Lincoln Park & Lake View 11 Unit Residential Portfolio

Description:

Multifamily Investment Advisors at Keller-Williams Commercial are pleased to present the 11 unit residential and mixed-use portfolio in Chicago, IL. The portfolio consists of 2 properties located at 2425 N. Greenview Ave. and 1148 W. Belmont Ave..

 

2425 N. Greenview Ave. is a 6 unit residential property located in the Lincoln Park neighborhood on Chicago’s North Side. The property features (2) three bedroom, two bathroom unit collecting $2,215 on average and (4) two bedroom, one bathroom units with average rents of $1,644.

 

1148 W. Belmont Ave. is a 5 unit residential and retail property located in the Lake View neighborhood on Chicago’s North Side. The property features (1) three bedroom, two bathroom unit collecting $2,500, (3) two bedroom, one bathroom units with average rents of $1,773 and a commercial retail unit collecting $1,640.

 

Lincoln Park and Its 66,000 residents enjoy all the benefits of city living while enjoying huge parks and open spaces. The area is full of luxurious residences and restaurants. The posh area is home to DePaul University, a conventional college atmosphere. Lincoln Park is two miles north of downtown and borders Old Town, River North, Gold Coast, Bucktown, Lakeview and North Center.

 

Lakeview has much to offer visitors and residents alike. Founded in the 1800s as an incorporated township known for its farming industry, a real estate boom in 1889 became a major economic stimulant which resulted in over forty percent of the neighborhood’s present-day buildings being constructed. The neighborhood now boasts fine dining establishments, vibrant nightlife, and many other activities suitable to a diverse range of interests.

 

The properties are in close proximity to downtown-accessible CTA bus/train stops, Lake Shore Drive, the I-90/94 expressway, and both sit 5 miles north of Chicago’s central business district and 15 miles from O’hare Airport. This offers prime location and accessibility for the dense renter pool that the neighborhoods attract.

 

This portfolio opportunity offers a turnkey investment with good returns. It positions an investor to benefit from high rents as well as second-to-none confidence in appreciation.





Turnkey investment with good returns.
High Rents
Premier Lincoln Park & Lake View Neighborhoods