1625 W. Greenleaf & 6701-11 N. Greenview 2 biens | Immeuble residentiel | À vendre | 7 442 005 € | Chicago, IL

Kiser Group has been exclusively engaged to market for sale 6701-11 N. Greenview and 1625 W. Greenleaf, a two-property 39-unit multifamily portfolio in Chicago's Rogers Park neighborhood. The two buildings are situated 0.6 miles from one another in ideal locations for tenants to access a plethora of public transit, education and recreation.
1625 W. Greenleaf is a vintage walk-up building built in 1929 with a well-balanced unit mix of five (5) one-bedroom/one-baths, five (5) two-bedroom/one-baths, and three (3) three-bed/one bathroom apartments. There is also a bonus ground-floor one-bedroom/one-bath unit. Over the years, ownership has replaced windows, porches, and completed cosmetic work on ~70% of the apartments. On average, rents are ~36% below market, enabling new ownership to capitalize by increasing rents. Located only 0.6 miles to the CTA red line Morse stop, and 0.5 miles to the Rogers Park Metra station, where housing is always in-demand.
6701-11 N. Greenview is a courtyard-style property with a strong unit mix comprised of nineteen (19) two-bedroom/one-bath units, and seven (7) 3-bedroom apartments. Roughly 50% of the units have seen cosmetic updates including new cabinets/countertops and refinished floors. Current rents are ~35% below market, and the building offers four unfinished basement areas with potential for conversion into units.
This portfolio opportunity offers the ability to acquire scale in two well-situated assets with just the right amount of value-add. New ownership is guaranteed a portfolio in a location that will always be sought after in a continuously changing market.