Property Overview
Interra Realty has been exclusively engaged to market 5701-03 S. Emerald Ave for sale. Located in Chicago's historic Englewood neighborhood. The subject property is a 12-unit asset featuring all spacious 2 BD/1 BA layouts.
Current ownership has made cosmetic upgrades throughout. All units feature gas-forced air furnaces. The building was outfitted with a new hot water tank in 2016. Extensive tuckpointing was done in 2023.
A new investor has the opportunity to acquire a pridefully maintained, turn-key asset with significant upside in rental rates through leasing and management.
Highlights
- Desirable Unit Mix: All 2 BD/1 BA layouts
- Cosmetic improvements made to kitchens and baths throughout.
- Gas-forced air furnaces in every unit.
- Pridefully maintained and managed by ownership
- Ability to increase NOI through leasing operations. (AVG 2 BD Rent: $803)
- Extensive tuckpointing in 2023. New commercial water heater in 2016
Key Details
Number of Units
Twelve (12)
Submarket
Englewood
Sale Price
$875,000
