1523 W Chicago Ave - Apartments FOR SALE


Chicago, IL 60642- West Town
$6,900,000 USD
312-848-6682
1523 W Chicago Ave, Chicago, IL for Sale
$6,900,000 USD
Apartments - FOR SALE
1/24
null | 6.1% Cap Rate

1523 W Chicago Ave
Chicago, IL 60642
West Town


HIGHLIGHTS

  • Gut-Rehabbed Between 2017-2019
  • Luxurious Apartment Finishes and Strong Commercial Tenant
  • Prominent Location Within the Submarket
  • Walking Distance to Retailers, Restaurants and Public Transportation

OVERVIEW

Interra Realty has been exclusively engaged to market 1523 W. Chicago Avenue in West Town. 1523 W Chicago consists of fifteen (15) apartments and an Italian restaurant tenant, Provare, in addition to an underground speak-easy. The property was gut rehabbed in 2017 with new kitchens, high end bathrooms, modern cabinets, SS appliances, quartz countertops, tile backsplash, high end matte black plumbing fixtures and garbage disposals. Apartments also include in unit laundry, individual furnaces, Nest thermostats and new door entry systems. Potential investors have the opportunity to acquire a trophy asset in a sought out Chicago neighborhood as a future 6.5% cap rate.

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$454 USD /SF

# OF UNITS

16

PRICE/UNIT

$431,250

CAP RATE

6.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1864

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

-

APN/PARCEL ID

17-08-100-010-0000

ASK ABOUT THIS PROPERTY

Joe SmazalInterra RealtyMore Info
312-848-6682

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Joe SmazalInterra RealtyMore Info
312-848-6682

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