1370 W Wilson Ave - Apartments FOR SALE


Chicago, IL 60640- Uptown Chicago
$17,300,000 USD
773-293-5046
1370 W Wilson Ave, Chicago, IL for Sale
$17,300,000 USD
Apartments - FOR SALE
1/6
null | 5.79% Cap Rate

1370 W Wilson Ave
Chicago, IL 60640
Uptown Chicago


HIGHLIGHTS

  • Expansive Arts & Crafts Style Courtyard Building
  • Studio, One, Two, and Three Bedroom Apartments
  • Modernized Unit Finishes - Stainless Steel, Granite Countertops, In-Unit Laundry
  • 0.4 Miles to Wilson CTA Red Line Station
  • 0.4 Miles to Uptown Central Business/Entertainment District
  • 0.6 Miles to Ravenswood Metra

OVERVIEW

Kiser Group has been exclusively engaged to market for sale 4601-17 N. Dover, a 65-unit courtyard building, located in Chicago's Sheridan Park neighborhood. This 1914-built asset shares a rich history with the neighborhood as part of the Dover Street District and is situated just 0.4 miles from the Wilson CTA Red Line, 0.6 miles from Ravenswood Metra, and steps from Uptown's business and entertainment district. 4601-17 N. Dover features an attractive unit mix comprised of three (3) studios, forty-five (45) 1 bed / 1 bath units, fourteen (14) 2 bed / 1 bath apartments, and three (3) 3 bed / 2 bath units. Apartments were all renovated in 2007; highlights include stainless steel appliances, granite countertops, flat-panel wood cabinets, and in-unit laundry. Roughly 75% of units have balconies overlooking the courtyard. Building amenities include a gym, landscaped grounds with a fountain and multiple outdoor patio spaces, and storage lockers for each apartment, providing renters with modern comfort in a classic Chicago setting. Located in highly desirable Sheridan Park, a historic district along Chicago's North Side, just 0.4 miles from the CTA Wilson Red Line and to vibrant Uptown. Dover offers investors a rare opportunity to acquire a renovated, strategically positioned asset. This is a generational investment in a location that consistently commands strong demand

FOR SALE DETAILS

PRICE

$17,300,000 USD

PRICE/SF

$575 USD /SF

# OF UNITS

65

PRICE/UNIT

$266,154

CAP RATE

5.79%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Neriel Lagoon

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

R-5, Chicago

APN/PARCEL ID

14-17-108-030-0000

ASK ABOUT THIS PROPERTY

Katie LeGrandKiser GroupMore Info
773-293-5046

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Katie LeGrandKiser GroupMore Info
773-293-5046

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