Rebuilding Rogers Park
6634 N. Ashland is a 17 unit building in a great Rogers Park location. The property was in need of a major modernization as the units were in rough shape and the building had an immense amount of deferred maintenance.
The seller was a long-term owner and had some initial uncertainty regarding a sale. Interra brokers Craig Martin and Brian DiBasilio established a relationship over time with the seller and helped him through the sales process. The seller realized that the timing, pricing and qualifications of the buyer were right, and led to him executing the sale. The buyer plans on carrying out a complete rehab to the dated units, addressing the deferred maintenance, and upgrading the building systems with the intent of a long-term hold to enlarge his portfolio within the Rogers Park submarket.