As the Exclusive Investment Advisor, Greenstone Partners is pleased to present the opportunity to acquire 3132-34 S Lituanica Avenue (the “Property”), a fully leased seven-unit adaptive reuse multi-family investment property in Chicago’s exciting Bridgeport neighborhood. The brand-new gut renovations to the vintage property provide a unique opportunity to enter a highly sought-after multi-family submarket with economies of scale in an exceptional rental product.
The vintage property has received a brand-new gut renovation that includes brand-new windows, floors, electrical, plumbing, HVAC, kitchens, bathrooms, roof, and laundry in-unit. This gives a new investor the rare opportunity to purchase a renovated seven-unit property in Chicago’s Bridgeport neighborhood.
The 8,500 leasable square foot buildings sit on 4,450 square feet of land. The Property consists of two (2) 4 Bed 3 Bath duplex down units, two (2) 2 Bed 2 Bath units, two (2) 1 Bed 1 Bath units, one (1) penthouse 4 Bed 3 Bath unit, and five (5) garage parking spaces.
The Property benefits from outstanding demographics: a 1-mile population of 33,806, an average household income of $79,688, and a median home value of $355,583.
⦿ CONDO QUALITY APARTMENTS
⦿ IRREPLACEABLE LOCATION
⦿ BRIDGEPORT ART CENTER
⦿ SUPERIOR DEMOGRAPHICS