CRER is pleased to present a two building, 26-unit portfolio located in Chicago’s Auburn Gresham neighborhood. The two properties, located side by side, include a desirable unit mix consisting of (21) 2 bedroom and (5) 3 bedroom units. Each apartment includes spacious floor plans with updated kitchen and baths throughout.

Capital improvements to the portfolio consist of updated electric/plumbing, tear-off roof (2023), and on-site laundry and parking. The current average rent is $1,602 and approximately 85% of the total rent roll is paid by various government subsidies. This is a great opportunity for an investor to acquire a fully stabilized portfolio at a double digit cap rate and a cash on cash return of just under 20%.