Property Overview
Interra Realty has been exclusively engaged to market The Maynard at 1412 W. Morse for sale. The subject investment property is a newer construction, mixed-use asset in the Rogers Park Neighborhood of Chicago's northside. The property is comprised of 16 - 2 bed / 2 bath apartments over street-level commercial and 17 garage parking spaces.
The property was built in 2008 as high-end condominiums. Given market conditions at the time of delivery, it's been rented since. All units feature private outdoor space, condo-quality finishes, in-unit laundry, individual hot water heaters and HVAC. The retail space is leased at below market rent to a local tavern.
A new investor has the opportunity to acquire a newer construction mixed-use asset in a strong and improving Rogers Park location.
Learn more about this transaction here
Highlights
- Strong Rogers Park Location, Adjacent to Morse Red Line Stop
- High-End 2 Bed / 2 Bath Apartments Over Street-Level Retail and Garage Parking
- All Units Have In-Unit Laundry, Fireplaces, Steam Showers and Private Outdoor Space
- Individual HVAC and Hot Water Heaters
- 7.8% Upside from Average to High Water Mark Rents
