Cook, US
NEW HI END 4 UNIT. LUXURY CONSTRUCTION 3 HUGE APARTMENTS & 1 STOREFRONT OFFICE READY FOR YOUR PORTFOLIO. THIS 7+ CAPPER LIES IN THE EASTERN MOST POCKET OF PILSEN BORDERING THE SOUTH LOOP & SITS ON A RARE EXTRA LONG LOT THAT ALLOWS FOR HUGE 106' LONG BUILDING AND DOULBE THE PARKING SPACE(34' long spaces fit 2 cars tandem). IT'S WELL PRICE IS EVIDENT IN IT'S GRM WITH A MULTIPLIER OF 11.5 + and IT'S A NEW BUILT- WHY BUY REHABS WHEN YOU HAVE CONDO QUALITY TO CASHFLOW FOR YEARS AS THE PLANNED UNIT DEVELOPMENT GOES IN ACROSS THE STREET AND THEN SELL CONDO LATER. LOCATION IN "RIVER'S EDGE OF EAST PILSEN" IS ABOUT TO APPRECIATE. THIS 4 UNIT BUILDING IS UNDER CONSTRUCTION AND FINISH DATE IS MAY 2020. BASED ON MARKET RENT COMPARABLES FROM WITHIN 3 BLOCKS ONCE FULLY RENTED.....ONE STOREFRONT AND THREE LARGE 3 BED 2.1 BATH LUXURY APARTMENTS WILL BE FINISHED ABOVE CONDO QUALITY(QUARTZ COUNTERS, SS QUALITY APPLIANCES, FULL LAUNDRY IN UNIT IN EACH UNIT, ROOF VIEW/ACCESS FOR EACH UNIT, FRONT AND REAR BALCONY FOR EACH. 2 PARKING SPACES(TANDEM) FOR EACH UNIT. THIS LOCATION IS ACROSS THE STREET FROM A MULTI-BUILDING PLANNED UNIT DEVELOPMENT OF 320+ RESIDENTIAL UNITS AND A MID-RISE RETAIL COMPLEX AND 2 BLOCKS FROM "RADIUS" ...A 4000 SEAT PLANNED MUSIC VENUE ON CERMAK. OVER 12 NEW SCATTERED SITE RESIDENTIAL NEW CONSTRUCTION PROJECTS ALSO UNDERWAY WITHIN 3/4 MILE ...... 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. EMAIL FOR OM
Courtesy Of: Better Living Realty
General Features
- List Date:
- 01/08/2020
- Foundation Type:
- Concrete
Interior Features
- Agent Owned/Interest:
- No
Exterior Features and Amenities
- Area:
- CHI - Lower West Side
- Lot Dimensions:
- 25 X 154
- Exterior Building Type:
- Brick,Block
Financial
- Gross Rental Income:
- $153,000.00
- Update Date:
- 2020-09-01T15:20:20
- Taxes:
- 4000
- Status Date:
- 2020-01-14T06:05:37
- Net Oper Income:
- $129,640.00
- Market Time:
- 256
- Listing Market Time:
- 256
- Listing Type:
- Exclusive Right To Sell
- List Date Received:
- 2020-01-09T02:33:36
- Electricity Expense:
- 400
- Cooperative Compensation:
- AS A PERCENTAGE OF THE NET SALE PRICE. THE NET SALE PRICE IS THE GROSS SALE PRICE MINUS AMOUNTS TO BE CREDITED OR PAID TO THE BUYER, AS REFLECTED IN THE INITIAL SALES CONTRACT. FOR COMMERCIAL LEASE PROPERTIES, NET COMPENSATION MAY BE PAID ON NEGOTIATED VA
Other Features
- Green Features:
- Low flow commode,Low flow fixtures
- Approx Year Built:
- 2020
- Zoning Type:
- MULTI
- Are any property photos virtually staged?:
- Yes
Directions
From Halsted to Canalport East to Property . From South Loop just over bridge of 18th turn left on Canalport to property.
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Data last updated: 2025-12-07.
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