732 W. Grace St. is a 15-unit, mixed-use building located approximately ¼ mile from both Lake Michigan and Wrigley Field in Chicago’s Lakeview neighborhood.
The fourteen renovated apartments feature stainless steel appliances, hardwood floors, granite countertops, in-unit laundry, and individual HVACs. There is a 4,700 square foot retail space, which has been occupied by The Pancake Café since 2018.
New ownership may be able to increase annual rental income by roughly 11% by increasing rents to market as units turn. The Property benefits from a pride of ownership that can be immediately seen and results in little to no deferred maintenance. Residents benefit from both high-quality apartments and excellent customer service.
732 W. Grace St. is conveniently located 0.5 miles from the Addison CTA Red Line Station and 0.5 miles from the Sheridan CTA Red Line Station.