Triton Realty Group, LLC presents for purchase 703-09 N. Hamlin & 3752-56 W. Huron, a newly remodeled 14 unit apartment building located in the popular Humboldt Park neighborhood of Chicago. The property sits on a massive lot on the southeast corner of Hamlin Ave. and Huron Street, just south of Chicago Avenue and near the ever popular Humboldt Park. The property is conveniently located less than mile from the CTA Green line station at Pulaski, 1.2 miles from the Kedzie Metra Rail Station, and in close proximity to numerous bus stops.
Renovated in 2021, the building is comprised of an excellent unit mix of eight (8) 2 bed/1 bath units, four (4) 1 bed/1 bath units and two (2) additional legal garden apartments featuring one (1) 3 bed/1 bath apartment and one (1) 2 bed/1 bath apartment. Each unit was completely redesigned into luxury apartments with renter’s needs in mind. Cosmetic updates include new hardwood flooring, crown molding, modern kitchens with 42" shaker cabinets, butcher block countertops, stainless steel appliances, finely tiled backsplash, exquisitely tiled marbled bathrooms. In addition to its cosmetic finishes, the building also features gas forced tenant paid heat, a new roof, a new porch system, updated plumbing and a new exterior security camera system.
703-09 N. Hamlin & 3752-56 W. Huron presents new investor with the opportunity to acquire a renovated asset with great in-place cash flow and an ideal location within an appreciating submarket. A new investor can realize greater returns by gradually increasing rents to higher market levels over time
Pro Forma Cap-Rate
• Opportunity to acquire a renovated asset with great in-place cash flow and an ideal location within an appreciating submarket.
• Cosmetic updates include new hardwood flooring, crown molding, modern kitchens with 42" shaker cabinets, butcher block countertops & SS appliances.
• Priced to sell at a 7% cap rate on current income.
• Gas forced tenant paid heat, a new roof, a new porch system, updated plumbing and a new exterior security camera system.
• Offered individually or as a portfolio with 1615-19 W. Highland & 4723-25 S. Forrestville.