PROPERTY LISTED
Essex is pleased to announce the closing of 24 units in South Shore neighborhood in Chicago. Building had deferred maintenance and captial expenses that the new buyer will address and repair some units increasing rents 17% to market.
LOCATION DETAILS
South Shore
HIGHLIGHTS
- Cap Rate 10.53% with value-add play
- Value Add Opportunity with under market rents
- Central Boiler with baseboard hot water heat