SpringView Investments is proud to announce our latest purchase: three six-unit buildings in Alsip, a lovely southwest Chicago suburb with quick access to Interstates 294 & 57. Alsip is approximately 20 miles southwest of the downtown Chicago Loop.
The buildings are located on a quiet street in a well-maintained community of similarly- styled apartments. The area is within walking distance of a handful of national retailers, restaurants, and entertainment options as well.
These properties feature a brick exterior, hardwood floors and on-site parking and laundry. Each building consists of 3, two bedroom/one bath units and 3 one bedroom/ one bath units, several of which are updated with newer kitchens, baths and hardwood floors.
We feel this investment gives us the opportunity to acquire a well-maintained cash flowing portfolio in a stable market with additional rental upside.
The properties will be managed by SpringView Property Management, which manages over 400 units in the Chicagoland area from our Oak Forest office.
Many thanks to the brokers Marcus and Millichap and Monarch Realty Partners for their help and support. Also much appreciation to our lender Royal Savings Bank and to counsel, DLA Piper LLP.