Pilsen Coliving 1831 S Racine Ave

Interra Realty has been exclusively engaged to bring to market 1831 S Racine, a Ten (10) unit, forty-two (42) bed co-living asset in the popular Pilsen Market. Located steps from Pilsen's popular 18th Street which was recently ranked top 30 coolest streets in the world by Timeout Magazine, the property boasts a 96 Walkscore, labeling it a "Walker's Paradise!"
This 2017 redevelopment focused on making city-living easy for tenants by offering private bedrooms within a furnished, modern apartment and offer features including hardwood flooring, quartz counter tops, stainless steel appliances and in-unit laundry. All units are professionally cleaned once a week and shared household items are restocked according to need (pots, pans, utensils, dish soap, toilet paper, and more. Amenities include a tenant lounge, fitness center, theatre room and patio in front for picnic and grilling.
The building was completely gut renovated from top to bottom and features a mix of Nine (9) Four Bed, Three Bathroom Units and One (1) triplex apartment with Six Bedrooms and Six Bathrooms. Also included is 1108 W 19th St which is a rear lot which houses twelve (12) surface parking spaces currently leased to tenants.
The property can be acquired with a loan assumption, or free and clear. Current loan: CMBS - $2,658,449 Balance (5/13/24), 5.23% Interest Rate, 9/6/2028 Maturity Date