Interra Realty has been exclusively engaged to market 2501 N. Southport Avenue, Chicago, for sale. The subject investment property is an eight unit multifamily asset in the Lincoln Park Neighborhood. Lincoln Park is one of the city’s most affluent Chicago submarkets, and has historically strong rental demand and low transaction velocity.

The property was fully gut renovated in 2020, with all new building systems, envelope improvements, and modern apartment finishes. The single story building in the rear was a new construction addition. All apartments feature gas forced air furnaces with A/C condensers and in-unit laundry. There are also nine surface parking spaces in the rear of the property.

The unit mix is comprised of spacious two bed / one bath and three bed / two bathroom apartments.
A new investor has the rare opportunity to acquire a fully gut renovated multifamily asset in one of Chicago’s best neighborhoods. The property is being offered for sale free-and-clear of existing debt.

Learn more about this transaction here.