2149 W Division St - Apartments FOR SALE


Chicago, IL 60622- Ukrainian Village
$2,295,000 USD
312-342-8938
2149 W Division St, Chicago, IL for Sale
$2,295,000 USD
Apartments - FOR SALE
1/12
null | 6.23% Cap Rate

2149 W Division St
Chicago, IL 60622
Ukrainian Village


HIGHLIGHTS

  • Easy to rent units in Wicker Park / Ukrainian Village
  • Long term retail tenant (24 years) - Lease has (3) years left with 3% annual increases
  • Attractive coop commission (2.25%)

OVERVIEW

The Property features five fully renovated apartment units plus a long- term retail tenant. The apartments underwent a complete gut renovation in 2016 that included new hardwood flooring, in-unit washers and dryers, upgraded kitchens with granite countertops, stainless steel appliances, garbage disposals, and modern cabinetry. Each unit also received fully updated bathrooms with new cast iron drain piping, copper plumbing, 2-inch copper water service, plus a 400-amp electrical upgrade, comprehensive rewiring with new panels and modern safety features, hardwired smoke and CO detectors, high- speed internet connections in every room, emergency lighting, and new interior doors and trim. The brick façade was also rebuilt, enhancing the Property’s structural integrity and aesthetic appeal.

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$402 USD /SF

# OF UNITS

6

PRICE/UNIT

$382,500

CAP RATE

6.23%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1904

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

50

APN/PARCEL ID

17-06-302-004-0000

ASK ABOUT THIS PROPERTY

Brian MooreARNI Realty IncorporatedMore Info
312-342-8938

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Brian MooreARNI Realty IncorporatedMore Info
312-342-8938

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