3631-41 W. Dickens Ave.

Property Overview

Interra Realty has been exclusively engaged to market 3631-41 W. Dickens Avenue “The Dickens Courtyard” for sale. The subject investment property is a 34 unit multifamily asset in the Logan Square Neighborhood of northwest Chicago.

The building envelope and systems have been substantially improved in recent years. The property features aluminum windows, all copper plumbing, and 2000 AMP electric service. Units finishes have been improved and apartments are tenant-heated by electric baseboard heaters. The property features several rare amenities for a property of this size, including; 10 car surface parking lot, renovated laundry facility, fitness center, and common courtyard seating.

Investors have the rare opportunity to acquire a courtyard multifamily asset in one of Chicago’s hottest submarkets. The property has been professionally maintained and managed, but it is a geographic outlier for ownership. As such, a new investor who focuses in Logan Square should realize upside in rent levels.

Highlights

  • Rare Opportunity to Acquire Courtyard Asset in Logan Square
  • Substantially Improved Building Systems and Envelope
  • Renovated Apartments with Tenant-Paid Heat
  • Fitness Center, On-Site Laundry, and Parking Lot
  • Operational Upside Potential for New Investor

Key Details

Sale Price
$9,000,000
Submarket
Logan Square
Number of Units
Thirty-Four (34)