Property Overview
Interra Realty has been exclusively engaged to present 7601-05 S. Peoria St for sale. A 12 unit walkup located in Chicago's Auburn Gresham neighborhood, the subject property features (10) 2 BD/1 BA and (2) 3 BD/1 BA units.
Current ownership has renovated 8/12 apartments with modernized kitchens and baths. Cap-Ex improvements include new porches, new lintels, and a new back rear gate. The units feature individual furnaces and water tanks throughout.
The subject property presents qualified investors the opportunity to acquire a pridefully managed, well maintained, stabilized asset with the ability to increase rental rates through leasing and management and the continued renovation of the remaining 4 vintage units.
Highlights
- Desirable Unit Mix: (10) 2 BD and (2) 3 BD
- 8/12 units renovated with modern finishes
- Individual furnaces and water tanks
- New porches/Updated lintels/New back gate
- Strong value add component by bringing rents to market levels
- Pridefully maintained and managed
- Ability to build out an additional garden unit/office
Key Details
Sale Price
$975,000
Number of Units
Twelve (12)
Submarket
Auburn Greshman