Property Overview
Interra Realty has been exclusively engaged to present for sale 8456 S. Peoria St. The subject property is an 8 unit building located in Chicago's Auburn Gresham neighborhood. The building consists of (8) 2 BD/1 BA units with spacious layouts. 4 units feature large eat in dining rooms and 6/8 units feature hardwood flooring.
Recent Cap Ex improvements consist of a new flat rolled rubber roof installed in 2019, all new lintels and windows, and new concrete laid in the back of the property.
The building presents qualified investors with the opportunity to acquire a stabilized, cash flowing asset with potential to increase the net operating income through continued cosmetic improvements of units.
Highlights
- Desirable Unit Mix: All 2 BD/1 BA units
- Recent Cap Ex improvements include newer windows, lintels, and roof
- Ownership has upgraded kitchens and baths of one (1) unit
- 4 units have large eat in dining rooms. 6/8 units feature hardwood flooring
- Value add potential through the continued updating of the remaining seven (7) units
Key Details
TRANSACTION DATE
2022
NUMBER OF UNITS
EIGHT (8)
SUBMARKET
AUSTIN GRESHAM
