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1351 W Touhy AveChicago, IL 60626
1351 W Touhy Ave, Chicago, IL 60626
Asset ClassMultifamily
Square Feet32,590
# Units: 43Deal Size: $7.3 MAccess Data Room
43- Unit Multi-Family Acquisition Opportunity
overview of deal

Overview

This property benefits from minimal vacancy rates and strong cash flow, making it an appealing investment. Located in Rogers Park, investors have the opportunity to either push rents to market levels or capitalize on the unique advantage of mobility rents, offering significant upside potential. The building’s proximity to the Jarvis Red and Purple Line stop adds convenience for residents with easy access to public transportation. Additionally, the assumable debt is particularly attractive, with only 34% down and a favorable 4.51% rate, enhancing the overall investment potential.

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Investment Highlights

  • Conveniently located blocks from the Jarvis red and purple line CTA stop
  • Ability to add-value by raising rents to market or mobility with no renovations
  • Mix of 1's, 2's and 3's
  • Units feature high-end finishes with stainless steel appliances
  • Attractive assumable debt option with a 34% down payment
  • Assumable Debt UPB: $4,798,705.82 ; Rate: 4.51% Maturity: 04/01/2029
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1351 W Touhy AveChicago, IL 60626
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Listing provided by Revere CRE
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