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

Key Details

Sale Price
$1,550,000
Number of Units
Seven (7)
Submarket
Ukrainian Village