2-4 Flt Chicago, IL
Value-add multifamily portfolio in Chicago's West Side with upside potential.
Property size:
123 SFProperty Features for 2-4 Flt
General Information
- Size
- 123 SF
Source:
33realty
Listing Agent: Brian Mond
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
West Side Multifamily Portfolio
This portfolio consists of 16 buildings totaling 38 residential units, located in the heart of Chicago’s vibrant West Side. The properties benefit from strong connectivity and a dynamic urban atmosphere. The area features a mix of historic neighborhoods, ongoing redevelopment, and proximity to key employment hubs. Residents have convenient access to public transit, major highways, and downtown Chicago, blending local neighborhood charm with citywide accessibility. The West Side is experiencing steady growth, attracting professionals, families, and investors. The portfolio offers a value-add opportunity with potential for operational efficiencies, targeted renovations, and market-rate rent growth. Currently managed with an emphasis on stability and cash-flow preservation, the properties feature updated plumbing and heating systems. A significant portion of the tenants, 55% of the total, participate in Section 8, providing reliable government-backed rental income. Average rents are below market, presenting a clear path to improvement through unit modernization, exterior updates, and more efficient maintenance systems. Several properties are already performing at or near market rent, while others offer significant room to grow following turnover or light renovation. With city-wide rental fundamentals trending upward and demand for affordable housing remaining strong, this collection of assets provides both immediate income generation and significant long-term upside.
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6531805
- Latitude
- 41.9007097
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FAQs
What type of property is this?
Apartment building - Value-add multifamily portfolio in Chicago's West Side with upside potential.
Where is this apartment building located?
The property is located at 2-4 Flt Chicago, IL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: - Significant value-add opportunity through operational efficiencies, renovations, and market-rate rent growth.; - Stable, government-backed rental income from 55% Section 8 tenants.; - Below-market average rents provide a clear path to increased revenue.