Property Overview

Interra Realty has exclusively been engaged to market 2611 West Augusta Boulevard for sale. The building, a seven (7) unit apartment building located in Chicago's East Humboldt Park Neighborhood. The unit mix is comprised of three (3) 2BD / 1BA units, three (3) 3BD / 1BA units, and one (1) non-conforming garden unit. Units feature individual hot-water heaters, individual HVAC units, separately metered gas, and separately metered electricity. Current ownership has completed many major capital improvements (outlined on page 5) including new porches, entry doors, and windows.

Each unit has moderately updated kitchens, bathrooms, and hardwood floors. Additionally, the building offers both in-unit and on-site laundry as well as individual storage lockers for tenants. The front apartments have in-unit laundry, while the rear units have laundry access in the basement. The offering presents a unique opportunity for new ownership to step into a cash-flowing investment with major rental upside in one of Chicago's most sought-after and appreciating neighborhoods.

Highlights

  • Strong In-Place Cash Flow With Immediate Upside
  • Individual HVAC & Hot-Water Heaters
  • In-Unit & On-Site Laundry and Tenant Storage
  • Ideal Unit Mix Consisting of 2 & 3-Bedroom Units

Key Details

TRANSACTION DATE
2022
NUMBER OF UNITS
6 + 1 Non-Conforming
BUILDING SIZE
6,066 SF
LOT SIZE
3,937 SF
SUBMARKET
East Humboldt Park