Interra Realty has been exclusively engaged to market an investment opportunity consisting of two (2), twelve (12) unit apartment buildings in the highly desirable Southwest suburb, Chicago Ridge. The unit mix for both properties include eight (8) two-bedrooms / one-bathroom units and four (4) one-bedroom / one-bathroom units.

The properties have been well maintained throughout the course of ownership with 50% of the units fully rehabbed with premium finishes, featuring water proof laminate flooring, Formica counter tops, new cabinets and updated bathroom vanities. Major capital improvements to the property include; replaced water tanks and boilers in 2021 (Both buildings), new windows in 2021, re-surfaced & re-striped parking lots and re-painted interior hallways with new carpeting (2022).

Tenant amenities include ample on-site parking (2:1), common laundry room (owned by landlord). All units are heated by hot water baseboard heat with a thermostat in each unit and cooled by wall A/C units.

The investment offers an opportunity to achieve a 25% rental increase after modernizing the remaining units in a sought out after Southwest Suburban market.