$1,600,000
$1,700,000
5.9%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 09/07/2022
Key Details
Sold Price $1,600,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11443290
Sold Date 09/07/22
Maintenance Fees $1,600
Year Built 1882
Annual Tax Amount $9,043
Tax Year 2020
Lot Dimensions 3100
Property Sub-Type Multi Family 5+
Property Description
No expense was spared with this 2019 gut renovated asset in Pilsen. The property includes a mixed-use 6-unit walk-up building and a 2-unit coach house. With the recent renovation, this building has some of the nicest apartments in area. The walk-up contains (3) 2-bed / 1-bath units, (2) 1-bed / 1-bath units, and one retail store front. The coach house contains (2) 1-bed / 1-bath apartments. A new owner has the ability to increase the below market rents from covid to market. Strong, stable retail tenant with great presence in neighborhood and online. All apartments have WD in unit, individual central heat/AC, and all updated finishes. New construction going up next door. Building is right in the heart of Pilsen's main retail corridor. Prime location in Pilsen completely turn key for less than 12x GRM and 6.32% CAP.
Location
State IL
County Cook
Area Chi - Lower West Side
Interior
Cooling Central Air
Fireplace N
Building
Level or Stories 3
Structure Type Brick
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Bought with Jeremy Schreiber • ARNI Realty Incorporated
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "