• Rare opportunity to own a classic courtyard building in a prime pocket of Lakeview
• Fantastic location - the property is in close proximity to public transportation, as well as the popular restaurants and bars on Sheffield, plus Wrigleyville is one mile north, while Chicago's beautiful lakefront is one mile east
• Multiple investment strategies - the property is currently being de-converted from condos to apartment units, which means the units feature a variety of finishes. A new owner has the opportunity to either continue to run the property as-is, renovate the kitchens and bathrooms, or do an extensive renovation that includes duplexing the units to command top of the market rents
• Great unit mix with 31 units total:
o 24 - 1 bed/1 bath units
o 7 - 2 bed/1 bath units
• The property will be vacant by closing
• 9 units have in-unit laundry and the 22 units without laundry in-unit utilize the on-site laundry room (washer/dryers are leased)
• Under utilized ground floor space - currently there are 5 storage rooms, a bike storage room, multiple mechanical spaces and 1 apartment. A renovation strategy includes taking advantage of these under utilized spaces for potential duplex units, or a new owner could charge for storage (see floorplans)
• The property is located less than three minutes walking distance to the Wellington CTA station which provides access to the Brown & Purple lines to Chicago's Loop
