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The twin brick buildings were purchased in a distressed state with multiple code violations, necessitative a full interior, gut renovation. The renovation plan enabled a complete redesign of unit floor plans to ensure desirable, optimal layouts for top tier, luxe rentals in one of Chicago's best neighborhoods.

4049-51 N. Broadway

wrigleyville residential rehab

DATE PURCHASED: JANUARY 2025

PURCHASE PRICE: 5.7M

TOTAL PROJECT BUDGET: 13.1M

UNITS: 50

DEAL LEVEL RETURN : 40% IRR + 3.1 EQM