918 W Winona St
Chicago, IL 60640
Uptown - 49 Unit Add Value MidRise · Multifamily Property For Sale · 49 Units

33 is pleased to announce the opportunity to acquire this 49 unit building in the Uptown neighborhood on the North Side of Chicago. Located just steps from Lake Michigan with easy access to both the "L" and Lake Shore Drive. The neighborhood has a healthy mix of vintage apartment buildings along with several brand new multifamily developments. Walk outside your door to endless shops, restaurants, and entertainment. This building was converted to condos in 1984. Buyers could update the remaining vintage units with newer kitchens & baths. Now is the opportunity to purchase the 49 condos and dissolve the condo association. Property Highlights: -Mix of studios & 1 beds (ranging from vintage to condo quality) -One bedroom units have living and dining rooms -10 year old boiler system gives opportunity to remove expense during renovation - Roof has been kept in good shape and provides an option to add roof top amenity with Lake views - Electric has been updated and elevator has separate electric system -New mechancials for the passenger elevator - Large above ground basement spaces with light provide opportunity to add amenity space This is an excellent opportunity to own a 49 unit building in the booming Uptown neighborhood, just a block from Lake Michigan. In addition to bringing the units to market rents, a new owner can update kitchens, baths, build amenity space including roof deck & more. Additionally, a buyer has the opportunity to remove the boiler system and convert the units to individual HVAC thus lowering operating expenses and increasing rental rates.