under_contract

8544-48 W. GREGORY STREET

Property Overview

Interra Realty has been exclusively engaged to market for sale the multifamily asset located at 8544-48 W. Gregory Street in Chicago, Illinois. The subject investment property consists of a twelve-unit courtyard building with off-street parking competitively positioned in the O'Hare submarket. The location offers tenants convenient access to the Cumberland CTA stop (walking distance from the property), the Kennedy Expressway and O'Hare International Airport.

The unit mix is comprised of one (1) studio, four (4) 1-bed/1bath, six (6) 2-bed/1bath, and one (1) 3-bed/1.5 bath units. The units are cooled via wall A/C units and heated through first floor radiant heat and hot water baseboard heat on the second and third floors. Off-street parking and storage are available and
there are two common laundry rooms.

The property has been under the same ownership since 1988. Potential investors have the opportunity to acquire a rarely available property in one of Chicago's premier submarkets.

Highlights

  • Rarely Available 12-Unit Free-Standing Building in the O’Hare Submarket
  • Balanced and Attractive Unit Mix
  • Value-Add Opportunity
  • Long-Term Ownership of 35+ Years
  • Located Nearby O’Hare Intl. Airport, CTA Train and Major Expressways
  • No Garden Units

Key Details

Number of Units
Twelve (12)
Submarket
O'Hare