45 Units 2013 & 2017 Construction
In place rents are 20% below market value
Marketing description
Two adjacent apartment buildings totaling 45 units, built in 2013 & 2017. Located in the highly desired Clearing / Garfield Ridge neighborhood in Chicago, IL. The buildings are in pristine condition. Central A/C, in unit laundry, 85% of units are 2 bed/2 full bath. Contact broker for details. Additional building may be acquired to equal a 72 unit portfolio.
Investment highlights
Room to increase annual gross income by 20%
Newer construction
High demand for apartments of this type/grade
14 Miles to Downtown Chicago, IL
5 Minutes to Chicago Midway International Airport, the orange line & Interstate 55
The buildings are situated on 65th ST which is located on the southwestern border within the Chicago city limits. Directly across the street is Bedford Park, IL, known for its large industrial district, employing over 30,000 people across various businesses. While on the Chicago side of 65th ST attracts many city employees that prefer a suburban feel.
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