Executive Summary
Portfolio Asking Price: $2,825,000
A 44-unit courtyard apartment building in Chicago’s Austin neighborhood, offered as part of a 95-unit, five-property portfolio. Built in 1927, the building offers approximately 43,788 SF on an 11,703 SF lot zoned RT-4. It has a large share of family-sized units and needs renovation, which makes it a strong value-add opportunity for an experienced operator.
- Units: 44
- Unit Mix: (1) 4BR, (4) 3BR, (30) 2BR, (3) 1BR, (6) studios
- Occupancy: 31.8%
- Year Built: 1927
Sold as-is. Receiver sale subject to court approval. Offered only as part of the 95-unit portfolio.
