Interra Realty has been exclusively engaged to market for sale 4751 S. Vincennes Avenue and 4750 S. Forrestville Avenue. The subject investment properties are comprised of two 18-unit (36 units total) multifamily assets in Chicago's historic Bronzeville neighborhood. The properties are vintage, corner walk-up style apartment buildings with high curb appeal and attractive architecture. In addition, the properties are walking distance to neighborhood parks, the 47th Street Green Line CTA train stop, and abundant neighborhood retail stores.
The unit mix across both properties is comprised of very large two, three and four-bedroom apartments. All apartments feature spacious, highly desirable unit layouts. The properties have been meticulously maintained and feature modern, energy-efficient building systems, steel rear porches and solar panels on each roof.
The portfolio presents qualified investors with a unique opportunity to gain immediate scale in a submarket currently experiencing substantial growth. In addition, a new owner has the opportunity to add value via in-unit modernizations. With a targeted fi nishes package, a new owner can capitalize on strong rental growth currently being experienced in Bronzeville. Currently, there are affordability restrictions which impact maximum rental amounts at the property.
- Highly Desirable Bronzeville Location
- Ideal Unit Mix Of Extra Large 2,3 and 4 Bedroom Apartments
- Meticulously Maintained Buildings With High Efficiency BuildingSystems, Solar Panels, and Steel Porches
- Rental Upside Through Modernization Of In-Unit Finishes