260 Unit South Side Portfolio (South Shore, Marquette Park, Auburn Gresham)
Interra Realty has been exclusively engaged to market a Ten (10) property, 260 unit multifamily portfolio in Chicago’s South Shore and Marquette Park neighborhoods. All of the properties have experienced recent capital improvements including in unit upgrades, main building systems, roof and porches. Some of the buildings feature on-site laundry facilities and parking. The attractive and diverse unit mix is comprised of ground ﬂoor retail, studio, one, two and three bedroom apartments.
The properties have been very well maintained and professionally managed allowing a new owner to acquire a sizable portfolio with strong in place cash ﬂow, while also presenting a value-add opportunity via continued unit modernization in order to achieve proven higher rent levels.
The portfolio offers new investors the opportunity to realize immediate economies of scale in Chicago Submarkets that offer higher returns than other urban and suburban locations, with neighborhood drivers that position the buildings as candidates for appreciation and future rent growth.
- Rare Opportunity to Acquire Large Portfolio Offering Immediate Economies of Scale
- Well Maintained & Professionally Managed with Value-Add Potential
- Many Recent Capital Improvements
- Desirable Submarkets Offering Attractive Returns and Positioned for Appreciation and Rent Growth
140 - 1 BR/1BA
75 - 2BR/1BA
8 - 3BR/1BA
6 - Commercial Spaces