Property Overview

Interra Realty has been exclusively engaged to market 4153-57 W School Street, Chicago for sale. The subject investment property is a 9-unit with off -streetparking in the Kilbourn Park neighborhood.

The unit mix is comprised of one (1) studio and eight (8) one bedroom units. Five of nine units have seen kitchen and bath renovations. The units are heatedvia radiant heating on the fi rst fl oor, baseboard heating on the 2nd/3d fl oors, and cooled via individual wall A/C units. There are 8 storage lockers, a laundryroom with landlord owned machines, parking for six (6) cars on a surface lot plus a two (2) car garage. Recent capital improvements consist of a new boilerand hot water heater in 2016, garage roof replacement in 2019, new cement sidewalks in 2020, drain tile system in 2020 and spot tuck pointing in 2021.

A new investor has the opportunity to acquire a property for the fi rst time in 52 years and realize considerable rental upside in current condition.

Highlights

  • First Time For Sale in 52 Years
  • Long-Term Ownership & Well-Maintained Property
  • Five Units with Renovated Kitchens & Baths
  • Surface Parking for 6 Cars + 2 Car Garage
  • Ability to Raise Rents As-Is
  • Well-located Near Metra

Key Details

Transaction Date
2024
Number of Units
Nine (9)
Submarket
Kilbourn Park