Sale Information

Asking Price: $12,000,000

Building Size: 35,302 SQ FT

Cost per Square Foot: $339.92

Property Overview

Kiser Group is pleased to present for sale the Lincoln Square Mixed-Use Portfolio, consisting of two (2) contiguous buildings with a total of forty-five (45) units. 2243-51 W. Eastwood Ave. consists of sixteen (16) 2BR/1BA units. 4621-25 N. Lincoln Ave / 2259-63 W. Eastwood Ave. is a twenty-nine (29) unit building consisting of three (3) 2BR/1BA units, twenty-two (22) 1BR/1BA units, and four (4) retail spaces. All residential units were renovated in 2015 to include stainless steel appliances, granite countertops, hardwood floors, new cabinets, and updated baths. Capital improvements include new porches and a complete build-out of the commercial spaces on Lincoln Ave (improvements to the facade and installation of individual HVAC). Building amenities include shared laundry and storage lockers in each building. These assets present an investor with the opportunity to acquire a high unit count in a well-maintained building in a thriving, A+ location. Through improved marketing, leasing, and management, investors could increase their yield by bringing all current rents to market rate.

Property Details

Key Points: 2 Rehabbed Vintage Buildings Condo-Quality Kitchens and Baths Unbeatable Location Steps from Restaurants, Shops, and Entertainment in Lincoln Square 1 Block from Brown Line

Broker Information

Kiser Group
Michael D'Agostino, CFA

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

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