Interra Realty has been exclusively engaged to market for sale the historic property located at 1622 N. California Avenue in Chicago, Illinois. The 'North Hotel' was repositioned and gut rehabbed in 2015, converting from hospitality (hotel) to apartment units. Major capital improvements were addressed, including all new electric and copper plumbing, and major apartment makeovers. The property is situated in the highly sought-after northeast Humboldt Park neighborhood and is located less than a mile southwest of the Western Metra Rail line, offering residents convenient access throughout Chicagoland. There are abundant neighborhood amenities including nightlife, grocery store options, as well as elementary schools and the AMITA Medical Center nearby. Humboldt Park is steps away from the property.
The unit mix consists of thirty-nine (39) studio apartments and two (2) retail storefronts. All units have been renovated with new appliances, polished concrete flooring, new cabinetry, and exposed brick throughout some units. Each unit is equipped with in-unit laundry and heated/cooled via individual LG variable refrigerant flow systems.
- Gut Rehabbed in 2015 – Signature Style
- Favorable Market Conditions in Humboldt Park
- Steady Increase in Local Development and Investments
- Walking Distance to CTA and Neighborhood Amenities
- Strong Rental Demand for Building and Unit Type
- Renovated Units and In-unit Laundry