$1,760,000
$1,790,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
9,000 SqFt
SOLD DATE : 04/24/2020
Key Details
Sold Price $1,760,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 9,000 sqft
Price per Sqft $195
MLS Listing ID 10594653
Sold Date 04/24/20
Maintenance Fees $500
Year Built 2019
Annual Tax Amount $4,212
Tax Year 2018
Lot Dimensions 97.5 X 95 X 112 X 36.64
Property Sub-Type Multi Family 5+
Property Description
In RIVER'S EDGE OF EAST PILSEN - Walk to the South Loop and Roosevelt Cooridor. The part of Pilsen with the MOST growth potential is here - east of 90-94. THIS NEW CONSTRUCTION 5 UNIT 7+ CAPPER IN POCKET OF HOT EAST PILSEN THAT'S ABOUT TO EXPLODE. ALL UNITS LEASED WITH GROSS RENT ROLL OF $161400 ANNUAL OFFERING A 11.2 MULTIPLIER( GRM) THERE ARE FOUR LARGE JUMBO 2000 SF 3 BED LUXURY APARTMENTS AND ONE STOREFRONT. THE APARTMENTS ARE FINISHED TO CONDO QUALITY(QUARTZ COUNTERS, SS QUALITY APPLIANCES, FULL LAUNDRY IN UNIT IN EACH UNIT, ROOF VIEW/ACCESS FOR PENTHOUSE UNITS, BALCONY FOR OTHER , UPGRADED TRIM & WINDOW PACKAGE,4+ PARKING SPACES... ETC)..... COMPARE THIS mid 11 ANNUALIZED MULTIPLIER TO THE OTHER USED/OLDER REHAB COMPETITION. BEYOND THE CASH FLOW THERE IS THE APPRECIATION. THIS LOCATION IN RIVER'S EDGE OF EAST PILSEN.. NEW CONSTRUCTION PROJECTS EAST OF THE EXPRESSWAY( WITHIN BLOCKS). ........ ....WALK ACROSS THE 18th st BRIDGE ON FOOT TO THE SOUTH LOOP OR WALK UP TO ROOSEVELT TO WHOLE FOODS, ICON THEATRES AND THE WHOLE SHOPPING DISTRICT OF THE ROOSEVELT COORIDOR.... JUMP ON I90-94, I 55 in MOMENTS. TAKE METRA, BUS STOPS, EL AND METRA-- ALL NEARBY IN PILSEN.
Location
State IL
County Cook
Area Chi - Lower West Side
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
Utilities Available Sanitary Sewer, Water-Municipal
Roof Type Membrane,Reflective Coating
Building
Level or Stories 2
Structure Type Brick,Steel Siding,Stone
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Bought with Tad Lagestee • Lagestee-Mulder Rlty & Inv.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "