Interra Realty has been exclusively engaged to bring to market 5525 N Winthrop Ave, an 80-unit multifamily property located in the sought-after Edgewater neighborhood of Chicago. This recently de-converted condominium building is situated just one block from the Bryn Mawr CTA, the property provides unparalleled access to public transit and is within a few blocks of Lake Michigan, Foster Beach, and Kathy Osterman Beach. The property also features 54 parking spaces, a rate and highly desirable amenity in this dense urban area.

In 2019, the property underwent extensive renovations, including a full building envelope upgrade, new boiler installation, roof replacement and updates to common areas and elevator controls. All units have been refreshed with two units fully renovated, and air conditional window sleeves replaced as needed. Each unit offers in-unit laundry hooks up, providing tenants the options to opt in to laundry rental in-unit, and a common laundry room on the main level. Additional amenities include a package room and on-site managers office, enhancing tenant convenience and operational efficiency.

Highly desirable financing option: a 2.25% fixed interest rate with an outstanding loan balance of $9.85M, fully assumable and with a generous term extending through 2055.