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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