Market
Lincoln Park Plaza
600 W. Diversey Parkway, Chicago, IL 60614
2801 N. Broadway St., Chicago, IL 60614
Investment Highlights
- List Price: Market
- Units: 256
- 57% Project-Based Section 8 Contract
- Affluent Lincoln Park Submarket of Chicago
- Value Added
- MUTM HAP Contract At Risk
- Commercial Retail Credit Tenants at street level
- Approx. 26,287 sf
Overview
The Affordable Housing Group is pleased to present the opportunity to acquire Lincoln Park Plaza. Lincoln Park Plaza presents a unique opportunity to purchase a true value-add opportunity. The property benefits from a Project-Based Section 8 rent subsidy contract covering 57% of the 256 multi-family units. The remaining 43% of residential units’ rents have achieved market rents that are higher than the HAP rents with the additional upside with a MUTM renewal. The property also benefits from the 10 commercial units which have several backed credit tenants of which most have pass-thru expenses which include NNN & NN. The subject property is in an affluent submarket of Lincoln Park in Chicago.
Important Dates
Call For Offers: TBD
Best and Final: TBD
Interviews: TBD
You will be emailed a link from BOX.com to access the due diligence items. If you are having issues accessing documents please reach out to Elisa Seccia at elisa@national-ahg.com.
John L Nguyen
Primary Listing Agent
Affordable Housing Group
- DIRECT: 714-356-5049
- MOBILE: 949-497-9100 x1
- EMAIL: john@national-ahg.com
- LIC NO.: 01303273
Jesse Elsanhuty
Primary Listing Agent
Affordable Housing Group
- DIRECT: 562-320-3614
- MOBILE: 949-497-9100 x2
- EMAIL: jesse@national-ahg.com
- LIC NO.: 01773542
Jennifer Stein
Broker of Record
JDS Services
- DIRECT: Call primary listing agent
- EMAIL: Eall primary listing agent
- LIC NO.: 471018303