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918 W Winona St
Chicago, IL 60640
Eitan Lagoon Apartments · Multifamily Property For Sale
·
49 Units
Investment Highlights
- Gut Renovated 2020/2021
- Amenitized building with fitness center, tenant lounge, elevator, conference room and additional storage
- 0.4 Miles to Foster Beach
- In-unit laundry and individual heating/cooling systems, plus quartz countertops and hotel-grade finishes
- 0.2 Miles to Lake Michigan, Lakefront trail, Margate Park
Executive Summary
Kiser Group has been exclusively engaged to market for sale 918 W. Winona, a 49-unit mid-rise apartment building located in Chicago's Margate Park neighborhood. Originally constructed in 1925, the property was gut renovated in 2020/2021 and is situated just a half block from Lake Michigan and Lake Shore Drive, and is approximately 0.4 miles from both the Argyle and Berwyn CTA Red Line stations.
918 W. Winona features six (6) studios, eighteen (18) one-bedroom/one-bath apartments, fifteen (15) two-bedroom/one-bath apartments, and ten (10) two-bedroom/two-bath apartments. Renovated to a condo-quality standard, the apartments offer open floor plans, stainless steel appliances, quartz countertops, flat-panel cabinetry, hotel-grade LVT flooring, and in-unit laundry. Residents also benefit from a full suite of amenities, including an elevator, fitness center, resident lounge, conference room, bike storage, and storage lockers.
Located in the heart of Margate Park within Chicago's Uptown community, 918 W. Winona is just 0.4 miles from the Argyle and Berwyn CTA Red Line stations, providing direct access to the Loop. Combining a turnkey renovation, modern amenities, and an irreplaceable lakefront location, the property presents a rare opportunity to acquire a high-quality asset in one of Chicago's most supply-constrained and steadily appreciating neighborhoods. This is a true generational investment positioned to benefit from the continued growth and demand along the city's North Side lakefront.
918 W. Winona features six (6) studios, eighteen (18) one-bedroom/one-bath apartments, fifteen (15) two-bedroom/one-bath apartments, and ten (10) two-bedroom/two-bath apartments. Renovated to a condo-quality standard, the apartments offer open floor plans, stainless steel appliances, quartz countertops, flat-panel cabinetry, hotel-grade LVT flooring, and in-unit laundry. Residents also benefit from a full suite of amenities, including an elevator, fitness center, resident lounge, conference room, bike storage, and storage lockers.
Located in the heart of Margate Park within Chicago's Uptown community, 918 W. Winona is just 0.4 miles from the Argyle and Berwyn CTA Red Line stations, providing direct access to the Loop. Combining a turnkey renovation, modern amenities, and an irreplaceable lakefront location, the property presents a rare opportunity to acquire a high-quality asset in one of Chicago's most supply-constrained and steadily appreciating neighborhoods. This is a true generational investment positioned to benefit from the continued growth and demand along the city's North Side lakefront.
Property Facts
| Price Per Unit | $289,796 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.76% | Lot Size | 0.19 AC |
| No. Units | 49 | Building Size | 28,900 SF |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built/Renovated | 1925/2010 |
| Zoning | RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District | ||
| Price Per Unit | $289,796 |
| Sale Type | Investment |
| Cap Rate | 5.76% |
| No. Units | 49 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 28,900 SF |
| No. Stories | 6 |
| Year Built/Renovated | 1925/2010 |
| Zoning | RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District |
Amenities
Unit Amenities
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Granite Countertops
- Hardwood Floors
- Breakfast Nook
Site Amenities
- Laundry Facilities
- Vintage Building
- Roof Terrace
- Bicycle Storage
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 450 |
| 1+1 | 18 | - | 450 |
| 2+1 | 15 | - | 707 |
| 2+2 | 10 | - | 750 |
Property Taxes
| Parcel Number | 14-08-403-031-0000 | Improvements Assessment | $551,321 |
| Land Assessment | $71,779 | Total Assessment | $623,100 |
Property Taxes
Parcel Number
14-08-403-031-0000
Land Assessment
$71,779
Improvements Assessment
$551,321
Total Assessment
$623,100
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