Chicago Lawn Mixed-Use Property

Multifamily / Garden Apartments / 3132 W Marquette Road , Chicago Illinois 60629

 
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Kevin J. Rocio

 

Office Phone: 312-506-0200

Cell Phone: 312-972-4381

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Published on: Tuesday, February 17, 2015 12:41:05 PM
Updated on: Tuesday, February 17, 2015 12:41:24 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Illinois-40981

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 0%

Year Build: 0

 

Building Size: 0 SqFt

Lot Size: 0 Not Specified

No of Stories: 0

No of Parking: 0

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: Well-maintained 41-unit mixed-use property located across from Marquette Park whose nine-hold golf course is the most challenging in the Chicago Park District. Only 12 minutes by car to Midway International Airport. This is a great building in a great location with an value-add upside by leasing up the retail and office storefronts.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 7.05

Commission Split (%): 2.5

Complete Details


Year Build: 0

Building Size: 0 SqFt.

No of Stories: 0

Total Lot Area: 0.00 Not Specified

No of Parking: 0

No of Total Units: 0

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: C

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Not Specified

Occupancy: 0%

Full Description


This vintage corner mixed-use building has a lovely courtyard ad is located across from beautiful Marquette Park and Golf Course. Conveniently located near shopping, transportation, gas station and only 12 minutes away from Chicago Midway International Airport. Unit Mix includes: 5 retail or office store fronts, 9 studio apartments with separate eat-in kitchens and 27 one-bedroom apartments with a variety of floor plans.  Building features includes intercoms, a gated courtyard, new hot water tanks, newer electric and aluminum thermal pane windows. This investment property offers the opportunity for a new owner to add-value by increasing rents and lease-up of the vacant commercial spaces.

Actual - Cash Flow


Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2014
$231,361.00
$0.00
$100,347.00
$131,014.00
$0.00
0%
Cash Flow for Current Listings

Attached Documents


 Download | West Shore Plaza II, Holland MI OM.pdf ( 2,241.61KB)

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