33 Realty LLC (“33”) is pleased to announce the opportunity to acquire 924 W Newport (“the property”) a
rarely available walk-up building in Chicago’s Lakeview Neighborhood. The property is located in an ideal
neighborhood for young professionals who want to experience all that the famous northside
neighborhood has to offer. Whether it be the vibrant night life, gourmet dining options, accessibility to
public transportation, proximity to Lake Michigan, or walkability to Wrigley Field, the property is a perfect
base camp for any young professional to explore the best that Chicago has to offer.
The property provides an investor a unique opportunity to acquire an asset that has undergone a
substantial renovation as well as implementation of professional management services. Recent
improvements to the property include:
• Renovation of all kitchens with granite counter tops, dishwashers and granite counters
• Renovation of bathrooms with pedestal sinks, tile floor and tile shower surrounds
• Dark stain and refinishing of original hard wood floors or vinyl replacement
• Addition of closet organizers
• Addition of in-unit washer and dryer
• New electrical service, drop and runs
• Addition of Butterfly keyless entry system
• New leases signed to roll off in prime rental season
• Implementation of ratio utility billing system (‘RUBS”) for existing tenants
The property has an excellent current unit mix of one (1) two-bedroom, one-bathroom unit; sixteen (16)
one-bedroom, one-bathroom units; and six (6) studio units. The property presents an investor the
opportunity to acquire a turn key asset with incredible density in one of Chicago's most sought after
locations. Additionally, an investor could maximize current vacant basement space to add a bike room
or amenity room for the property.
