107th | Chicago
BWC Multifamily Fund I is a 900k raise. The Fund Consists of 49 apartment units on Chicago’s South side.
More About This Property
107th was included in BWC Multifamily Fund I. A 900k capital raise to acquire, repair and management 49 apartments on Chicago’s South side. The purchase is on course for investor distributions and getting the anticipated rental rates. In the first months of ownership we completely replaced the boiler systems and repaired a couple other deferred maintenance items to improve overall safety.
The building was purchased from a long time owner looking to retire. The value add here is in modernizing the management process for the building in order to lower expenses and improve collections. Additionally, we have already begun making cosmetic upgrades to the apartments as the units turnover.