Interra Realty has been exclusively engaged to market two properties, totaling 79 units, located at 6901 S. Paxton & 6949 S. Paxton Avenue. The opportunity consists of a 50-unit apartment building located at 6901 S. Paxton and a 29-unit building at 6949 S. Paxton. The properties are located on the same block in the Jackson Park Highlands District of Chicago's South Shore neighborhood.

The combined unit mix consists of three (3) studios, twenty-one (21) one-bedroom, thirty-one (31) two-bedrooms, fifteen (15) three-bedrooms, and nine (9) four-bedroom units. 6901 S. Paxton features loft-style units with upgraded common entryways, an on-site private parking lot with a 1:1 ratio, communal laundry, and steel porches. Both properties have experienced upgrades to units including granite countertops, stainless steel appliances, new tile flooring in kitchens and baths, and re-stained hardwood.

The portfolio presents qualified investors with a unique opportunity to achieve immediate economies of scale on the same street, allowing for greater managerial efficiencies. In addition, there remains additional upside in rents and further monetization of parking.

Learn more about this transaction here.