Nate Gautsche represented the buyer and seller in the sale of 1951 N Dayton, Chicago, IL. This was a rare value-add opportunity located on one of Lincoln Park’s premier residential blocks amongst multi-million-dollar homes and luxury condos. The unit mix consisted of all 2BR units that were approx. 1,200 SF. The lower level could be dug out to increase ceiling height for a duplex down unit with additional value-add opportunities with in-unit updates, increased rents or single-family home conversion. In addition to back porches, there also a nice shared patio for outdoor space and a 2 car garage.
4.0% Cap Rate | 14.74 GRM
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