5710 N. Winthrop

• 25 studio and 17 1 bedroom / 1 bathroom units
• Modernized unit mix
• Rental upside with current rates around 15% below market

Property Description

Kiser Group has been exclusively engaged to market Fairchild Towers, a 42-unit vintage corridor building in Chicago's Edgewater community. The building has 25 studio apartments and 17 one bedroom / one bathroom units. In December of 2020, ownership started an 18 month, large-scale renovation project. The work included new building electrical, common space updates such as flooring, baseboards, lighting and doors. Units were renovated to modernize kitchens and baths with quartz countertops, shaker-style cabinetry, new flooring, lighting, etc,. Also, floor plans were reconfigured to offer open concept living, and windows were replaced to maximize natural light. 5710 N. Winthrop offers the opportunity to acquire a renovated asset with rental upside. Current rents are, on average, 15% below market for nearby apartment buildings with similar finishes (see rent survey pages), allowing for new ownership to operate more aggressively and move rents to market rates.