5101 NORTH EAST RIVER ROAD, SECTION 3

Property Overview

Interra Realty has been exclusively engaged to market for sale the multifamily asset located at 5101 N East River Road in Chicago, Illinois. The subject investment opportunity consists of (12) apartments with off street parking and common laundry in the O'Hare submarket. The property is located within a
master association with monthly fees covering water/sewer, trash, landscaping and snow removal.

The unit mix comprises (1) studio and (11) one bed / one bath units. All of the units have been renovated by current ownership except one (1) apartment, which was renovated by past ownership. In addition to unit renovations, current ownership has completed many building capital improvements including a
new tear off roof, new balconies in front and reinforced balconies in the rear, new windows and sliding doors throughout, new lintels, new plumbing connections, new electric panels, and new hot water heaters. The building leases common laundry units and has surface parking spaces. Additionally, the
units are heated via electric baseboard heat and cooled with individual A/C units.

Highlights

  • High Demand Rental Market
  • Turnkey Property with Renovated Units
  • Surface Parking & Common Laundry
  • Excellent Condition with Many Recent Building Improvements

Key Details

Sale Price
$2,100,000
Submarket
O'Hare
Number of Units
Twelve (12)