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2200 Cortez Street, Chicago, IL

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2200 Cortez Street

Chicago, IL 60622 - Ukrainian Village MF Submarket

Property Type:Multi-Family Number of Units:7 Status:Existing Year Built:1913
Stories:3 Building Size:7,644 SF Land Area:.19 AC (8,237 SF)
For Sale Price:$2,150,000 Price/Unit:$307,142.86 Cap Rate:5.70 % GRM:-


Historic Ukrainian Village location

Sale Notes:
This offering consists of two [2] properties located at 2200 W. Cortez and 2206 W. Cortez in Chicago's Ukrainian Village neighborhood. The building is a six [6] unit walk-up while 2206 W. Cortez is an adjacent parcel of land improved only with a small garage. The unit mix consists of three [3] 3/1 and three [3] 2/1 apartments. This fully leased building features favorable layouts and many updates to both the units and base building. Tenants have dedicated storage and coin-op laundry onsite in the basement. Unit updates include central air and upgraded kitchens and baths. Building updates include new porches and hot water tanks as well as recent tuck pointing and lintel work. This is an unusual opportunity to own an upgraded vintage apartment building in an exceptional neighborhood - as well as an adjacent extra wide lot. Also ideal for a buyer who intends to live onsite.

Monarch Realty Partners
Brian Semel
(773) 710-4650

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