Nate Gautsche Completes Investment Sale in Lincoln Park

Nate Gautsche represented the buyer and seller in the sale of 1951 N Dayton, Chicago, IL. This was a rare value-add opportunity located on one of Lincoln Park’s premier residential blocks amongst multi-million-dollar homes and luxury condos. The unit mix consisted of all 2BR units that were approx. 1,200 SF. The lower level could be dug out to increase ceiling height for a duplex down unit with additional value-add opportunities with in-unit updates, increased rents or single-family home conversion. In addition to back porches, there also a nice shared patio for outdoor space and a 2 car garage.

4.0% Cap Rate  |  14.74 GRM

Nate’s Similar Sales and Active Listings in the Area:

–  2050 N. Bissell Ave, Chicago IL 60614
–  2323 N. Cambridge Ave, Chicago IL 60614
–  2338 N. Greenview Ave, Chicago IL 60614
–  347 W. Dickens Ave, Chicago IL 60614
–  2242 N. Lincoln Ave, Chicago IL 60614

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