Property Overview

Interra Realty has been exclusively engaged to market 3060 W. Armitage, a 13-unit newer construction mixed-use property located in the highly desirable neighborhood of Logan Square. Delivered in 2012, the subject building is comprised of: (3) 1Bdr/1Ba, (3) 2Bdr/1Ba, (6) 2Bdr/2Ba, and (1) Commercial Unit that are fully rented.

Residential units were built to condo-quality and include stainless steel appliances, granite countertops, spacious layouts, and exterior steel balconies. The apartments are heated and cooled by tenant-paid, gas forced air furnaces with A/C condensers, and all units have in-unit laundry. There are nine (9) parking spaces: (6) indoor and (3) outdoor which bring in additional income. Currently, parking is included in the monthly rental amount.

The property has been well-maintained and managed, but there is further upside in increasing rent levels to bolster returns.

Highlights

  • Rarely Available Logan Square Property
  • Brand New Construction; Built in 2012
  • Condo-Quality Units: (3) 1Bdr, (9) 2Bdr, and (1) Commercial Unit
  • 9 Parking Spaces which Provide Additional Income
  • All Units have Individual Heat/Air & In-Unit Laundry

Key Details

Transaction Date
2024
Number of Units
Thirteen (13)
Submarket
Logan Square