2008/2009 construction with 2022 remodel, this architecturally forward thinking and impeccably designed Edgewater modern development is a short walk to the lakefront and CTA transit. 5731 and 5733 N. Winthrop are two absolutely stunning side-by-side four-flats offering a rare turnkey investment in the popular Edgewater neighborhood.
Each property has one (1) 4 bed / 2 bath duplex-up penthouse unit with 2,000+ sf of living space and one of the best private roof decks you will find in the city. There are also three (3) jumbo 3 bed / 2 bath apartments in each building with 1,500+ sf of living space and massive 350 sf private outdoor patios.
Floor to ceiling windows provide beautiful natural light, open layouts crafted with high-end residents in mind showcase ample dining and living areas with large bedrooms including deep closets. Designer inspired stylish kitchens, stainless steel appliances, modern waxed floors, quartz counter-tops and islands, wine fridges, luxury styled bathrooms and in-unit laundry provide residents with a condo quality apartment.
All units are separately metered with central HVAC minimizing owner expenses. 12 tandem parking spaces provide additional income. Aside from the properties being
astounding, the neighborhood has everything one would desire and cater to both the local Edgewater population and to the nearby Loyola University student population.
This opportunity is offered as a portfolio though ownership will consider selling off each building individually. This stabilized investment opportunity provides new ownership a solid return for many years to come.
6.18% Cap Rate, 10.97 GRM