Property Overview:
The property is a rarely available eight unit apartment building located in Chicago’s Norwood Park Neighborhood. Norwood Park is a stable neighborhood, with strong rental demand, and low sale velocity.
The unit mix is made up of spacious one and two bedroom layouts. Four of the units have large dining rooms, which could potentially be made into bedrooms. The units have experienced updates, but maintain their vintage charm. The windows, plumbing and electrical service have been updated.
Submarket Overview:
The property is located in the Norwood Park Neighborhood of Chicago’s far Northwest Side. Norwood Park is a very desirable community, with low density and a desirable suburban feel.
The property is about a half a mile from the Norwood Park Metra Train Station, and is within walking distance of several bars and restaurants on Northwest Highway.