Sale Information

Building Size: 141,007 SQ FT

Property Overview

The Eastlake Terrace Portfolio is comprised of 11-building into total that are located on a 3-block stretch of Eastlake Terrace between Sheridan and Birchwood. The buildings vary in size vary in with the smallest building being made up of a 4-unit building and the largest building being 32-unit court-yard building. Moreover, the buildings offer a mix of fourteen [14] studios; one hundred [100] 1-bedrooms; fifty-seven [57] two-bedrooms; one [7] three-bedrooms; and three [3] four-bedrooms.

Currently, the buildings generate approximately $1.6M in net operating income, however a new buyer would be able to generate higher amount of money through either more aggressive management and leasing of the buildings in their current condition, or by renovating the units to push the rents even higher.

Property Details

Key Points: 11-Building Portfolio Located on Lake Michigan Value-Add Opportunity Between Loyola University (1.2 mi) & Northwestern University (2.9 mi) 3-Blocks to CTA Red & Purple Lines

Broker Information

Kiser Group
Lee Kiser

1628 W. Montrose Ave.
Chicago, Illinois 60613
United States