Property Overview

839 W. Agatite Avenue | 4714 N. Sheridan Road

Interra Realty has been exclusively engaged to market 839 W. Agatite Avenue and 4714 N. Sheridan Road for sale. The offering consists of two new construction, boutique multifamily assets in the Uptown Neighborhood of Chicago's north side. The properties are located six blocks from one another offering immediate economies of scale in a submarket positioned for long-term growth. Offers will be entertained on an individual or portfolio basis.

Both buildings were developed with unmatched construction quality and attention to detail. The portfolio offers a diverse unit mix comprised of luxurious studio, one and two bedroom layouts, which are appointed with high-end finishes. 839 W. Agatite Avenue has four garage parking spaces as well as 15 spaces in the rear of the property in a lot with radiant heat, eliminating the need for snowplowing. 4714 N. Sheridan Road has 18 garage parking spaces, as well as bike storage and storage lockers.

This portfolio gives investors the rare opportunity to acquire two best-in class, boutique multifamily assets in a strong and improving Chicago neighborhood.

Highlights

  • New Construction Properties Developed with High Construction Standards
  • Market Leading Apartment Finishes
  • Efficient Floor Plans with Minimal Common Area Maintenance Required
  • Attractive Parking Ratio
  • Strong Uptown Locations Positioned for Long-Term Growth
  • Walking Distance from Public Transit, Numerous Retailers and Lake Michigan
  • Sheridan Offers Unique Theme Based on Artist, Mondrian

Key Details

PORTFOLIO SALES PRICE
$17,100,000
PORTFOLIO CAP RATE | GRM
5.38% | 12.41
NUMBER OF UNITS
50 Total (Agatite: 20 | Sheridan: 30)
OFFERING TYPE
Individual or Portfolio Offers Considered
PINS
Agatite: 14-17-229-003-0000 | Sheridan: 14-17-203-016-0000