FOR SALE | MULTIFAMILY€¦ · CROSS STREETS: Racine & Oakdale PROPERTY HIGHLIGHTS • AAA+...

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FOR SALE | MULTIFAMILY JASON P. HILLER (P) 773.412.3899 [email protected] 2943 N. RACINE AVE. > $759,000

Transcript of FOR SALE | MULTIFAMILY€¦ · CROSS STREETS: Racine & Oakdale PROPERTY HIGHLIGHTS • AAA+...

Page 1: FOR SALE | MULTIFAMILY€¦ · CROSS STREETS: Racine & Oakdale PROPERTY HIGHLIGHTS • AAA+ Lakeview location • 100% leased for 10+ years w/ zero vacancy • Top floor 3BD/2BTH

FOR SALE | MULTIFAMILY

JASON P. HILLER (P) 773.412.3899 [email protected]

2943 N. RACINE AVE. > $759,000

Page 2: FOR SALE | MULTIFAMILY€¦ · CROSS STREETS: Racine & Oakdale PROPERTY HIGHLIGHTS • AAA+ Lakeview location • 100% leased for 10+ years w/ zero vacancy • Top floor 3BD/2BTH

2943 N. RACINE AVE.

FOR SALE | MULTIFAMILY

JAMESONCOMMERCIAL.COM

JASON P. HILLERReal Estate Sales & Development

(P) [email protected]

SALE OVERVIEW

SALE PRICE: $759,000

LOT SIZE: 2,760 SF

BUILDING SIZE: 4,600 SF

YEAR BUILT: 1896

ZONING: RS-3

CROSS STREETS: Racine & Oakdale

PROPERTY HIGHLIGHTS

• AAA+ Lakeview location

• 100% leased for 10+ years w/ zerovacancy

• Top floor 3BD/2BTH duplex-up w/ mastersuite

• Extremely Rare 3-unit under $800k

• 5 minute walk to Wellington ‘L’, 10-min toBelmont

• 15-20 minute walk to DePaul

PROPERTY DESCRIPTION

ATTN INVESTORS! Well maintained 2-flat + garden unit inAAA+ Lakeview location ideal for renters or convert to SFH.Features top floor 3BD/2BTH duplex-up with master suite; 1stfloor 2BD/1BTH and 1BD/1BTH Garden unit. Spacious FloorPlans with improvements throughout – HDWD Floors, NewerBaths/Kitchen, Mechanicals and Roof within last 5-years.Solid Building w/great tenants & strong income. All 3 unitshave been fully leased for 10+ years, with zero vacancy.Easy to rent. 2-Car Garage + Rear Garden.

Page 3: FOR SALE | MULTIFAMILY€¦ · CROSS STREETS: Racine & Oakdale PROPERTY HIGHLIGHTS • AAA+ Lakeview location • 100% leased for 10+ years w/ zero vacancy • Top floor 3BD/2BTH

UNITNUMBER

UNITBED

UNITBATH

LEASESTART

LEASEEND

CURRENTRENT

GRDN 1 1 7/1/2018 6/30/2019 $1,125

1 - 1st Floor 2 1 8/1/2018 7/31/2019 $1,750

2 - Duplex-up 3 2 7/1/2018 6/30/2019 $2,700

Totals/Averages

$5,575

Notes:

JASON P. HILLERReal Estate Sales & Development

(P) [email protected]

425 West North Avenue | Chicago, IL 60610jamesoncommercial.com

JAMESON COMMERCIAL REAL ESTATE

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. Norepresentation is made as to the accuracy thereof & it is submitted subject to errors, omissions,changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions &estimates are presented as examples only & may not represent actual performance. Consult tax &legal advisors to perform your own investigation.

RENT ROLL

RENT ROLL2943 N. RACINE AVE.CHICAGO, IL 60657

Page 4: FOR SALE | MULTIFAMILY€¦ · CROSS STREETS: Racine & Oakdale PROPERTY HIGHLIGHTS • AAA+ Lakeview location • 100% leased for 10+ years w/ zero vacancy • Top floor 3BD/2BTH

ADDITIONAL PHOTOS2943 N. RACINE AVE.CHICAGO, IL 60657

JASON P. HILLERReal Estate Sales & Development

(P) [email protected]

425 West North Avenue | Chicago, IL 60610jamesoncommercial.com

JAMESON COMMERCIAL REAL ESTATE

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. Norepresentation is made as to the accuracy thereof & it is submitted subject to errors, omissions,changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions &estimates are presented as examples only & may not represent actual performance. Consult tax &legal advisors to perform your own investigation.

Page 5: FOR SALE | MULTIFAMILY€¦ · CROSS STREETS: Racine & Oakdale PROPERTY HIGHLIGHTS • AAA+ Lakeview location • 100% leased for 10+ years w/ zero vacancy • Top floor 3BD/2BTH

ADDITIONAL PHOTOS2943 N. RACINE AVE.CHICAGO, IL 60657

JASON P. HILLERReal Estate Sales & Development

(P) [email protected]

425 West North Avenue | Chicago, IL 60610jamesoncommercial.com

JAMESON COMMERCIAL REAL ESTATE

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. Norepresentation is made as to the accuracy thereof & it is submitted subject to errors, omissions,changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions &estimates are presented as examples only & may not represent actual performance. Consult tax &legal advisors to perform your own investigation.

Page 6: FOR SALE | MULTIFAMILY€¦ · CROSS STREETS: Racine & Oakdale PROPERTY HIGHLIGHTS • AAA+ Lakeview location • 100% leased for 10+ years w/ zero vacancy • Top floor 3BD/2BTH

ADDITIONAL PHOTOS2943 N. RACINE AVE.CHICAGO, IL 60657

JASON P. HILLERReal Estate Sales & Development

(P) [email protected]

425 West North Avenue | Chicago, IL 60610jamesoncommercial.com

JAMESON COMMERCIAL REAL ESTATE

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. Norepresentation is made as to the accuracy thereof & it is submitted subject to errors, omissions,changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions &estimates are presented as examples only & may not represent actual performance. Consult tax &legal advisors to perform your own investigation.

Page 7: FOR SALE | MULTIFAMILY€¦ · CROSS STREETS: Racine & Oakdale PROPERTY HIGHLIGHTS • AAA+ Lakeview location • 100% leased for 10+ years w/ zero vacancy • Top floor 3BD/2BTH

ADDITIONAL PHOTOS2943 N. RACINE AVE.CHICAGO, IL 60657

JASON P. HILLERReal Estate Sales & Development

(P) [email protected]

425 West North Avenue | Chicago, IL 60610jamesoncommercial.com

JAMESON COMMERCIAL REAL ESTATE

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. Norepresentation is made as to the accuracy thereof & it is submitted subject to errors, omissions,changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions &estimates are presented as examples only & may not represent actual performance. Consult tax &legal advisors to perform your own investigation.

Page 8: FOR SALE | MULTIFAMILY€¦ · CROSS STREETS: Racine & Oakdale PROPERTY HIGHLIGHTS • AAA+ Lakeview location • 100% leased for 10+ years w/ zero vacancy • Top floor 3BD/2BTH

ADDITIONAL PHOTOS2943 N. RACINE AVE.CHICAGO, IL 60657

JASON P. HILLERReal Estate Sales & Development

(P) [email protected]

425 West North Avenue | Chicago, IL 60610jamesoncommercial.com

JAMESON COMMERCIAL REAL ESTATE

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. Norepresentation is made as to the accuracy thereof & it is submitted subject to errors, omissions,changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions &estimates are presented as examples only & may not represent actual performance. Consult tax &legal advisors to perform your own investigation.

Page 9: FOR SALE | MULTIFAMILY€¦ · CROSS STREETS: Racine & Oakdale PROPERTY HIGHLIGHTS • AAA+ Lakeview location • 100% leased for 10+ years w/ zero vacancy • Top floor 3BD/2BTH

ADDITIONAL PHOTOS2943 N. RACINE AVE.CHICAGO, IL 60657

JASON P. HILLERReal Estate Sales & Development

(P) [email protected]

425 West North Avenue | Chicago, IL 60610jamesoncommercial.com

JAMESON COMMERCIAL REAL ESTATE

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. Norepresentation is made as to the accuracy thereof & it is submitted subject to errors, omissions,changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions &estimates are presented as examples only & may not represent actual performance. Consult tax &legal advisors to perform your own investigation.

Page 10: FOR SALE | MULTIFAMILY€¦ · CROSS STREETS: Racine & Oakdale PROPERTY HIGHLIGHTS • AAA+ Lakeview location • 100% leased for 10+ years w/ zero vacancy • Top floor 3BD/2BTH

ADDITIONAL PHOTOS2943 N. RACINE AVE.CHICAGO, IL 60657

JASON P. HILLERReal Estate Sales & Development

(P) [email protected]

425 West North Avenue | Chicago, IL 60610jamesoncommercial.com

JAMESON COMMERCIAL REAL ESTATE

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. Norepresentation is made as to the accuracy thereof & it is submitted subject to errors, omissions,changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions &estimates are presented as examples only & may not represent actual performance. Consult tax &legal advisors to perform your own investigation.

Page 11: FOR SALE | MULTIFAMILY€¦ · CROSS STREETS: Racine & Oakdale PROPERTY HIGHLIGHTS • AAA+ Lakeview location • 100% leased for 10+ years w/ zero vacancy • Top floor 3BD/2BTH

FLOOR PLAN2943 N. RACINE AVE.CHICAGO, IL 60657

JASON P. HILLERReal Estate Sales & Development

(P) [email protected]

425 West North Avenue | Chicago, IL 60610jamesoncommercial.com

JAMESON COMMERCIAL REAL ESTATE

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. Norepresentation is made as to the accuracy thereof & it is submitted subject to errors, omissions,changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions &estimates are presented as examples only & may not represent actual performance. Consult tax &legal advisors to perform your own investigation.

Page 12: FOR SALE | MULTIFAMILY€¦ · CROSS STREETS: Racine & Oakdale PROPERTY HIGHLIGHTS • AAA+ Lakeview location • 100% leased for 10+ years w/ zero vacancy • Top floor 3BD/2BTH

SURVEY2943 N. RACINE AVE.CHICAGO, IL 60657

JASON P. HILLERReal Estate Sales & Development

(P) [email protected]

425 West North Avenue | Chicago, IL 60610jamesoncommercial.com

JAMESON COMMERCIAL REAL ESTATE

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. Norepresentation is made as to the accuracy thereof & it is submitted subject to errors, omissions,changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions &estimates are presented as examples only & may not represent actual performance. Consult tax &legal advisors to perform your own investigation.

Page 13: FOR SALE | MULTIFAMILY€¦ · CROSS STREETS: Racine & Oakdale PROPERTY HIGHLIGHTS • AAA+ Lakeview location • 100% leased for 10+ years w/ zero vacancy • Top floor 3BD/2BTH

AERIAL & STREET DETAIL2943 N. RACINE AVE.CHICAGO, IL 60657

JASON P. HILLERReal Estate Sales & Development

(P) [email protected]

425 West North Avenue | Chicago, IL 60610jamesoncommercial.com

JAMESON COMMERCIAL REAL ESTATE

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. Norepresentation is made as to the accuracy thereof & it is submitted subject to errors, omissions,changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions &estimates are presented as examples only & may not represent actual performance. Consult tax &legal advisors to perform your own investigation.

Page 14: FOR SALE | MULTIFAMILY€¦ · CROSS STREETS: Racine & Oakdale PROPERTY HIGHLIGHTS • AAA+ Lakeview location • 100% leased for 10+ years w/ zero vacancy • Top floor 3BD/2BTH

DEMOGRAPHICS MAP2943 N. RACINE AVE.CHICAGO, IL 60657

JASON P. HILLERReal Estate Sales & Development

(P) [email protected]

425 West North Avenue | Chicago, IL 60610jamesoncommercial.com

JAMESON COMMERCIAL REAL ESTATE

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. Norepresentation is made as to the accuracy thereof & it is submitted subject to errors, omissions,changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions &estimates are presented as examples only & may not represent actual performance. Consult tax &legal advisors to perform your own investigation.

2010 STATISTICS 0.25 Miles 0.5 Miles 1 Mile

Total Population 6,168 22,399 81,767

Total Number of Households 2,683 10,174 38,016

Average Household Income $148,214 $142,305 $132,938

Median Age 29.3 29.6 29.2

Page 15: FOR SALE | MULTIFAMILY€¦ · CROSS STREETS: Racine & Oakdale PROPERTY HIGHLIGHTS • AAA+ Lakeview location • 100% leased for 10+ years w/ zero vacancy • Top floor 3BD/2BTH

DEMOGRAPHICS 0.25 Miles 0.5 Miles 1 Mile

TOTAL POPULATION 6,168 22,399 81,767

MEDIAN AGE 29.3 29.6 29.2

MEDIAN AGE (MALE) 29.1 29.7 29.7

MEDIAN AGE (FEMALE) 29.3 29.7 28.7

TOTAL HOUSEHOLDS 0.25 Miles 0.5 Miles 1 Mile

TOTAL HOUSEHOLDS 2,683 10,174 38,016

# OF PERSONS PER HH 2.3 2.2 2.2

AVERAGE HH INCOME $148,214 $142,305 $132,938

AVERAGE HOUSE VALUE $636,278 $648,531 $646,323

POPULATION 0.25 Miles 0.5 Miles 1 Mile

TOTAL POPULATION - White 5,537 20,209 71,827

TOTAL POPULATION - Black 205 644 2,139

TOTAL POPULATION - Hispanic 610 1,782 6,229

TOTAL POPULATION - Asian 217 781 4,247

TOTAL POPULATION - Hawaiian 0 1 31

TOTAL POPULATION - Indian 1 33 98

TOTAL POPULATION - Other 125 397 2,017

DEMOGRAPHICS REPORT2943 N. RACINE AVE.CHICAGO, IL 60657

JASON P. HILLERReal Estate Sales & Development

(P) [email protected]

425 West North Avenue | Chicago, IL 60610jamesoncommercial.com

JAMESON COMMERCIAL REAL ESTATE

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. Norepresentation is made as to the accuracy thereof & it is submitted subject to errors, omissions,changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions &estimates are presented as examples only & may not represent actual performance. Consult tax &legal advisors to perform your own investigation.