This Multifamily Property is Off-Market.

915 W. Wilson Avenue
Chicago, IL 60640 ·

197 Units · Multifamily For Sale

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Wilson Windsor Apartments

Price N/A Cap Rate 7%
No. Units 197 No. Stories 6
Building Size 115,560 SF Year Built 1920
Property Type Multifamily Lot Size 25,896 SF
Property Sub-type Mid/High-Rise APN / Parcel ID Multiples
Property Use Type Investment
Listing ID: 17879969 Date Created: 10/18/2012 Last Updated: 03/19/2014

Description

Wilson-Windsor Apartments is a 197-unit apartment building consisting of (192) studio apartments, (3) one-bedroom apartments and (2) commercial spaces. The building has a management office, laundry facility and an underground parking garage for approximately 30 cars. Recent improvements to the building include a new boiler in 2007, elevator mechanical replacement and in 2009, replacement of all apartment windows, a new hot water system, new cold water pumps and wrapping of all boiler pipes throughout the basements. As management utilizes a number of housing subsidy programs to assist lower income tenants, the building is able to maintain high occupancy levels.

Nestled between the Lakeview and Edgewater neighborhoods and bordered by Lake Michigan, Uptown is a one of the most populous residential centers of Chicago. Wilson Windsor Apartments is located within walking distance of the Red Line L' stop, grocery stores, restaurants, entertainment, Montrose Beach and Harbor and area schools including Truman College. The community is a diverse and eclectic mix of students and mostly single urbanites with moderate-high range incomes.

Highlights

  • 2 Blocks to Lake Michigan, Parks, Beaches & Recreation
  • Multiple Social Service Contracts Provide High Stable Occupancy
  • Over $800,000 in Capital Improvements Including New Windows, Boiler, Elevator Mechanicals, Hot Water System and Cold Water Pumps

Research

915 W. Wilson Avenue, Chicago, IL 60640 (Cook County)

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