2629 N Hampden Ct - Apartments FOR SALE


Chicago, IL 60614- Lincoln Park | 
$2,500,000 USD
312-952-6099
2629 N Hampden Ct, Chicago, IL for Sale
$2,500,000 USD
Apartments - FOR SALE
1/10
null | 5.51% Cap Rate

2629 N Hampden Ct
Chicago, IL 60614
Lincoln Park


HIGHLIGHTS

  • Within One Block of Lincoln Park and Chicago's Lakefront
  • Rental Upside As-Is or Through Renovations
  • Recent Cap-Ex Includes: Elevator modernization, Tuckpointing, Roof (4-YO), Boiler (6-YO) & Water Heaters (10-YO)
  • Close Proximity To Retail & Nightlife on Clark Street

OVERVIEW

Kiser Group is pleased to present the bulk sale of 17 condominium units and 3 parking spaces at 2629 N Hampden Ct. The bulk sale contains 17 out of 67 condominiums in the building, which represents a 21.5% ownership stake in the entire condominium association. This bulk unit sale consists of thirteen (13) studio units and four (4) 1 Bed/1 Bath units. Units 308 and 402 recently received very light cosmetic renovations and large subsequent rent increses. The rest of the units are in vintage condition yet still significantly under market rent. The association has recently completed multiple cap-ex projects including elevator modernization. Hallway repainting and recarpeting will begin shortly- purchaser will not be responsible for payment of that project.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$321 USD /SF

# OF UNITS

17

PRICE/UNIT

$147,059

CAP RATE

5.51%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North Hampden Condominiums

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,555 SF

ZONING

RM-6

APN/PARCEL ID

14-28-318-069-1007,14-28-318-069-1013,14-28-318-069-1046,14-28-318-069-1050,14-28-318-069-1054,14-28-318-069-1056,14-28-318-069-1076,14-28-318-069-1098

ASK ABOUT THIS PROPERTY

Andy FriedmanKiser GroupMore Info
312-952-6099

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Andy FriedmanKiser GroupMore Info
312-952-6099

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