Property Overview

Interra Realty has been exclusively engaged to market a six (6) property, 66 unit multifamily portfolio in Chicago’s Bronzeville neighborhood. The properties are professionally managed and have experienced varying levels of capital improvements over recent years. The portfolio features a superb unit mix of spacious two, three, four and five bedroom apartments.


With current in place occupancy, the properties present qualified investors with the opportunity to exercise a targeted value add plan while taking advantage of in-place cash flow. Additionally, purchasers will be able to achieve immediate economies of scale in a low velocity highly desirable submarket of Chicago.

Highlights

  • First Time for Sale in 25+ Years
  • Unparalleled Unit Mix Across Portfolio w/ 86% 3BR or Larger
  • Dynamic Bronzeville Location Within Walking Distance of new 75,000 SF Mariano’s, 41st Street Green Line Stop, Mercy Family Health Center, and Newly Announced Sheba Medical Center
  • Ability to Capture Immediate Economies of Scale

Key Details

Asking Price
Subject to Offer
Number of Buildings
6
Number of Units
66
Property Addresses
4351-59 S. Martin Luther King Dr.
4316 S. Martin Luther King Dr.
4331 S. Martin Luther King Dr.
4520 S. Vincennes Ave.
539 E. 44th St.
417 E. 45th St.