The subject investment property (the "Property") is a thirteen (13) unit building located at 4901 N St Louis Ave in the Albany Park neighborhood of Chicago's Northwest Side.

The unit mix consists of six (6) 1BR/1BAs and seven (7) 2BR/1BAs. Five of the units feature kitchens with stainless steel appliances and high-quality custom cabinetry. The remaining units vary in their condition; most have white vintage appliances and do not contain dishwashers.

The Property sits on a wide double lot (125 x 60) at the corner of W Ainslie Ave. There are excellent transit options within short walking distance, including the Kimball Brown Line three blocks away. There is also a bus stop two blocks east at the corner of Ainslie and Kimball which serves the 82 & 93 lines.

The Property is impeccably maintained and has benefited from significant recent capital expenditures; most notably the installation of a Weil-Mclain LGB-10 boiler. Additionally, there are income-generating laundry machines in the basement of the building.

A prospective investor can increase rents to market rate with minimal work required. For a value-add focused buyer seeking more yield, there's an opportunity to
achieve significant premiums in rents through the modernization of units, such as the installation of in-unit laundry. The Property is owned free and clear.