2816 Pillsbury Ave

Recent Capital Improvements – Part of the roof replaced in 2024, new boiler installed in 2024, and water heater replaced in 2019, reducing near-term capital expenditure needs.
Unit Upgrades Underway – 13 of 23 units feature updated kitchens and bathrooms, supporting strong market rents and future upside.
New Windows in Select Units – 4 of the 23 units have brand-new windows, improving energy efficiency.
Balconies for Majority of Units – 14 of 23 units include private balconies, enhancing tenant appeal and retention.
Off-Street Parking for All Units – Dedicated off-street parking available for all 23 units, a strong amenity in this submarket.
Prime Location Near Retail & Transit Corridors – Conveniently located near Lake Street retail hubs and major highways, providing easy access to shopping, dining, and commuter routes.
Strong Rental Market Fundamentals – Market rents in the area support continued growth and long-term investment stability.
Month-to-Month Leases – Flexible lease structure allows new ownership to quickly reposition rental rates and optimize operations.
Stable Occupancy – Historically strong occupancy with low year-to-year vacancy, providing reliable cash flow.

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