Property Overview

Interra Realty has been exclusively engaged to market, The Synagogue, located at 5029 Kenmore in the Uptown Neighborhood of Chicago's Northside. This historic, re-adaptive use, fully renovated boutique 40-unit multifamily asset is situated only blocks away from the lakefront, walking distance to the many historic neighborhood theatres, access to the CTA redline and Lake Shore Drive, and in-close proximate to Montrose Beach.

The property offers a unit mix comprised of eight (8) studio apartments and thirty-two (32) one bedroom apartments. The luxurious units have been fully renovated with high-end appliances and finishes, while maintaining the historic details that make The Synagogue, as one of the premier vintage asset in Uptown. The in-unit finishes consist of concrete flooring, custom kitchen cabinetry, stainless steel appliances, black and brushed hardware, quartz countertop and subway tile backsplash.

The building amenities include: lobby and dedicated lounge seating, bike storage, Wi-Fi, gated parking, and in-unit laundry.

This asset gives investors the rare opportunity to acquire a best-in-class, boutique multifamily asset in a strong and improving Chicago neighborhood.

Learn more about this transaction here.

Highlights

  • Newly Developed Re-adapted Historic Property with High Construction Standards
  • Market Leading Apartment Finishes
  • Strong Uptown Locations Positioned for Long-Term Growth
  • Walking Distance from Public Transit, Numerous Retailers and Lake Michigan

Key Details

Transaction Date
2024
Number of Units
Forty (40) Total units
Submarket
Uptown
Cap Rate
5.75%