7757-59 S. Winchester Avenue

Property Overview

Interra Realty has been exclusively engaged to market for sale 7757-59 S. Winchester Ave. The subject property is a nineteen (19) unit walk-up property located in the Gresham neighborhood of Chicago's South Side. The property consists of nineteen (19) 1BD/1BA units, most of which have both living and dining rooms.

Under current ownership, the property has experienced multiple capital improvements, including all new steel lintels, windows, spot tuckpointing, and a newly designed entryway on the west side of the property. In addition, three residential units have been completely gut rehabbed with all-new drywall, kitchens, bathrooms, flooring, lighting, and individual gas-forced air furnaces.

7757-59 S. Winchester Ave presents a new investor with the opportunity to acquire a well-positioned asset with a proof of concept rehab strategy and significant remaining upside through improvement of under-market rents.

Learn more about this transaction here.

Highlights

  • New windows, steel lintels, spot tuckpointing, downspouts, and gutter (2021)
  • Redesigned vestibule (Winchester Entrance)
  • Three recently gut-rehabbed units featuring individual heat and market-leading finishes
  • Opportunity to add immediate value through rehab and lease up

Key Details

Transaction Date
2023
Number of Units
Nineteen (19)
Submarket
Auburn Gresham