Peak Properties, LLC has been instrumental in the purchase of a 14-unit vintage apartment building and tapped to manage another vintage property in the Ukrainian Village neighborhood as they continue to expand their investment and property management portfolio which now exceeds 8,500 units across Chicagoland.  

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.