Property Overview
Interra Realty has been exclusively engaged to market 7526-34 S. Colfax Avenue, Chicago, for sale. The subject investment property is a 25 unit, courtyard style, multifamily asset in the South Shore submarket.
The property features (17) 2 BD/1 BA, (7) 3 BD/1 BA and (1) Garden 1 BD/1 BA unit. Current ownership has renovated and rehabbed 15+ units. In addition, the property has been outfitted with both a new hot water tank and boiler. Ownership did a full rehab of the garden unit and built out a new laundry room.
A qualified investor has the opportunity to acquire a stabilized, well managed, turn key asset in one of Chicago's most fast appreciating submarkets with the ability to increase rents.
Highlights
- High Curb Appeal Vintage Courtyard/Desirable South Shore Location
- 15+ units renovated with condo quality finishes
- Attractive Unit Mix with 1, 2, and 3 bedroom layouts
- Full rehab of Garden apartment
- On Site Laundry room
- Strong In Place Occupancy
Key Details
Sale Price
$2,250,000
Number of Units
Twenty-Five (25)
Submarket
South Shore
