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Apartments For Sale • 28,233 SF
| Subject is a 22-unit residential (plus one commercial unit), operating through a reputable nonprofit single-tenant master lease through 2034. |
| In Chicago’s urban core neighborhood of Austin, dedicated to helping local families experiencing homelessness, ensuring stable rental income. |
| Modified net lease has most expenses fully recoverable or capped, a guaranteed annual income of $338,745, and attractive 3% escalations. |
| After 2034, the master lease offers one option to extend by five years. |
| 2020 rehab upgraded electric, water and gas services, copper plumbing, new HVAC, water heaters, kitchens, bathrooms, roof upgrades, etc. |
| Social Impact Investment |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Grand/Cicero Station (Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra), North Central Service - Northeast Illinois Regional Commuter Railroad (Metra)) | 8 min | - | 2.7 mi |
| Kedzie Station (Union Pacific West Line - Northeast Illinois Regional Commuter Railroad (Metra)) | 6 min | - | 2.8 mi |
| Transit/Subway | Drive | Walk | Distance |
| Cicero Station (Green Line) (Green Line - Chicago Transit Authority "L" Trains (The "L")) | 2 min | 14 min | 0.7 mi |
| Laramie Station (Green Line - Chicago Transit Authority "L" Trains (The "L")) | 2 min | 15 min | 0.8 mi |
| Airport | Drive | Walk | Distance |
| Chicago Midway International | 12 min | - | 6.9 mi |
| Chicago O'Hare International | 27 min | - | 14.8 mi |
