4 Renovated Apartments + 1 Commercial SpacePilsen
$1,179,000
1925 S RacineChicago, IL 60608
Take a look at PilsenCulture thrives in Pilsen and invites you to explore the treasures that wait around every corner. Here bold murals have blossomed in the most unexpected places — on the fronts of homes, along railway overpasses, and wrapped around train platforms. The artful vibe continues within storefront galleries and studios, as well as in the colorful collections of the National Museum of Mexican Art, a highly-regarded cultural institution.
It's a neighborhood that pulses with a youthful spirit and is ever evolving. For over 150 years, Pilsen has been a port of entry for immigrants. Early on it was waves of Eastern Europeans, which later shifted and became predominantly Latino. Now blended in the close knit Mexican-American community is creative types and students. Thanks to this diversity, you'll find offbeat vintage shops, independent coffee houses and quaint cafes alongside bodegas, panaderias and restaurants serving authentic Mexican cuisine.
Adding to the multicultural mosaic is the neighboring area Heart of Chicago, anchored by several old-school Italian restaurants. But whether you're on 18th Street or Oakley Avenue, it's the strong cultural heritage and rich working class legacy that are the backbone of Chicago's Lower West Side neighborhoods.
312.867.8744 | [email protected] |
SUMMARY
ANNUALIZED OPERATING DATA
SCHEDULED INCOME
ESTIMATED ANNUALIZED EXPENSES
Multi-Residential-OperatingInformation
5425DennyAveNorthHollywood,CA91601
Summary
Price: $2,950,000DownPayment: $2,750,000NumberofUnits: 8CostperLegalUnit: $368,750CurrentGRM: 14.45CurrentCAP: 4.69%Approx.Age: 2016Approx.LotSize: 11,113Approx.BuildingSF: 6,980CostperNetGSF: $423AnnualizedOperatingData
ScheduledGrossIncome: 204,120LessVacancyRateReserve: (6,124) 3.0%GrossOperatingIncome: 197,996LessExpenses: (59,570) 29.2%NetOperatingIncome: 138,427Pre-TaxCashFlow: 138,427 5.0%
*Asapercentofthedownpayment
ScheduledIncome EstimatedAnnualizedExpenses
No. Bed/Bath Monthly Monthlyof Units SF Rent/Unit Income
4 1+1.5-725sf $1,801 $7,2053 2+2-956sf $2,403 $7,2101 2+2-1214sf $2,595 $2,595
Avg.Rent/Gr.Sq.Ft. $2.44TotalScheduledRent: $17,010 TotalExpenses: $59,570
PerNetSq.Ft.: $8.53MonthlyScheduledGrossIncome: $17,010 PerUnit: $7,446AnnualScheduledGrossIncome: $204,120
theaccuracyoftheinformation.Referencestosquarefootageorageareapproximate.Buyermustverifytheinformationandbearsallriskforanyinaccuracies.Thisinformationhasbeensecuredfromsourceswebelievetobereliable,butwemakenorepresentationsorwarranties,expressedorimpliedasto
Multi-Residential-OperatingInformation
5425DennyAveNorthHollywood,CA91601
Summary
Price: $2,950,000DownPayment: $2,750,000NumberofUnits: 8CostperLegalUnit: $368,750CurrentGRM: 14.45CurrentCAP: 4.69%Approx.Age: 2016Approx.LotSize: 11,113Approx.BuildingSF: 6,980CostperNetGSF: $423AnnualizedOperatingData
ScheduledGrossIncome: 204,120LessVacancyRateReserve: (6,124) 3.0%GrossOperatingIncome: 197,996LessExpenses: (59,570) 29.2%NetOperatingIncome: 138,427Pre-TaxCashFlow: 138,427 5.0%
*Asapercentofthedownpayment
ScheduledIncome EstimatedAnnualizedExpenses
Taxes: $36,875No. Bed/Bath Monthly Monthly Insurance $0.50/RSF $3,490
of Units SF Rent/Unit Income Utilities $55/Unt/Mnt $5,2804 1+1.5-725sf $1,801 $7,205 Repairs+Maintenance $35/Unt/Mnt $3,3603 2+2-956sf $2,403 $7,210 Trash,Pest,Gard,Etc $25/Unt/Mnt $2,4001 2+2-1214sf $2,595 $2,595 Off-siteManager 4.0% $8,165
Avg.Rent/Gr.Sq.Ft. $2.44TotalScheduledRent: $17,010
MonthlyScheduledGrossIncome: $17,010AnnualScheduledGrossIncome: $204,120
theaccuracyoftheinformation.Referencestosquarefootageorageareapproximate.Buyermustverifytheinformationandbearsallriskforanyinaccuracies.Thisinformationhasbeensecuredfromsourceswebelievetobereliable,butwemakenorepresentationsorwarranties,expressedorimpliedasto
Multi-Residential-OperatingInformation
5425DennyAveNorthHollywood,CA91601
Summary
Price: $2,950,000DownPayment: $2,950,000NumberofUnits: 8CostperLegalUnit: $368,750CurrentGRM: 14.45CurrentCAP: 4.69%Approx.Age: 2016Approx.LotSize: 11,113Approx.BuildingSF: 6,980CostperNetGSF: $423AnnualizedOperatingData
ScheduledGrossIncome: 204,120LessVacancyRateReserve: (6,124) 3.0%GrossOperatingIncome: 197,996LessExpenses: (59,570) 29.2%NetOperatingIncome: 138,427Pre-TaxCashFlow: 138,427 4.7%
*Asapercentofthedownpayment
ScheduledIncome EstimatedAnnualizedExpenses
Taxes: $36,875Insurance $0.50/RSF $3,490Utilities $55/Unt/Mnt $5,280Repairs+Maintenance $35/Unt/Mnt $3,360Trash,Pest,Gard,Etc $25/Unt/Mnt $2,400Off-siteManager 4.0% $8,165
Avg.Rent/Gr.Sq.Ft. $2.44TotalScheduledRent: $17,010 TotalExpenses: $59,570
PerNetSq.Ft.: $8.53MonthlyScheduledGrossIncome: $17,010 PerUnit: $7,446AnnualScheduledGrossIncome: $204,120
theaccuracyoftheinformation.Referencestosquarefootageorageareapproximate.Buyermustverifytheinformationandbearsallriskforanyinaccuracies.Thisinformationhasbeensecuredfromsourceswebelievetobereliable,butwemakenorepresentationsorwarranties,expressedorimpliedasto
Multi-Residential-OperatingInformation
5425DennyAveNorthHollywood,CA91601
Summary
Price: $2,950,000DownPayment: $2,950,000NumberofUnits: 8CostperLegalUnit: $368,750CurrentGRM: 14.45CurrentCAP: 4.69%Approx.Age: 2016Approx.LotSize: 11,113Approx.BuildingSF: 6,980CostperNetGSF: $423AnnualizedOperatingData
ScheduledGrossIncome: 204,120LessVacancyRateReserve: (6,124) 3.0%GrossOperatingIncome: 197,996LessExpenses: (59,570) 29.2%NetOperatingIncome: 138,427Pre-TaxCashFlow: 138,427 4.7%
*Asapercentofthedownpayment
ScheduledIncome EstimatedAnnualizedExpenses
Taxes: $36,875No. Bed/Bath SF Monthly Monthly Insurance $0.50/RSF $3,490
of Units Rent/Unit Income Utilities $55/Unt/Mnt $5,2804 1+1.5 725sf $1,801 $7,205 Repairs+Maintenance $35/Unt/Mnt $3,3603 2+2 956sf $2,403 $7,210 Trash,Pest,Gard,Etc $25/Unt/Mnt $2,4001 2+2 1214sf $2,595 $2,595 Off-siteManager 4.0% $8,165
TotalExpenses: $59,570PerNetSq.Ft.: $8.53PerUnit: $7,446
theaccuracyoftheinformation.Referencestosquarefootageorageareapproximate.Buyermustverifytheinformationandbearsallriskforanyinaccuracies.Thisinformationhasbeensecuredfromsourceswebelievetobereliable,butwemakenorepresentationsorwarranties,expressedorimpliedasto
Multi-Residential-OperatingInformation
5425DennyAveNorthHollywood,CA91601
Summary
Price: $2,950,000DownPayment: $2,950,000NumberofUnits: 8CostperLegalUnit: $368,750CurrentGRM: 14.45CurrentCAP: 4.69%Approx.Age: 2016Approx.LotSize: 11,113Approx.BuildingSF: 6,980CostperNetGSF: $423AnnualizedOperatingData
ScheduledIncome EstimatedAnnualizedExpenses
Taxes: $36,875No. Bed/Bath Monthly Monthly Insurance $0.50/RSF $3,490
of Units SF Rent/Unit Income Utilities $55/Unt/Mnt $5,2804 1+1.5-725sf $1,801 $7,205 Repairs+Maintenance $35/Unt/Mnt $3,3603 2+2-956sf $2,403 $7,210 Trash,Pest,Gard,Etc $25/Unt/Mnt $2,4001 2+2-1214sf $2,595 $2,595 Off-siteManager 4.0% $8,165
Avg.Rent/Gr.Sq.Ft. $2.44TotalScheduledRent: $17,010 TotalExpenses: $59,570
PerNetSq.Ft.: $8.53MonthlyScheduledGrossIncome: $17,010 PerUnit: $7,446AnnualScheduledGrossIncome: $204,120
theaccuracyoftheinformation.Referencestosquarefootageorageareapproximate.Buyermustverifytheinformationandbearsallriskforanyinaccuracies.Thisinformationhasbeensecuredfromsourceswebelievetobereliable,butwemakenorepresentationsorwarranties,expressedorimpliedasto
Multi-Residential-OperatingInformation
5425DennyAveNorthHollywood,CA91601
Summary
NumberofUnits: 8CostperLegalUnit: $368,750CurrentGRM: 14.45CurrentCAP: 4.69%Approx.Age: 2016Approx.LotSize: 11,113Approx.BuildingSF: 6,980CostperNetGSF: $423AnnualizedOperatingData
ScheduledGrossIncome: 204,120LessVacancyRateReserve: (6,124) 3.0%GrossOperatingIncome: 197,996LessExpenses: (59,570) 29.2%NetOperatingIncome: 138,427Pre-TaxCashFlow: 138,427 4.7%
*Asapercentofthedownpayment
ScheduledIncome EstimatedAnnualizedExpenses
Taxes: $36,875No. Bed/Bath SF Monthly Monthly Insurance $0.50/RSF $3,490
of Units Rent/Unit Income Utilities $55/Unt/Mnt $5,2804 1+1.5 725sf $1,801 $7,205 Repairs+Maintenance $35/Unt/Mnt $3,3603 2+2 956sf $2,403 $7,210 Trash,Pest,Gard,Etc $25/Unt/Mnt $2,4001 2+2 1214sf $2,595 $2,595 Off-siteManager 4.0% $8,165
Avg.Rent/Gr.Sq.Ft. $2.44TotalScheduledRent: $17,010 TotalExpenses: $59,570
PerNetSq.Ft.: $8.53MonthlyScheduledGrossIncome: $17,010 PerUnit: $7,446AnnualScheduledGrossIncome: $204,120
theaccuracyoftheinformation.Referencestosquarefootageorageareapproximate.Buyermustverifytheinformationandbearsallriskforanyinaccuracies.Thisinformationhasbeensecuredfromsourceswebelievetobereliable,butwemakenorepresentationsorwarranties,expressedorimpliedasto
Multi-Residential-OperatingInformation
5425DennyAveNorthHollywood,CA91601
Summary
Price: $2,950,000DownPayment: $2,950,000
ScheduledGrossIncome: 204,120LessVacancyRateReserve: (6,124) 3.0%GrossOperatingIncome: 197,996LessExpenses: (59,570) 29.2%NetOperatingIncome: 138,427Pre-TaxCashFlow: 138,427 4.7%
*Asapercentofthedownpayment
ScheduledIncome EstimatedAnnualizedExpenses
Taxes: $36,875No. Bed/Bath SF Monthly Monthly Insurance $0.50/RSF $3,490
of Units Rent/Unit Income Utilities $55/Unt/Mnt $5,2804 1+1.5 725sf $1,801 $7,205 Repairs+Maintenance $35/Unt/Mnt $3,3603 2+2 956sf $2,403 $7,210 Trash,Pest,Gard,Etc $25/Unt/Mnt $2,4001 2+2 1214sf $2,595 $2,595 Off-siteManager 4.0% $8,165
Avg.Rent/Gr.Sq.Ft. $2.44TotalScheduledRent: $17,010 TotalExpenses: $59,570
PerNetSq.Ft.: $8.53MonthlyScheduledGrossIncome: $17,010 PerUnit: $7,446AnnualScheduledGrossIncome: $204,120
theaccuracyoftheinformation.Referencestosquarefootageorageareapproximate.Buyermustverifytheinformationandbearsallriskforanyinaccuracies.Thisinformationhasbeensecuredfromsourceswebelievetobereliable,butwemakenorepresentationsorwarranties,expressedorimpliedasto
312.867.8744 | [email protected]
RENT ROLL
312.867.8744| [email protected]
312.867.8744 | [email protected]
JOSH RUBENSTEIN
KITCHEN - STAINLESS STEEL APPLIANCES
LIVING AREA - HARDWOOD FLOORS UPDATED BATHROOMS
RENTAL COMPS
1157 W 18th St
1641 W 21st St
2302 W 19th St
18923
Year Built: Beds: Baths: Sq. Ft.: Price:Notes:
21550$2,247 Remodeled, W/D
188421
Year Built: Beds: Baths: Sq. Ft.: Price: Notes:
720$1,600Remodeled
UNK2
Year Built: Beds: Baths: Sq. Ft.: Price: Notes:
1UNK$1,539White Appliances
UNK
11000$1,750Remodeled
Year Built: Beds: Baths: Sq. Ft.: Price: Notes:
312.867.8744 | [email protected]
2
1215 W 18th, Chicago, IL
Primary Photo Plat Map
Building Images
DateSale Type
Sold Price
Financing
$1,800,000 ($257,143/Unit)Mar 2017InvestmentDown Payment of $240,000 (13.33%) 1st Mortgage: First American Bank Bal/Pmt: $1,560,000/-
-Updated May 15, 2017
Beds Units Avg SF Asking Rent/Unit Asking Rent/SF Concessions1 1 - - - -2 6 - - - -Totals 7 - - -
2300 W 23rd St Chicago, IL 60608 - Lower West Side MF Submarket7 Unit Class C Multi-Family Apartment Building Built in 1904
Sale Unit Mix
312.867.8744 | [email protected]
SALES COMPS
[email protected] www.windycityre.com
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