SKOKIE, IL – 29th Street Capital (29SC) has acquired another multifamily asset located in Skokie, IL at Keeler Ave. Skokie is a sought after north shore suburb of Chicago. The Keeler property is located in a diverse market with convenient transportation to Chicago. The Property is located in an area known for excellent schools, and a strong local economy which is the combination of industrial activity, retail sales, and a flourishing business service sector. Recently, a fresh streetscape and commercial renovation has given downtown a renewed vitality that is attracting new retailers, services, and residents to the area.
The Property has been well maintained by previous management and 29SC has minimal planned renovations to refresh the value added Keeler property. Improvements include interior upgrades such as hardwood floor restoration, appliance replacements and/or upgrades, resurfacing of countertops, and update paint scheme. Exterior enhancements are limited to new windows throughout. Community features include on-site laundry, BBQ/picnic area, storage, free street parking, secured entry, as well as the availability of indoor parking.
29th Street Capital is actively pursuing additional multifamily opportunities throughout the United States. 29SC will continue to target smaller value-add deals which are below the institutional radar offering our investors above market returns.
Formed in 2009, 29SC is a privately-held real estate investment and advisory firm that employs a value-added investment strategy of acquiring residential properties as well as distressed loans across the United States. 29SC continues to identify and pursue strategic investments ahead of the broader market and below the radar of our institutional peers. Investments typically require approximately $2-10 million of equity per deal, and involve the acquisition or recapitalization of real estate assets, portfolios, or platforms. Learn more about 29SC at www.29thstreetcapital.com