747 N May St
Chicago, IL 60642
22 Room High End Apartment Hotel · Office Property For Sale

Interra Realty has been exclusively engaged to market a beautifully rehabbed twenty-two (22) room Apartment Hotel in the increasingly popular River West Neighborhood. The property is perfectly located one block from the Blue Line CTA. The entire property was recently gut rehabbed and features high end studio units with white quartz counter tops, stainless steel appliances, custom cabinetry, hardwood floors, and in unit washer and dryer. New electric, plumbing, are HVAC installed throughout. The entire property is master leased to Ginosi Apartels and Hotels, a travel accommodation that fuses the concept of a hotel with the conveniences of a fully furnished apartment. Ginosi has signed a master lease for 5 years through 2022 with a 5 year option at a 15% rent escalation. All management and maintenance of the property is done by Ginosi Apartels and Hotels.