Investment Overview

Marcus & Millichap is pleased to present The Vivian, located in Rogers Park, Chicago, presents a unique investment opportunity with 65 percent of its units renovated and 35 percent awaiting renovation, offering significant upside potential for a new investor. The property comprises 160 residential units and five commercial spaces, making it a substantial and diverse investment opportunity. One of the key highlights of this building is its well-established retail tenants, including the nationally recognized brand, 7-Eleven. These established tenants provide stability and consistent rental income for the property and still offering upside to a new investor. The building also features a stunning rooftop party room and deck, providing residents with a beautiful space for gatherings and enjoying views of the surrounding area. This amenity adds significant value and appeal to potential tenants, enhancing the overall desirability of the property. Location-wise, the building is strategically positioned close to Lake Michigan, Loyola University, and public transportation options. This proximity to major amenities and transit hubs not only makes the property attractive to renters, but also contributes to an excellent walk score, appealing to a wide range of potential residents. With a mix of renovated and unrenovated units, there is an opportunity for a new investor to capitalize on the market demand by completing the renovation process and potentially increasing rental rates or property value. This renovation upside coupled with the established retail tenants and desirable amenities make this building an enticing investment opportunity in the vibrant Rogers Park neighborhood.