Property Overview
Interra Realty has been exclusively engaged to market 611-13 W Arlington, Chicago, IL 60614 for sale. The property is a twenty-three unit multifamily asset in the Lincoln Park Neighborhood. Lincoln Park is one of the city’s most affluent Chicago submarkets, and has historically strong rental demand and low transaction velocity.
The property is a half courtyard side entrance buidling. Many of the units have been updated in the last decade and there is a laundry room in the property to serve the tenants, as well as bike storage in the basement. The property has a boiler and radiator heat.
The unit mix is comprised of a good mixture of Studios, 1 Bedroom, and 2 Bedroom units.
A new investor has the rare opportunity to acquire scale in one of Chicago’s best neighborhoods. The property is being offered for sale free-and-clear of existing debt.
Highlights
- Prime Lincoln Park Location
- Studios, 1 Bedroom & 2 Bedroom Units
- Deep Arlington Lot
- Complimentary Unit Mix
- Brick Building
- Strong Rental Growth Submarket