Office Space at 2620 W Washington Blvd in Chicago
Colliers is pleased to present 2620 Lofts, a mid-rise community with proven value-add potential, and scale positioned just 3 miles f rom Chicago’s Central Business District. Offering multiple paths to add value, 2620 Lofts features 68 units with multi-leveled renovations. In excellent physical condition, new ownership can focus investment capital on revenue-generating improvements to close the $705+/unit/month gap with the top of the competitive set. The asset also features a unique additional income opportunity with Co-Working space that can achieve an additonal $35,000 when fully leased. The asset is one-of-a-kind with incredible performance historical performance. Over the last 11 years, rent growth has averaged 2.5-3.0% annually and vacancy and bad debt have collectively averaged just under 2%.
Conference Room
Cowork Space
Private Offices
Photography Studio
Colliers is pleased to present 2620 Lofts, a mid-rise community with proven value-add potential, and scale positioned just 3 miles f rom Chicago’s Central Business District. Offering multiple paths to add value, 2620 Lofts features 68 units with multi-leveled renovations. In excellent physical condition, new ownership can focus investment capital on revenue-generating improvements to close the $705+/unit/month gap with the top of the competitive set. The asset also features a unique additional income opportunity with Co-Working space that can achieve an additonal $35,000 when fully leased. The asset is one-of-a-kind with incredible performance historical performance. Over the last 11 years, rent growth has averaged 2.5-3.0% annually and vacancy and bad debt have collectively averaged just under 2%.
Conference Room
Cowork Space
Private Offices
Photography Studio