Paper Box Lofts 153 W Ohio St 36 Unit Apartment Building For Sale Chicago, IL 60654

Interra Realty has been exclusively engaged to market 153-157 W. Ohio Street, "Paper Box Lofts", for sale. The subject investment property is a 35 unit, luxury multifamily asset in one of Chicago's most dynamic and sought after neighborhoods. The property was originally a box factory, then operated as a loft office building prior to the seller converting it to luxury apartments. The property was redeveloped without a zoning change, allowing the property to operate without any affordability restrictions.
All apartments feature high, exposed timber ceilings, abundant natural light, luxurious and tasteful kitchen and bathroom finishes, in-unit laundry, and individual HVAC. Select units have private balconies or terraces. Common area amenities include, large fitness center, multi-level rooftop deck, storage lockers, package delivery system, and well-appointed lobby.
Paper Box Lofts offers investors to acquire a rarely available, boutique multifamily asset in one of Chicago's best neighborhoods. The property is well-positioned against competitive rental stock given rarity of loft style product in a submarket with primarily new construction offerings. The property is being offered for sale free-and-clear of existing debt.