4234 N Hutchinson - Apartments FOR SALE


Chicago, IL 60618- North Center
$5,200,000 USD
773-919-1297
4234 N Hutchinson, Chicago, IL for Sale
$5,200,000 USD
Apartments - FOR SALE
1/11
null | 5.66% Cap Rate

4234 N Hutchinson
Chicago, IL 60618
North Center


HIGHLIGHTS

  • Full Historic Occupancy
  • 2014 Construction
  • Below-Market Rents
  • 1-to-1 Indoor Parking
  • 96 Walk Score

OVERVIEW

Hutchinson Lofts presents investors the opportunity to acquire a stabilized, turnkey multifamily asset in Chicago's North Center neighborhood. Built in 2014 and still owned and managed by its original developer, the property has been meticulously maintained, with no deferred maintenance. The building offers luxury loft-style residences featuring high ceilings, oversized windows, premium kitchens, and private outdoor spaces. Amenities include heated garage parking, bike storage, and prime walkable location (Walk Score: 92) North Center is distinguished by its top-performing schools, stable housing market, and strong demographic profile, making it a preferred destination for families, young professionals, and long-term renters. North Center also benefits from excellent connectivity, steps from the brown line CTA and major bus routes, providing great urban accessibility. Current in-place rents trail market by roughly 13%, providing immediate upside through renewals and turns. Even after accounting for property tax adjustments, the investment offers strong cash returns.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$153 USD /SF

# OF UNITS

18

PRICE/UNIT

$288,889

CAP RATE

5.66%

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hutchinson Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2014

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,287 SF

ZONING

B1-3

APN/PARCEL ID

13-13-406-056-0000

ASK ABOUT THIS PROPERTY

Lee KiserKiser GroupMore Info
773-919-1297

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

Lee KiserKiser GroupMore Info
773-919-1297

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