Address: 816 N Leavitt St, Chicago, IL 60622, USA
Created date: February 28, 2024
Date last updated: June 6, 2024
- Gut rehabbed apartments with in-unit laundry and individual HVAC
- Strong unit mix with six (6) 2 bedroom / 1 bathroom apartments
- Current rents are 10-15% below market for comparable product in the area
- Less than one block from the Chicago Avenue retail corridor
Property Description
Kiser Group has been exclusively engaged to market for sale 816 N. Leavitt, a 6-unit walkup building in Chicago's premier Ukrainian Village neighborhood. This property has a strong unit mix, comprised of six (6) two bed / one bath apartments.
In 2018, the property was gut-renovated which included all apartments and building systems. The project altered units to feature modern kitchens with stainless steel appliances and quartz countertops as well as in-unit laundry. Tenants are responsible for their own heat, hot water and electric utilities.
816 N. Leavitt offers the opportunity for a new investor to acquire a modernized 6-unit apartment building with a desirable unit-mix and additional rental upside in a continuously evolving neighborhood.