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.
4316 S. Martin Luther King Dr.
4331 S. Martin Luther King Dr.
4520 S. Vincennes Ave.
539 E. 44th St.
417 E. 45th St.