“We're finding a successful niche in managing non-purpose built student housing that offers a very convenient walk to campus, the right amenities suited, and unit finishes that are similarly found in the higher end properties.  We’re considering taking this expertise to markets outside of Chicago,” says Mike Zucker, managing partner at Peak Properties.

All three properties are within walking distance from the main Northwestern University campus as well as Evanston’s vibrant shops, restaurants, and Evanston’s downtown core.

1940 Sherman Ave is an upgraded 56-unit property “that we can take to the next level,” says Zucker, and 829 Foster Street is a recently renovated property with 31 units and two commercial spaces totaling 7600 sf.

At 716-20 Clark St. the mixed-use, rehabbed vintage courtyard building features 18 large 3BR and 4BR apartments with updated kitchens and baths and 6,524 sf of commercial space.

Visit www.peakproperties.biz for more information.

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An affiliate of Peak acquired 2522-2524 West Superior steps from Smith Park for $1,825,000 from a family who had owned and meticulously cared for the building for over 90 years.   

The building features exceptionally large unique layouts with multiple exposures and generous bedroom sizes with a location two blocks from Smith Park on a residential tree-lined street. The property will go through light upgrades and leasing will start in the fall. The buyer representative was Alexander Morsch from Peak Realty Chicago.    

“The Smith Park property is probably in the best kept ‘secret’ pocket of Chicago, and this building is the largest multifamily property in the area,” says Mike Zucker, managing partner for Peak Properties, LLC. “We’re proud to be involved in the ownership and management of this 1929 gem and hope to hold it for another 90 years.”   

Additionally, Peak Properties assisted a client with the acquisition of 858 N Wood St /1811 W Iowa Street, and now takes over management of the 10-unit vintage multifamily. In the heart of Ukrainian Village, the units feature one- and two-bedroom units, some with dens, hardwood floors, abundant sunlight, large rooms and a location that is second to none.  The building is steps from retail and cafes on Chicago Avenue which was recently dubbed “Restaurant Row.” 

“This is another assignment that will go, ‘full circle;’ first assisting our client with the purchase and finance, overseeing the renovation and stabilization program, and one day assisting with the potential exit,” says Zucker. 

The post Peak Properties LLC Continues To Expand Multifamily Investment And Management Portfolio Adding Two Ukrainian Village Properties appeared first on Peak Properties, LLC. Blog.