5710 N. Winthrop & 6211 N. KenmoreChicago, IL 60660

This exceptional investment opportunity presents a portfolio of two meticulously renovated multifamily properties in Chicago's vibrant Edgewater neighborhood. The portfolio comprises 70 units, strategically divided between 6211 N. Kenmore (a 28-unit building) and 5710 N. Winthrop (a 42-unit building). 6211 N. Kenmore, a 4+1 style building, boasts twelve studio and sixteen one-bedroom/one-bathroom apartments, along with 19 parking spaces. Completed in 2018, renovations included new kitchens, bathrooms, flooring, doors, windows, updated plumbing and electrical systems, resurfaced parking, and added laundry facilities on each floor. Its proximity to Loyola University and Lake Michigan ensures consistent high demand. 5710 N. Winthrop, a corridor-style building, features twenty-five studio and seventeen one-bedroom/one-bathroom units. An extensive 18-month renovation (completed December 2020) encompassed new building electrical, updated common areas (flooring, baseboards, lighting, doors), modernized kitchens and baths with quartz countertops and shaker-style cabinetry, reconfigured floor plans for open-concept living, and new windows. Both properties offer significant rental upside, with current rents averaging 11-12% below market rates for comparable properties. Edgewater's booming development, appreciating property values, and convenient access to public transportation (Union Pacific North Metra, CTA Red Line, and bus routes), along with its thriving local amenities, make this a compelling investment. The portfolio's strong performance and significant rental upside potential position it for substantial returns. The properties are located just six miles from downtown Chicago. The total land area is 0.91 acres. The combined building size is 39,835 square feet. The asking price is $11,700,000.