Location

EXECUTIVE SUMARY:

River North Village was built in 1973 and has been well maintained over the years. This community boasts 20 spacious one-bedroom and one-bath units, each measuring 706 square feet, and 12 two-bedroom and one-bath, measuring 775 square feet. Ownership has upgraded 20 units (12 one-bedroom and 8 two-bedroom units), with over $250k in capex towards renovating units, new appliances, vinyl flooring, kitchen cabinets, bathroom vanity, new countertops, and stainless-steel appliances.

River North Village is equipped with an on-site office, property security system, tenant storage area, and landlord-owned laundry, including four washers and four dryers. The roof and windows were replaced in 2017 and hot-water tanks were replaced in 2021. New ownership can build an additional 24 units on the included vacant lot. Utilities at the property include landlord-paid water and gas with a RUBS (resident utility billing system) for gas and tenant-paid electric.