5710 N Winthrop & 6211 N Kenmore Chicago, IL 60660

This investment portfolio features two multifamily properties located in Chicago's Edgewater neighborhood, comprising a total of 70 units. The properties are divided between 6211 N. Kenmore, a 28-unit building, and 5710 N. Winthrop, a 42-unit building. The 4+1 style building at 6211 N. Kenmore includes twelve studio apartments and sixteen one-bedroom/one-bathroom apartments, along with 19 parking spaces. Renovations completed in 2018 included new kitchens, bathrooms, flooring, doors, windows, updated plumbing and electrical systems, resurfaced parking, and added laundry facilities on each floor. The corridor-style building at 5710 N. Winthrop features twenty-five studio and seventeen one-bedroom/one-bathroom units. An 18-month renovation completed in December 2020 encompassed new building electrical, updated common areas (flooring, baseboards, lighting, doors), modernized kitchens and baths with quartz countertops and shaker-style cabinetry, reconfigured floor plans for open-concept living, and new windows. The combined building size is 39,835 square feet on a total land area of 0.91 acres. Both properties offer rental upside, with current rents averaging 11-12% below market rates. The properties are located six miles from downtown Chicago and near Loyola University and Lake Michigan, with convenient access to public transportation (Union Pacific North Metra, CTA Red Line, and bus routes).