1103 W Grand Ave - Apartments FOR SALE


Chicago, IL 60642- West Loop
$1,100,000 USD
312-254-0307
1103 W Grand Ave, Chicago, IL for Sale
$1,100,000 USD
Apartments - FOR SALE
1/40
null | 7.51% Cap Rate

1103 W Grand Ave
Chicago, IL 60642
West Loop


HIGHLIGHTS

  • One block from Fulton Market
  • West Town is one of Chicago's most dynamic & sought-after places to live, work, & explore.
  • Close proximity to Chicago's Loop & Lakefront

OVERVIEW

470 North Aberdeen presents a compelling value-add opportunity for investors. The asset offers immediate upside through the completion of the remaining ground floor residential unit and the ability to re-lease the soon-to-be vacant, recently renovated second and third-floor apartments at full market rates during the peak leasing season. The property also benefits from a stable income stream, with the retail portion 100% leased through December 2033. Zullo's Catering, a long-standing tenant since 2009, anchors the retail space with a strong lease commitment in place through the end of the term; 12/23/33. Third-party contractors have estimated the cost to complete renovations on the unfinished ground floor unit at approximately $50,000.*

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$269 USD /SF

# OF UNITS

4

PRICE/UNIT

$275,000

CAP RATE

7.51%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,750 SF

ZONING

M2-2

APN/PARCEL ID

17-08-247-021-0000

ASK ABOUT THIS PROPERTY

Kevin RocioROC Advisory Group - @properties CommercialMore Info
312-254-0307

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Kevin RocioROC Advisory Group - @properties CommercialMore Info
312-254-0307

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.