Interra Realty has been exclusively engaged to market for sale 732 N. Hamlin Ave. The offering is a seven (7) unit multifamily walkup property located in the Humboldt Park neighborhood of Chicago's West Side. The offering consists of an ideal unit mix of seven (7) two-bedroom units including (4) 2BD/1BA unit sand (3) 2BD/1.5BA Units. The property is located approximately six (6) miles west of Chicago's central business district.
Apartments in this property have been retrofitted with individual forced air furnaces, individual hot water tanks, and stackable washer and dryer units. Additional upgrades include hardwood flooring and modern kitchens along with improved common spaces.
A new investor is presented with the opportunity to acquire a well-maintained asset with strong in place rents and an ideal unit mix. A new investor can capitalize on the properties in place cash flow while also realizing greater returns by gradually increasing rents to market rates.
- Appreciating Location in Humboldt Park Neighborhood
- Value Add Potential | Under Market Rents
- Ideal Unit Composition of All Two-Bedroom Apartments
- Individual Forced Air Furnaces, Individual Hot Water Tanks, Stackable in Unit Washer and Dryer