Description

The building consists of fifty-two (52) apartments and approximately 7200 square feet of retail, currently demised into eight (8) stores. The apartment mix is twenty-eight (28) studio units approximately 475 square feet; four (4) studio units approximately 550 square feet; twelve (12) one-bedroom, onebath
units approximately 700 square feet; and eight (8) twobedroom, one-bath units approximately 800 square feet. There is a parking deck in the rear of the building with parking for approximately forty-two (42) cars. The building has two elevators, one passenger and one freight. The laundry machines
are owned (5 washers and 5 dryers).

Rents in the building are substantially below other buildings in the area (see Rent Survey). The parking garage is largely unused by the current owner (see Proforma Other Income), although the area has a shortage of parking. Owing to the hightraffic corner, the retail spaces are fully occupied with longterm
local tenants. The new owner will have attractive returns from moving rents to levels consistent with the market and leasing parking spaces in the garage.

This vintage mixed-use building is on the southeast corner of Pratt and Clark in the Rogers Park neighborhood on Chicago's northside.