Chicago, IL – Rogers Park Area – 100+ Units

Pratt Blvd, Chicago IL

This is a corridor style building with 11 apartments and 11 assigned parking spaces. The property was originally re-developed for condos. By the time 2007 rolled around, no units in the building were sold and the condo market dried out. At that point the building began operating as a really beautiful apartment building. Renovations were included, new kitchens with maple cabinets, granite counters, stainless steel appliances, in-unit washed/dryers, and new bathrooms. All the units now offer new dark hardwood floors and all new windows throughout the building. Orange Properties purchased this building as an REO and consequently stabilized it as an apartment building running it at nearly 100% occupancy since acquisition.

Greenview Ave, Chicago IL

This vintage walk-up building was re-developed as a condominium conversion. The property is in Chicago’s Rogers Park neighborhood on Chicago’s north side and is conveniently located a few blocks from CTA’s public train stop. The beautiful beaches of Lake Michigan are only two blocks away. At the time of purchase the building consisted of 13 legal units all two bedroom and one bath units measuring approximately 1000 square feet. There were also three non-conforming/unfinished units that needed to be completed. Apartments have tenant-paid electric and gas, high-end finishes, individual furnaces, and in-unit laundry. Each unit offers a 50 sq ft enclosed porch that tenants can enjoy throughout the year. Orange Properties worked with Studio D Architecture to complete the design of the unfinished units and common areas. The building was purchased as an REO from a bank. Since Orange properties took over and stabilized the asset. the building has enjoyed a consistent 100% occupancy.