Property Overview

Interra Realty has been exclusively engaged to market 2722 W. Logan Boulevard, Chicago, for sale. The subject investment property is a rarely available, 11 unit multifamily asset in a prime location of one of Chicago's most popular neighborhoods.

The unit mix is comprised of primarily spacious two bedroom apartments. All units were recently modernized with finishes that are on-trend, while maintaining the units' vintage characteristics. The apartments are heated and cooled by tenant-paid, gas forced air furnaces with A/C condensers. The
building offers on-site, building-owned laundry equipment and a convenient bike storage room.

The property has been well-maintained and is professionally managed, but there is upside remaining in rent levels. The property is being offered for sale with attractive, assumable Chase financing that is fixed at 3.7% until 2027. The combination of the in-place financing and rental upside makes for a healthy
cash on cash return in an irreplaceable Chicago location.

Highlights

  • Rarely Available Asset on Logan Boulevard
  • High-Curb Appeal Corner Building
  • Renovated Apartments with Trendy and Timeless Finishes
  • Individual HVAC
  • On-Site Laundry and Bike Storage

Key Details

Sale Price
$3,350,000
Number of Units
Eleven (11)
Submarket
Logan Square