5045-49 N. Northwest Highway

Property Overview

Interra Realty has been exclusively engaged to market 5045-49 N. Northwest Highway, Chicago, for sale. The subject investment property is a 2008 construction multifamily asset in the Jefferson Park Neighborhood of Chicago’s northwest side. The property is on a quiet street, immediately across the from the Jefferson Park Metra Train Station.

The property consists of all spacious, 2 bed / 2 bath apartments. All units feature in-unit laundry, private outdoor space, and individual HVAC and hot water heaters. All units have a parking space, which is currently included in rent levels.

The units are rented for rates well below market levels, presenting a new investor with significant operational upside.

Highlights

  • Jefferson Park Neighborhood
  • Very Spacious Two Bed / Two Bath Units
  • 1:1 Parking Ratio
  • Adjacent to Metra Train
  • In-Unit Laundry and Individual HVAC and Hot Water Heaters

Key Details

Sales Price
$2,820,000
Number of Units
Twelve (12)
Submarket
Jefferson Park
Unit Mix
Two Bedroom/Two Bathroom
Parking
1:1 Parking Ratio