Hyde Park/Madison Park Portfolio

Sales Overview

  • Price: $19,500,000
  • Number of Units: 79
  • Property Type: Multi-Family

Highlights

  • Three Courtyard Multifamily Assets and One Developable Land Parcel
  • 87% of Units Recently Modernized
  • 46% of Units are 3 Bed / 2 Bath Layouts w/ In-Unit Laundry
  • Rarely Available Scale in Hyde Park with Value-Add Potential

Description

Interra Realty has been exclusively engaged to market the Hyde Park Madison Park Portfolio (1310, 1318, 1330 and 1334 E. Hyde Park Boulevard). The offering includes four contiguous properties comprised of three courtyard style multifamily properties and a developable land parcel.

The buildings feature inviting courtyards and entrances on both Hyde Park and Madison Park sides, which are connected via grand lobbies. Each building offers bike storage and on-site laundry equipment.

Approximately 90 percent of the units have recently been modernized with new kitchens and bathrooms. Almost half of the apartment units are extremely spacious, three-bedroom, two-bathroom layouts, which feature in-unit laundry equipment.

Investors have the rare opportunity to acquire a portfolio offering immediate economies of scale in a high demand, low sale velocity Chicago submarket. Additional value can be realized by modernizing the remaining vintage units, upgrading common area amenities and amenitizing or developing the land parcel.


Location

Contact the Brokers

Joe Smazal

Senior Managing Partner

312-477-0194