Interra Realty has been exclusively engaged to market for sale 2651 W. 65th St. The asset has been pridefully maintained over the 20+ year course of ownership. The subject property is an eight (8) unit multifamily walkup property located in the Marquette Park neighborhood of Chicago's South Side.
The property features a diverse unit mix of a Six (6) 1BD/1BA Units and Two (2) 2BD/1BA Units. Capital improvements include recently rebuilt parapet walls, a new waterproof membrane, and rebuilt concrete sidewalks. The property features an additional ninth non-conforming unit that generates additional income.
A new investor is presented with the opportunity to acquire a well maintained asset in a strong South Side rental market. A new investor can capitalize on strong in place occupancy while also realizing greater returns by improving units and increasing rents as they become vacant.
- Pridefully Maintained Asset | 20+ Years of Ownership
- Diverse Unit Mix of 1BD/1BA and 2BD/1BA Units
- Rebuilt Parapet Walls, Upgraded Masonry Work, New Rear Sidewalks, New Waterproof Membrane
- Under Market Rents | Value Add Potential