312-351-1111
HIGHLIGHTS
- Subject is a 22-unit residential (plus one commercial unit), operating through a reputable nonprofit single-tenant master lease through 2034.
- In Chicago’s urban core neighborhood of Austin, dedicated to helping local families experiencing homelessness, ensuring stable rental income.
- Modified net lease has most expenses fully recoverable or capped, a guaranteed annual income of $338,745, and attractive 3% escalations.
- After 2034, the master lease offers one option to extend by five years.
- 2020 rehab upgraded electric, water and gas services, copper plumbing, new HVAC, water heaters, kitchens, bathrooms, roof upgrades, etc.
- Social Impact Investment
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Cash-Flowing MFR Master Lease Through 2034
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Storefront Retail/Residential, Office/Residential, Dormitory
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1924
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.3 AC
LAND SF
13,068 SF
ZONING
C1-2
APN/PARCEL ID
16-09-427-019-0000
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312-351-1111
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312-351-1111
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