Skip to main content

Multifamily

Noble Square Portfolio

1516 N Greenview Ave, Chicago, IL 60642

Listing Price: $8,725,000

Cap Rate
5.66%
Number of Units
38
GRM
9.16
Occupancy
97.0%
Price/Unit
$229,605
Price/Gross SF
$230.61
Gross SF
37,835

Investment Overview

This six-property portfolio is located in Chicago’s highly desirable Noble Square neighborhood, offering a rare investment opportunity in one of the city’s most vibrant and in-demand areas. Just steps from Milwaukee Avenue, the properties are surrounded by popular bars, acclaimed restaurants, boutique shops, and are minutes from downtown. The location offers excellent connectivity, with the Blue Line Division stop and multiple bus routes within a 5–7 minute walk, providing convenient access to major employment centers and cultural attractions across the city.

The portfolio consists of 38 units across six buildings, most of which have been renovated to offer modern, high-quality living spaces. Units feature a mix of in-unit and owned laundry, central heating, and either central or window air conditioning. Many kitchens have been upgraded with new cabinetry, stainless steel appliances, and granite or quartz countertops. Bathrooms have been thoughtfully remodeled to provide a
luxurious feel. With a diverse mix of 1-, 2-, and 3-bedroom layouts, the buildings appeal to a broad tenant base. The portfolio also includes 10 income-generating garage spaces, adding to its overall revenue potential. Long-term ownership has ensured consistent maintenance, and the properties are in excellent, move-in-ready condition.

This portfolio presents a rare opportunity to acquire six well-maintained, renovated buildings located in close proximity within a prime Chicago neighborhood. With strong tenant demand and the potential to bring rents up to market rates, investors can realize immediate value and long term growth. The combination of recent renovations, stable occupancy, and upside potential makes this an exceptional investment in one of the city’s most desirable and rapidly evolving areas.

Investment Highlights

  • Located in the desirable Noble Square, with easy access to public transportation, trendy restaurants, bars, boutiques, and close proximity to downtown Chicago.
  • 1516 N Greenview Ave (6-Units) | 1452 N Greenview Ave (6-Units) | 1350 N Greenview Ave (6-Units) | 1302 N Cleaver St (7-Units) | 1362 W Crystal St (6-Units) | 1049 N Marshfield Ave (7-Units)
  • Attractive Unit Mix | (27) 1x1, (5) 2x1, (4) 2x2, (1) 2x2.5, (1) 3x1
  • Opportunity to increase rents to market rates, providing immediate upside. The portfolio offers a rare chance to acquire six properties in close proximity to each other in a highly sought-after neighborhood.

Exclusively Listed By

Multifamily

Noble Square Portfolio

Listing Price: $8,725,000

Cap Rate
5.66%
Number of Units
38
GRM
9.16
Occupancy
97.0%
Price/Unit
$229,605
Price/Gross SF
$230.61
Gross SF
37,835

Investment Highlights

  • Located in the desirable Noble Square, with easy access to public transportation, trendy restaurants, bars, boutiques, and close proximity to downtown Chicago.
  • 1516 N Greenview Ave (6-Units) | 1452 N Greenview Ave (6-Units) | 1350 N Greenview Ave (6-Units) | 1302 N Cleaver St (7-Units) | 1362 W Crystal St (6-Units) | 1049 N Marshfield Ave (7-Units)
  • Attractive Unit Mix | (27) 1x1, (5) 2x1, (4) 2x2, (1) 2x2.5, (1) 3x1
  • Opportunity to increase rents to market rates, providing immediate upside. The portfolio offers a rare chance to acquire six properties in close proximity to each other in a highly sought-after neighborhood.

Investment Overview

This six-property portfolio is located in Chicago’s highly desirable Noble Square neighborhood, offering a rare investment opportunity in one of the city’s most vibrant and in-demand areas. Just steps from Milwaukee Avenue, the properties are surrounded by popular bars, acclaimed restaurants, boutique shops, and are minutes from downtown. The location offers excellent connectivity, with the Blue Line Division stop and multiple bus routes within a 5–7 minute walk, providing convenient access to major employment centers and cultural attractions across the city. The portfolio consists of 38 units across six buildings, most of which have been renovated to offer modern, high-quality living spaces. Units feature a mix of in-unit and owned laundry, central heating, and either central or window air conditioning. Many kitchens have been upgraded with new cabinetry, stainless steel appliances, and granite or quartz countertops. Bathrooms have been thoughtfully remodeled to provide a luxurious feel. With a diverse mix of 1-, 2-, and 3-bedroom layouts, the buildings appeal to a broad tenant base. The portfolio also includes 10 income-generating garage spaces, adding to its overall revenue potential. Long-term ownership has ensured consistent maintenance, and the properties are in excellent, move-in-ready condition. This portfolio presents a rare opportunity to acquire six well-maintained, renovated buildings located in close proximity within a prime Chicago neighborhood. With strong tenant demand and the potential to bring rents up to market rates, investors can realize immediate value and long term growth. The combination of recent renovations, stable occupancy, and upside potential makes this an exceptional investment in one of the city’s most desirable and rapidly evolving areas.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower