270 Unit Kenwood & Woodlawn Portfolio

Property Overview

Interra Realty has been exclusively engaged to market a nine (9) property, 270-unit multifamily portfolio in Chicago’s Kenwood and Woodlawn neighborhoods. The properties feature a desirable and diverse unit mix of studio, one, two, three, four and five bedroom apartments. The properties have been professionally managed and ownership has made many recent capital improvements to building systems, exteriors and units.

The properties feature strong historical occupancy as well as existing in place cash flow, while presenting qualified purchasers with the opportunity to add value through in unit improvements. A new investor will be able to create a substantial presence in two low velocity, highly sought-after Chicago submarkets.

Highlights

  • 270 Total Units with Ideal Unit Mix
  • Irreplaceable Kenwood and Woodlawn Locations
  • Legacy Buildings – First Time to Market in Many Years
  • In Place Cash Flow with Value Add Component
  • Ideally Located Near The University of Chicago and IIT

Key Details

Asking Price
Subject to Offer
Number of Units
9 Buildings, 270 Units
Unit Mix
33 - Studios
31 - 1BR/1BA
87 - 2BR/1BA
4 - 2BR/2BA
75 - 3BR/1BA
28 - 3BR/2BA
9 - 4BR/2BA
3 - 5BR/2BA