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River Road Apartments

Multifamily INVESTMENT

River Road Apartments

Investment lead:  Dan Howard | dhoward@29SC.com

MARKET

Chicago, IL

UNITS

16

YEAR BUILT

1959

DATE ACQUIRED

2016
Disposition Year: 2019
SOLD IRR: 29.8% Multiple: 1.8x

INVESTMENT OVERVIEW

29SC sold River Road Apartments, it was the fourth acquisition in the Chicago market. 29SC's strategy was to convert large 1-bedroom units into 2-bedroom units, upgrade interiors, and give the exterior a facelift.

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