1756 W School St - Apartments FOR SALE


Chicago, IL 60657- Lakeview
$3,100,000 USD
312-848-6682
1756 W School St, Chicago, IL for Sale
$3,100,000 USD
Apartments - FOR SALE
1/27
null | 6.57% Cap Rate

1756 W School St
Chicago, IL 60657
Lakeview


HIGHLIGHTS

  • Dynamic Lakeview Location
  • Fully Gut Rehabbed in 2023-2024
  • New Building Systems and Updated Envelopes
  • High-End Apartment Finishes with In-Unit Laundry
  • Individual, Tenant-Paid, HVAC

OVERVIEW

Interra Realty has been exclusively engaged to market 1754-56 W. School Street, Chicago, for sale. The subject investment property is a fully renovated, eight unit multifamily asset in the Lakeview Neighborhood of Chicago’s northside. The property is a unique configuration of three buildings set on one parcel. The property experienced a full gut renovation in 2023-2024 with all new buildings systems and significant improvements to the building envelopes (porches, windows, and roofs). All apartment feature luxurious finishes, in-unit laundry, and individual HVAC. A new investor has the opportunity to acquire a stabilized multifamily asset in one of Chicago’s most sought after markets for tenants and investors.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$1,902 USD /SF

# OF UNITS

8

PRICE/UNIT

$387,500

CAP RATE

6.57%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1891

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,250 SF

ZONING

-

APN/PARCEL ID

14-19-423-022-0000

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.