Property Overview
Interra Realty has been exclusively engaged to market the attached opportunity for sale. The attached subject opportunity is a seven-unit apartment building in Chicago's Ukrainian Village neighborhood. The building was completely gut-rehabbed down to the studs in 2016. The apartments themselves feature newer kitchens, newer bathrooms, and newer floors. Additionally, the units feature individual HVAC units. The building has also received a new roof, new plumbing, new electricity, and extensive tuckpointing in 2016.
The attached subject asset allows for new ownership to step into a well-located income-producing asset that will only continue to appreciate over time. Additionally, it allows for new ownership to take advantage of a rent roll with a high loss to lease, and by leveling out rents across other units in the building, increase the monthly rent roll.
Highlights
- Stabilized Opportunity in Ukrainian Village
- Completely Gut Rehabbed in 2016
- Opportunity to Increase Rent Roll Immediately
- Individual HVAC Units & On-Site Laundry