Nate Gautsche with CRER recently sold 507-09 N Hartland Court in Chicago’s rapidly developing West Town neighborhood for $1,740,000. Multiple offers were procured within 1 week of on market time and the property closed at 98% of list price. The 6-unit property built in 2001 featured large rental units with garage parking. Buyers were attracted to the opportunity to purchase a newer construction, cash flowing asset below replacement value in a neighborhood that is experiencing a building boom.
The property is strategically located approx. 5 blocks from the West Loop and Fulton Market and 5 blocks from all the bars and restaurants on Chicago Ave. Top floor units have private, walk-out roof decks with great views of downtown. Garage parking for 6 cars. Granite counter tops, stainless steel appliances and outdoor space for each unit. Built in 2001 with condo level finishes. Opportunity to boost rental income with minimal value add and/or a condo exit with modernized upgrades.
Please reach out to Nate if you are seeking similar investments or want an opinion of value for your current property or portfolio at 312-925-2521 or firstname.lastname@example.org.