3501 N. PINE GROVE AVE.

Property Overview

Interra Realty has been exclusively engaged to market 3501 N. Pine Grove Avenue for sale. The offering is a vintage walk-up multifamily property in a prime East Lakeview location. The property is being offered free-and-clear of the existing debt.

All apartments have been modernized with stone countertops and stainless steel appliances. The units could be upgraded further to achieve higher rent levels. The units also have individual gas forced air furnaces with A/C condensers.

Highlights

  • Rarely Available East Lakeview Apartment Building
  • Steps from Lake, Numerous Retail Amenities and Multiple Public Transit Options
  • Spacious Layouts with Two to Four Bedrooms
  • Modernized Apartments with Individual HVAC
  • Significant Value-Add Opportunity: Zoning Approved to Add 5 Units

Key Details

ASKING PRICE
$6,000,000
NUMBER OF UNITS
16
BUILDING SIZE
22,850 SF
CAP RATE
5.1%