Interra Realty has been exclusively engaged to market 3051-55 W. Leland Avenue, Chicago, for sale. The subject investment property is a corridor style, multifamily asset on the border of the Ravenswood Manor and East Albany Park Neighborhoods of Chicago's northside. The offering also includes the adjacent lot, which has a separate PIN, that includes garage parking and an inviting courtyard for the residents.

The property offers significant value-add potential via renovation and reconfiguration of units, which are in vintage condition. The first level space offers abundant raw storage space, which would be ripe for the addition of amenities. Additionally, a buyer may look to develop, add amenities, or add parking to the adjacent lot. The Tudor style property has attractive curb appeal and the building envelope has been well-maintained.

The Seller is working with existing tenants to vacate the building by May 1, 2022, which would present a buyer with a blank canvas redevelopment opportunity.