Property Overview
Interra Realty has been exclusively engaged to market 3748-54 W. School Street, Chicago, for sale. The subject investment property is a 12 unit multifamily building in the Avondale Neighborhood.
During the rehab of the property in 2007, the building's plumbing and electrical were all replaced. The units have gas forced air furnaces and central air conditioning. The porches were replaced with steel porches.
The unit mix consists of; 4 - 2 bed / 1 bath apartments, 3 - 3 bed / 1 bath apartments, 2 - 3 bed / 2 bath apartments and 3 - 4 bed / 3 bath duplexes. All units feature granite countertops, stainless steel appliances, and in-unit laundry equipment.
The current rent levels are well below market levels, providing significant upside in cash flow for a new investor.
Highlights
- Gut Rehabbed in 2007
- Condo Quality Finishes Throughout
- Newer Plumbing, Electrical Service, Steel Porches, and Rubber Roof
- Individual HVAC and In-Unit Laundry
- Walking Distance to Blue Line Train