under_contract

5029 N. Kenmore Ave.

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.

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

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