Interra Realty has was engaged to market 5901-03 N. Rockwell Street for sale. The subject investment property is a fully renovated, eight unit apartment building on Chicago's Northside. The property is located near the Lincoln Square, Ravenswood, and Andersonville Neighborhoods.
The unit mix features two and three bedroom layouts. All of the units have condo quality finishes throughout, as well as individual HVAC and in-unit laundry equipment. The property also has new porches, windows, electrical service, and plumbing. There is a two car garage for additional income.
The sellers were motivated to sell the property due to it being a bit of a geographical outlier from the rest of their portfolio, as well as to capture some income to return to their group of investors. The buyer was in a 1031 exchange and was drawn to the property’s size and location, which matched ideally with his interests.