Property Overview

Interra Realty has been exclusively engaged to market 944-54 W. Grace Street, Chicago, for sale. The subject investment property is a unique and rarely available 80 unit multifamily asset in the heart of Wrigleyville, one of Chicago’s most exciting submarkets.

The 1986 construction, courtyard style property surrounds a gated 62 car parking lot, creating an inviting, low density community setting. All units are spacious, duplex style one bed / one bath layouts with high ceilings and private outdoor space. Units were renovated over the last 18 months and are well appointed with modern finishes, in-unit laundry and a fireplace. Utility expenses run lean as a result of individual HVAC and hot water heaters.

The subject investment property presents the opportunity to acquire a trophy multifamily asset in a prime Chicago location at a time when interest rates are at historic lows. The property is well-positioned in the short-term to appeal to tenants looking for more space, parking and low-density housing. The property is well positioned for the long-term given the quality of the asset and units, as well as the momentum behind Wrigleyville.

Highlights

  • Dynamic Wrigleyville Location Steps from Wrigley Field, Red Line, and Numerous Shops, Restaurants and Nightlife
  • Recently Renovated Apartments with Modern Finishes, In-Unit Laundry, and Individual HVAC and Hot Water Heaters
  • All Units Feature Private Outdoor Space and a Fireplace
  • Well Positioned to Offer Near-and-Long-Term Stability and Rent Growth

Key Details

Price
Subject to Offer
Number of Units
80
Year Built
1986
Year Renovated
2019-2020