Property Overview

Interra Realty has been exclusively engaged to present for sale 6354-56 S. Albany Ave. The subject investment property is an 8 unit, walk-up style, multifamily asset in the Chicago Lawn neighborhood.

The property offers an attractive unit mix of two and three bedroom apartments. Units at the property feature market leading finishes including granite counter tops, newer cabinetry, newer bathroom tile surrounds and vanities in addition to updated flooring. The property features a brand new boiler, two newer hot water storage tanks, newer windows and rear enclosed porches

A new investor has the opportunity to acquire a fully occupied, recently improved property with an in place of cap rate of over 9% in addition to a healthy cash on cash return.

Highlights

  • Highly Desirable Unit Mix: 2 and 3 BD layouts
  • Recent Capital Improvements Include Newer Windows, Hot WaterStorage Tanks and Rear Enclosed Porches.
  • Units Feature Modern Updates to Kitchens and Baths
  • Dynamic Marquette Park location

Key Details

Transaction Date
2024
Number of Units
Eight (8)
Submarket
Marquette Park