Property Overview

Interra Realty has been exclusively engaged to market 4621-25 N. Lincoln Avenue and 2243-51 W. Eastwood Avenue (The Lincoln Eastwood Portfolio) for sale. The offering consists of two adjacent vintage walk-up properties in a prime Lincoln Square location. The unit mix offers primarily one and two bedroom apartments and street-level retail.


The Lincoln and Eastwood Portfolio has been very well maintained and is professionally managed. The apartments have been recently modernized with stainless steel appliances, stone countertops, and new kitchen and bathroom tile and cabinetry. A new investor could create additional value via leasing or amentizing the two small vacant retail spaces on Eastwood.

A new investor has the rare opportunity to acquire a portfolio offering immediate economies of scale in one of Chicago’s most desirable neighborhoods, with historically low sale velocity and long average hold periods.

Highlights

  • Rare Opportunity to Acquire Adjacent Properties in One of Chicago’s Most Sought After Neighborhoods
  • Modernized Apartment Finishes
  • Well Maintained and Professionally Managed
  • Steps from Brown Line Train, Welles Park, and Numerous Shops, Bars and Restaurants

Key Details

Asking Price
$11,000,000
Number of Buildings
2
Number of Units
45
Cap Rate
5.77%