747 E 47th St - Apartments FOR SALE
Chicago, IL 60653 |
747 E 47th St
Chicago, IL 60653
HIGHLIGHTS
- 54,932 square-foot class A first floor retail shopping center built in 2014 with average weighted lease term of nearly 13-years.
- Anchored by Walmart neighborhood Market, who occupies 74.5% leaseable space.
- 100% leased to eight tenant providing stable cash flow with strong contract rent increases providing significant NOI growth throughout hold peroid.
- Located at the highly visible hard corner of E 47th St. and S Cottage Grove Ave.
- Sleek Modern design with three stories of contemporary apartments totaling 72- units.
- Dense urban environment less than 5-miles from downtown Chicago with more than 600,000 people located with a 5-mile radius.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
The Shops and Lofts at 47
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
219728
STORIES
4
YEAR BUILT
2014
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
20-10-206-036-0000,20-10-206-037-0000,20-10-206-038-0000,20-10-206-039-0000,20-10-206-041-0000,20-10-206-042-0000,20-10-206-043-0000,20-10-206-044-0000
