525 North Austin Boulevard
- 57-Unit Multi-Family senior living investment opportunity on the west side of Chicago
- Stabilized Senior Living Asset: 89% occupied, with an in-place NOI of $304,500 providing immediate consistent cash flow upon acquisition
- Conveniently located only a few blocks away from the Austin CTA “L” Station (Green Line) and about one (1) mile from Interstate-290 (I-290), ensuring easy commutes for staff and visitors.
Property Description
Crestwood Apartments, located at 525 N. Austin Boulevard, features a six (6) story subsidized senior living apartment building on Chicago's West Side. Constructed in 1930, the 57-unit building sits on 0.34 acres and features a studio-heavy mix with 40 studio units, 16 1-bedroom units, and one (1) 2-bedroom unit. The building is 89% occupied and includes 19 parking spaces, an elevator, and on-site laundry. With all but one (1) unit subsidized through the CHA, Crestwood offers buyers the potential for durable, stable income supported by an established resident base. The property is well located near Interstate-290 (I-290) and the Austin CTA “L” Station (Green Line), providing for strong connectivity across the West Side and into Downtown Chicago.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 57 |
| Lot Size: | 0.34 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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