Bender Companies, a vertically integrated multifamily investment firm, is excited to announce its acquisition of 1340 W Morse, located in the vibrant Rogers Park neighborhood on Chicago’s north side. This property, built in 1969 and 1967, comprises two adjacent 4+1 construction buildings, totaling 110 units. Situated in a prime location near Loyola University Chicago, a key driver for local restaurant and amenity developments, 1340 W Morse is also just a short commute to Evanston, home to Northwestern University and several notable public and private schools.

“1340 W Morse, offered a great opportunity to assume the property’s existing debt at a favorable 2.67% interest rate with six years remaining on the term,” said Kurt Bender, Founder and Principal of Bender Companies. “We plan to make light unit upgrades and electrical improvements to enhance the property. This marks our first investment in the city of Chicago, and our eighth acquisition in partnership with Eastham Capital. We are excited to continue our expansion in the greater Chicagoland area.”

Steps away from the CTA Red Line, 1340 W Morse offers residents easy access to downtown Chicago and is within walking distance of more than a mile of publicly accessible beaches. The property features a variety of studio, one-, and two-bedroom apartments, with spacious floor plans averaging 638 square feet. Notable in-unit amenities include hardwood floors and granite countertops. Residents also enjoy a range of on-site amenities, including a fitness center, package room, dog park, laundry facilities, bike storage, covered parking, and a courtyard gathering space complete with a firepit and BBQ stations. The property will undergo improvements and a rebranding, taking on the new name Brix on Morse.

1340 W Morse is the firm’s first acquisition in the city of Chicago and the 14^th acquisition in Illinois since 2019, bringing Bender Companies’ total number of units owned in Illinois to over 2,900.