Hyde Park & Madison Park Portfolio
Interra Realty has been exclusively engaged to market the Hyde Park / Madison Park Portfolio (1310, 1318 and 1334 E. Hyde Park Boulevard). The offering is comprised of three courtyard style multifamily properties on one block. The buildings feature inviting courtyards and entrances on both the Hyde Park and Madison Park sides, which are connected by grand lobbies. Each building offers bike storage, on-site laundry equipment, and abundant raw basement space which could be amenitized.
Approximately 90 percent of the units have recently been modernized with new kitchens and bathrooms. Almost half of the apartment units are extremely spacious, three-bedroom, two-bathroom layouts, which feature in-unit laundry equipment.
Investors have the rare opportunity to acquire a portfolio offering immediate economies of scale in a high demand, low sale velocity Chicago submarket. Additional value can be realized by modernizing the remaining vintage units and upgrading common area amenities. The portfolio is being offered for sale free-and-clear of existing debt.
- Three Courtyard Multifamily Assets
- Approximately 90% of Units Have Been Recently Modernized
- 46% of Units are 3 Bed / 2 Bath Layouts w/ In-Unit Laundry
- Rarely Available Scale in Hyde Park with Value-Add Potential
- Available Free and Clear of Existing Debt