Investment Overview

INVESTMENT SUMMARY Marcus & Millichap is proud to present 905-911 West Carmen Avenue, located in the Margate Park neighborhood of Chicago, Illinois. The subject property is composed of 41 large apartments, 25 percent of which have been cosmetically renovated with upgrade kitchens and baths. There have been numerous capital improvements including upgrades to the roof and parapet walls, upgraded on-site laundry, and new skylights in the lobby. The property features a lockbox for every unit, and there is also a modern boiler with energy efficient upgrades in 2023. The subject is a two-minute walk to Chicago Transit Authority’s (CTA) 136, 146, and 148 bus stops, and a seven-minute walk to CTA’s Argyle Red Line train stop, and is within a block of Lake Shore Drive. LOCATION ADVANTAGES MARGATE PARK Margate Park is a beautiful pocket of the city located along the shoreline of Lake Michigan with access to Foster and Montrose Beaches and numerous parks and field houses. The property is located one street from Argyle Street, which is home to not only the Red Line Stop, but numerous well-known restaurants that draw Chicagoans to the area.