Hutchinson Lofts 4234 N Hutchinson 18 Unit Apartment Building $5,200,000 ($288,889/Unit) 5.66% Cap Rate Chicago, IL 60618

Hutchinson Lofts presents investors the opportunity to acquire a stabilized, turnkey multifamily asset in Chicago's North Center neighborhood. Built in 2014 and still owned and managed by its original developer, the property has been meticulously maintained, with no deferred maintenance. The building offers luxury loft-style residences featuring high ceilings, oversized windows, premium kitchens, and private outdoor spaces. Amenities include heated garage parking, bike storage, and prime walkable location (Walk Score: 92) North Center is distinguished by its top-performing schools, stable housing market, and strong demographic profile, making it a preferred destination for families, young
professionals, and long-term renters.
North Center also benefits from excellent connectivity, steps from the brown line CTA and major bus routes, providing great urban accessibility. Current in-place rents trail market by roughly 13%, providing immediate upside through renewals and turns. Even after accounting for property tax adjustments, the investment offers strong cash returns.