Worth Holding for the Long Term
The property at 6545–6547 West 111th St. is comprised of two California style buildings located in Worth IL, a south suburb of Chicago. The property was stabilized but in need of capital improvements and cosmetic improvements to the units.
The seller had somewhat recently purchased the asset but was looking to exit the Chicago market so timing was right for the sale. The buyer plans to address the deferred maintenance and update units as they turn, and plans on a long term hold to enlarge his portfolio in the Chicago area market.