Property Overview
Interra Realty has been exclusively engaged to present for sale 6103-6105 S. Washtenaw Ave. Located in Chicago's Marquette Park neighborhood, the subject property consists of eleven (11) units featuring (1) 3 BD/1.5 BA units, (2) 3 BD/1 BA units, (4) 2 BD/1 BA units, & (4) 1 BD/ 1BA units.
The asset has been pridefully maintained and well managed by a long term owner and features spacious unit layouts. The property has seen various levels of updates to kitchens and baths. The property was outfitted with a new boiler approximately 3years ago.
A qualified investor has the opportunity to acquire a stabilized, well managed, pridefully maintained building with the ability to increase rental rates through the continued modernization of units and leasing operations.
Highlights
- Desirable Unit Mix: (1) 3 BD/1.5 BA, (2) 3 BD/1 BA, (4) 2 BD/1 BA, (4) 1 BD/1 BA
- Pridefully maintained and managed by long term owner
- Spacious unit layouts. 10/11 units have seen various levels of cosmetic updates made to kitchens, baths, and flooring
- New boiler installed in 2019 Ability to increase rental rates through continued updating of units as well as through leasing and management
- First time being offered for sale since 2007