PROPERTY LISTED
Essex Realty Group, Inc. has been engaged to exclusively market for sale 16-18 N Lorel Ave, a 23-unit MOD Rehab apartment building located in Chicago’s Austin neighborhood.
LOCATION DETAILS
16-18 N Lorel Ave.
HIGHLIGHTS
- Affordable Housing MOD Rehab Property, HAP Contract Renewed Annually
- Project Based Vouchers for All Units; Occupancy Guaranteed by Program
- Opportunity to Convert to Rental Assistance Demonstration (RAD) Program
- Favorable Mix of Almost Entirely [96%] Two and Three Bedroom Units
- Operated and Maintained by Long Term Local Owner
- Individual Furnaces / Individual Hot Water Tanks