Hansen Realty

🏢 From Setback to Opportunity: The Story of 2928 N Milwaukee Avenue 🏢

In 1998, 2928 N Milwaukee Avenue sold for $390,000, a prime investment at the time. Fast forward to 2024, and this mixed-use building is now in foreclosure, listed at $271,000. This property’s journey highlights the dynamic nature of real estate, where one person's misfortune can become another's opportunity.

While economic shifts and maintenance costs impacted its value, the building still offers significant potential. Located at Milwaukee & Central Park, it includes commercial space, residential units, and ample parking.

This story reminds us that in real estate, as in life, today's setback can be tomorrow's golden opportunity.



– Rick Hasen

Reflecting on an incredible journey: In 1979, I purchased a frame building with a vacant lot for just $24,000. Over the years, I transformed this space, constructing an office for Hansen Realty, three residential units, and adjacent parking.

Today, I'm thrilled to share that in 2024, I sold the building
for $1.4 million and the lot for $600,000. This journey has been a testament to
the power of vision, perseverance, and the dynamic nature of real estate.

https://hansenrealty.com/

Investment Opportunity: In Chicago’s south side Opportunity Zone
Price: Price Symbol6,650,000
Property Description:
Experience the Best of Chicago's Southside! Introducing our premier Property Portfolio in the vibrant Auburn Gresham / Chatham area. Discover 70 units across 23 properties, strategically located in opportunity zones and occupied by Section 8 voucher holders. With most properties being well-maintained brick 3 flats, enjoy a close-knit community feel in a booming neighborhood. Benefit from attractive cash flow, updated units, and the potential to increase value with in-unit laundry. Seize this exceptional investment opportunity and be part of the Southside's transformation!

Investment Highlights
🌟 Prime Location: Nestled in the up and coming Southside of Chicago, our portfolio is strategically situated in the vibrant Auburn Gresham / Chatham area. This dynamic neighborhood is experiencing a resurgence, offering tremendous growth potential and attractive investment prospects.

🏘️ Diverse Property Types: Immerse yourself in the charm of brick 3 flats! Our portfolio boasts a tight cluster of these well-maintained properties, creating a sense of community over a few square blocks. These units have been thoughtfully updated and are in excellent condition, ensuring an attractive and comfortable living experience for tenants.

💼 Strategic Opportunity Zones: Most of our properties are located within opportunity zones, offering significant tax benefits and incentives for investors. Capitalize on these advantageous zones and enjoy potential long-term appreciation while making a positive impact on the community.

🔒 Secured Income: The majority of our properties are occupied by tenants with Section 8 vouchers, providing a stable and reliable income stream. Benefit from the consistent cash flow while contributing to affordable housing initiatives.

💰 Value-Add Potential: Enhance your investment further by capitalizing on the value-add opportunity within the portfolio. By introducing in-unit laundry facilities, you can attract higher-paying tenants and increase rental income, maximizing your returns.

Don't miss out on this incredible chance to invest in Chicago's thriving Southside! Contact us now to explore this Property Portfolio and start your journey towards financial success.
Key Features:
Property Type: Multifamily/ApartmentBullet Point -
8.2% Cap Rate

Joseph Braun
773.477.4455
Hansen Realty