Property Overview

Interra Realty has been exclusively engaged to market 3634-48 & 3639-47 W. Montrose Avenue, "The Montrose Portfolio", for sale. The subject investment portfolio is comprised of seven newer construction multifamily properties on one block of the Albany Park Neighborhood.

All apartments are 2-3 bedroom / 2-3 bathroom layouts. Units are appointed with market leading finishes, including; stainless steel appliances, stone countertops, modern bathrooms, in-unit laundry, a fireplace and central heat and air conditioning. All units have a private balcony and assigned parking.

A qualified investor has the opportunity to acquire a high quality multifamily portfolio offering immediate economies of scale in an established Chicago submarket. The portfolio is being offered for sale free-and-clear of existing financing

Highlights

  • Newer Construction Multifamily Portfolio in Strong Albany Park Location
  • Condo Quality Finishes w/ In-Unit Laundry, Fireplace, Individual HVAC, and Balcony
  • Attractive Parking Ratio with Mostly Garage Spaces
  • Offered Free-and-Clear of Existing Debt

Key Details

Asking Price
$11,900,000
Building Size
46,340
Lot Size
41,402
Number Of Buildings
Seven (7)
Number Of Units
39
Cap Rate
5.5%
Year Built
2013