Interra Realty has been exclusively engaged to present for sale 5300 W. Division St. The subject property is a 25-unit mixed-use asset in Chicago's historic Austin neighborhood.
The property offers an attractive unit mix of (12) Studios, (12) 2 BD/1 BA and (1) storefront retail. Ownership has made significant improvements by updating 15/24 apartments with new flooring, kitchens, and baths. Additional upgrades have been focused on common areas and the roof.
A new investor has the opportunity to acquire a recently renovated, repositioned asset with the ability to continue to drive rents through the updating of the remaining 9 units.
- Desirable Unit Mix: (12) Studios/(12) 2 BD/1 BA & (1) Store front retail
- 15/24 units have been rehabbed and updated with new kitchens and baths.
- Upgrades to common areas and roof.
- Located off main commercial thoroughfare.