key Details

Transaction Date
2022
NUMBER OF UNITS
Four (4)
SUBMARKET
Lincoln Park
CAP RATE
6.24%