101615 Dynamic Tri-plex BFR Chicago, IL 60653

This dynamic Bronzeville portfolio presents an opportunity to invest in a market experiencing substantial public and private sector revitalization. Comprising 27 buildings, each containing three condominium units, the portfolio offers flexibility for investors to purchase in bulk or smaller packages. Each unit features 3 bedrooms and 2 bathrooms within a 1350 square foot layout, complemented by a detached one-car garage. The properties boast high-end condo finishes and convenient access to the University of Chicago, Illinois Institute of Technology (IIT), the Green Line, and the lakefront. The 81 homes offer multiple exit strategies, including individual sales or bulk sales post-stabilization. Projected stabilized rents are conservatively estimated at $2,650 per month. The location in Bronzeville, on Chicago’s South Side, is known for its rich African American history and culture. Recent revitalization efforts and economic development initiatives have focused on local businesses, community organizations, and infrastructure projects. The neighborhood offers a mix of traditional public schools, charter schools, and magnet programs, with institutions like the Walter H. Dyett High School for the Arts and the Bronzeville Classical Elementary School. The area's historic landmarks and vibrant arts scene attract tourists and residents alike, contributing to its dynamic community spirit. All homes are anticipated to be completed by Q3 of 2024.