Property Overview
Interra Realty has been exclusively engaged to present for sale a 3 building/18 unit portfolio in Chicago's Englewood neighborhood. All 3 properties have been extensively renovated with updated mechanicals, modern finishes, and spacious and desirable floor plans. The unit mix features 2, 3, and 4 bedroom
layouts with individual furnaces and water tanks throughout. The properties are being offered for sale individually or as a package.
All 3 properties are within close proximity of each other allowing for operational efficiencies. The portfolio is currently being professionally managed and all 3 properties have been well maintained. A qualified investor has the opportunity to acquire a turn-key, stabilized, cash-flowing portfolio achieving double-digit CAP rate returns on day 1 with the ability to continue to drive NOI through leasing and management.
Highlights
- 3 Property/18 Unit Portfolio Offered as a Package or Individually
- Highly Desirable Unit Mix: 2, 3, and 4 BD Layouts
- All 3 Properties Gut Renovated with Updated Electric and Plumbing
- Individual Furnaces and Water Tanks Throughout
- Modern Updates in Kitchens and Baths
- Strong In-Place Rents/Double-digit CAP Rate Returns