1143 N Wells St - Apartments FOR SALE


Chicago, IL 60610- Near North Side
$3,200,000 USD
217-398-1111
1143 N Wells St, Chicago, IL for Sale
$3,200,000 USD
Apartments - FOR SALE
1/14
null | 5% Cap Rate

1143 N Wells St
Chicago, IL 60610
Near North Side


HIGHLIGHTS

  • Great walk score and well suited for denser residential redevelopment

OVERVIEW

This exceptional investment opportunity features 5 residential units, including 163 W Division Units 207, 210, 211, 305, and 312, as well as 2 commercial units located at 1143 N Wells and 1145 N Wells. This property offers a blend of residential and commercial spaces in the heart of Chicago. These are high-end Airbnb units and gross leased commercial space. This property has no deferred maintenance and has potential for redevelopment into a higher density residential building. Occupancy for similar developments in the neighborhood sit at 95% and higher. Zoning could be altered to allow for even higher density than the current zoning allows.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$160 USD /SF

# OF UNITS

7

PRICE/UNIT

$457,143

CAP RATE

5%

% 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

3

YEAR BUILT

1981

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C1-5

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Noah RuggieriSVN - Ramshaw Real Estate, Inc.More Info
217-398-1111

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Noah RuggieriSVN - Ramshaw Real Estate, Inc.More Info
217-398-1111

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