The subject property is a four unit apartment property in the North Center neighborhood of Chicago. The property consists of two separate buildings with two units each, joined by a common porch. In the front building, there is one (1) two bedroom, one bathroom unit (1175sf) and one (1) one bedroom, one bathroom unit (900sf). There is also a non-conforming two bedroom, one bath garden unit (1125sf) in the front building that is currently leased. The rear unit has 2 two bedroom, one bathroom units (1000sf) and houses one washer and one dryer (landlord owned) in the basement.

All of the units have separate HVAC systems and the tenants pay their own utilities. Most of the kitchens have been upgraded with modern appliances and cabinetry. There are hardwood floors throughout the building.

The asset is located in a strong north side rental market with low velocity. The opportunity with this asset is to acquire a well located property that requires little capital expenditure, bring the rents up to market (see rent survey) and have a steady cash flow with minimal management responsibility.