Greenstone Partners is excited to announce the marketing of 2405 W. Hutchinson Street and 1509 N. Western Avenue in Chicago, Illinois. 2405 W.
Hutchinson Street is listed at $15,950,000, and 1509 N. Western Avenue is listed for $7,650,000. Greenstone Partners Senior Director Jordan Multack is exclusively marketing both properties.
2405 W Hutchinson Street is a 48-unit property with 3,074 leasable square feet of retail. Built in 2020, the North Center property has a mix of studio, one-bedroom, and two-bedroom units. The apartments feature brand-new quartz countertops, white cabinets, stainless steel appliances, separated HVAC, dishwashers, on-site parking, and laundry in-units. The building also features garage parking with two EV charging stations and 46 standard parking spaces.
“This is a turnkey investment opportunity to acquire a stabilized asset in a great location,” said Multack. “With a current mix of market rate and ARO residents, there is still an opportunity to raise apartment rents to market values with minimal capital expenditures.”
“This Wicker Park property is another stabilized, turnkey investment opportunity,” said Multack. “Rents are currently 10% below market rate, and the property has exceptional access to public transit.”
Greenstone Partners has served the needs of private and institutional investors for over a decade. Greenstone Partners strives to offer top-tier service to its clients by providing a comprehensive suite of services – including investment sales, in-depth analysis, and advisory services – by its team of experienced professionals. Through 2023, Greenstone Partners closed more than $3,000,000,000 in transaction volume.
