248 Lake Street | Chicago, IL 60640
Location: Chicago, Illinois; suburban submarket
Product type: garden multi-family, built 2001; class A
Built in 2001; no major renovation since construction
Unit mix: 54 one-bedroom, 78 two-bedroom, 24 three-bedroom; 156 units in total
Submarket: suburban Chicago; commuter suburb with new-household growth above the metro average
Projected 12.7% levered IRR and a 1.90x equity multiple over a 6-year hold
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