Property Overview
Interra Realty has been exclusively engaged to market 920 W. Oakdale Avenue, Chicago, for sale. The subject investment property is a rarely available, 31 unit courtyard multifamily asset in the heart of Chicago's Lakeview Neighborhood.
The property was fully gut renovated in 2018. The renovation included all new systems, extensive envelope improvements, and modern unit finishes. All units feature individual HVAC and in-unit laundry equipment. Tenants also have access to an on-site fitness center.
Ownership has renewed or relet over 70 percent of the rent roll and achieved 5.7 percent rent growth on average. With very limited new supply scheduled to be delivered in Lakeview in the coming years, the rent roll is poised to continue to see strong growth.
A new investor has the rare opportunity to acquire a fully-renovated courtyard building in the desirable Lakeview neighborhood with a healthy and growing rent roll.
Highlights
- Centrally Located in One of Chicago’s Best Neighborhoods
- Fully Renovated in 2018 with New Building Systems and Unit Finishes
- All Units Have Individual HVAC and In-Unit Laundry
- On-Site Fitness Center
- Approximately 6% Average Rent Growth in 2025