312-848-6682
153 W Ohio St, Chicago, IL for Sale
Apartments - FOR SALE
1/28
null | Request Cap Rate

153 W Ohio St
Chicago, IL 60654
River North


HIGHLIGHTS

  • Prime River North Location - True Live-Play-Work Community
  • Soaring 12-17' Timber Ceilings and Luxury Finishes in All Units
  • Full Adaptive Re-Use Renovation with New Building Systems
  • Uncompromising Common Area Amenities for Boutique Building
  • Redeveloped By Right - No Affordability Restrictions

OVERVIEW

Interra Realty has been exclusively engaged to market 153-157 W. Ohio Street, "Paper Box Lofts", for sale. The subject investment property is a 35 unit, luxury multifamily asset in one of Chicago's most dynamic and sought after neighborhoods. The property was originally a box factory, then operated as a loft office building prior to the seller converting it to luxury apartments. The property was redeveloped without a zoning change, allowing the property to operate without any affordability restrictions. All apartments feature high, exposed timber ceilings, abundant natural light, luxurious and tasteful kitchen and bathroom finishes, in-unit laundry, and individual HVAC. Select units have private balconies or terraces. Common area amenities include, large fitness center, multi-level rooftop deck, storage lockers, package delivery system, and well-appointed lobby. Paper Box Lofts offers investors to acquire a rarely available, boutique multifamily asset in one of Chicago's best neighborhoods. The property is well-positioned against competitive rental stock given rarity of loft style product in a submarket with primarily new construction offerings. The property is being offered for sale free-and-clear of existing debt.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

36

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Paper Box Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1906

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,693 SF

ZONING

DX7

APN/PARCEL ID

17-09-238-007-0000

ASK ABOUT THIS PROPERTY

Joe SmazalInterra RealtyMore Info
312-848-6682

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Joe SmazalInterra RealtyMore Info
312-848-6682

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.