1132 W Wilson Ave - Storefront Retail/Residential FOR SALE


Chicago, IL 60640- Uptown Chicago
$6,500,000 USD
773-293-5046
1132 W Wilson Ave, Chicago, IL for Sale
$6,500,000 USD
Storefront Retail/Residential - FOR SALE
1/4
null | 8.29% Cap Rate

1132 W Wilson Ave
Chicago, IL 60640
Uptown Chicago


HIGHLIGHTS

  • In-Place 8.29% Cap Rate
  • Located 0.2 miles from the Wilson Red Line and across the street from Truman College
  • 2015 rehabbed building with In-demand modern apartment finishes
  • 0.5 Miles from Lake Michigan

OVERVIEW

Kiser Group has been exclusively engaged to market for sale 1132-40 W. Wilson, a 44-unit mixed-use asset in Chicago's thriving Uptown neighborhood. The property is situated ideally across the street from Truman College, 0.2 miles to the Wilson Red Line, and only 0.5 miles to the lakefront. Originally built in 1911, the building shares a rich history with the neighborhood. In 2015, the current ownership extensively renovated the property into a 44-unit boutique building with ground-floor retail. Apartments were gut-rehabbed and include high-end modern finishes, granite counter-tops, flat panel cabinetry, glass-enclosed showers, in-unit laundry, and polished concrete floors. All building systems were also upgraded, including copper plumbing and 1600 amp electric service for the apartments. 1132-40 W. Wilson offers the opportunity to acquire a renovated historic asset without capex requirements in a location that will always be sought after.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$193 USD /SF

CAP RATE

8.29%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,833 SF

ZONING

C1-5

APN/PARCEL ID

14-17-207-015-0000

ASK ABOUT THIS PROPERTY

Katie LeGrandKiser GroupMore Info
773-293-5046

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

Katie LeGrandKiser GroupMore Info
773-293-5046

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