Triton presents the exclusive opportunity to acquire 2735 N. Magnolia, located in Lincoln Park, one of Chicago’s most sought-after neighborhoods. 2735 N. Magnolia is ideally located on a low-density, tree-lined street, just steps from DePaul University’s Lincoln Park campus. Rental demand in this area is consistently high, given its proximity to neighborhood retail, dining, and public transportation, ensuring strong tenant demand and long-term investment stability. The property consists of (5) units featuring a brick walk-up three (3) unit building in the front and a two (2) unit frame coach house in the rear. Both buildings are equipped with individual HVAC and hot water heaters for each unit, providing tenants with control over their own utilities and reducing owner-paid expenses. Additionally, the common area laundry facilities are owned, which provides an additional income stream for the property. The property has an ideal unit mix, including three (3) three-bedroom, one-bathroom apartments in the front building and two (2) one-bedroom, one-bathroom units in the coach house. All apartments have well-laid-out floor plans and abundant natural light. All one (1) bedroom apartments have additional den space. The property has received significant capital improvements over the years, including individual HVAC, individual hot water heaters, a new catch basin and drain line, updated windows, and well-maintained tuckpointing, and a well-maintained roof. This offering presents several value add avenues for an investor to increase the property’s revenue. Modernization of one the (1) non-conforming garden unit would unlock substantial upside income potential. By bringing rent to market levels in current condition, a new investor could achieve a 6.68% cap rate, allowing for a significant cash-on-cash return for many years to come.