The Rinehart Building

Investment Overview

Mixed-use multifamily asset holds two buildings on a single tax lot comprised of two commercial units and a total of seven apartments. The Rinehart Building on the corner of N. Williams & N. Monroe, includes office and retail storefront suites and five 1bd/1ba apartments on the 2nd level. This historical building underwent complete renovation in 2014. The Monroe Building, a 2014 new build duplex, encompasses a 1bd/1ba & a 2bd/1.5ba apartment with rooftop terrace. The buildings share secure garbage/recycling, storage and bike room access.

Investment Highlights

• 100% occupied
• Seismically upgraded
• Two commercial units w/abundant basement storage
• Seven residential units: six 1bd/1ba + one 2bd/1.5ba w/rooftop terrace
• Ample street parking and easy transportation access
• Traffic count: 7,910+ cars per day + ample bike traffic
• Secure/gated access to trash/recycling/bike storage
• Below average market apartment rents offer upside
• 92 Walk Score and 100 Bike Score
• Two income producing buildings on single tax lot