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