Interra Realty has been exclusively engaged to market a five property, 329 unit portfolio of multifamily assets for sale. All of the properties are located in Chicago’s historic Kenwood neighborhood on scenic Drexel Boulevard and Lake Park Avenue, The property styles range from corridor to large sprawling
courtyards with high curb appeal and vintage architecture. In addition, the properties are all walking distance to the University of Chicago, the 47th Street & 53rd street retail corridors and the new 120,000 sqft. Northwestern Medicine outpatient care facility.

All 5 Properties have been fully gut rehabbed and feature a wide range of apartment sizes and floor plans, in addition to a number of apartments that are duplexes. Every unit has a modern aesthetic, market-leading finish levels, tenant-paid heat, air conditioning, and in-unit laundry. 4627 S. Drexel and 4830 S.
Drexel also offers on-site parking, a valuable amenity in Kenwood.

Three of the Five properties have recently been awarded 35% property tax assessment reductions through the AHSAP program in Cook County, creating a substantial long term cash flow enhancement. In addition, the majority of tenancy across the portfolio is CHA Housing Choice Voucher Tenants, which provide
for cash flow stability through subsidized payment. The properties are being offered individually, in combinations or as a portfolio and four of the five feature favorable assumable debt. The portfolio presents qualified investors with a unique opportunity to own stabilized, recently gut rehabbed apartment buildings while gaining immediate scale in a submarket currently experiencing substantial growth.

Learn more about this portfolio here.