Nate Gautsche represented a private investor in the acquisition of a 6-unit multifamily property located at 2646 N Orchard Ave, Chicago.
This was a rare opportunity to acquire a fully leased asset on one of Lincoln Park’s best streets at a sub 10 GRM with value-add upside and assumable debt at 4.20%. Nate is actively seeking similar opportunities on behalf of clients in prime locations throughout Chicago.
Assumable debt was provided by Chase, insurance was provided by 235 Insurance and the property will be professionally managed by CRER.
If you are looking to invest in the Chicago market or need advice on how to manage your current portfolio, contact Nate for a free consultation.
With over 1,300 apartment units sold at varying points of the economic cycle, he can be a valuable resource and advise you on what may be best with your specific situation whether that’s selling, holding or repositioning your asset(s).
CRER is actively growing its third-party property management portfolio. If you would like a proposal for management services, please fill out this form.
