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Single Room Occupancy Hotel for Sale

1810 W. Jackson Blvd, Chicago, IL 60612

$3,200,000

98 Units | Multifamily

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Multifamily Property For Sale - In Contract Get Financing

Price:
$3,200,000
No. Units:
98
Building Size:
27,700 SF
Price/Unit:
$32,653.06
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Lot Size:
9,250 SF
Listing ID
17629222
Last Updated
24 days ago

Find Out More...

Highlights

  • Ninety-eight (98) total units
  • Highly profitable business with stable renter base (90-100% occupancy)
  • Numerous upgrades including all mechanics, windows, roof etc

Description

Jameson Commercial is pleased to offer for sale this extensively improved, highly profitable, ninety-eight (98) unit single room occupancy hotel centrally located between the Medical District and the United Center right off the 290 and the Blue Line. All 98 rooms include kitchenettes and showers, 24 include private toilets. Turnkey operation, 90-100% occupancy of weekly cash renters. In last 5 years new boiler, roof, water heater, electrical service & distribution, windows and many more upgrades.

Next to the Medical District and United Center, right of the 290 and the Blue Line

Map of 1810 W. Jackson Blvd, Chicago, IL 60612 (Cook County)

Research for 1810 W. Jackson Blvd, Chicago, IL 60612 (Cook County)

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Asking Price Index Trends for Chicago, IL Multifamily For Sale

  Mar 14 vs. 3 mo.
prior
Y-O-Y
-
State
$60,092-1.5%+7.0%
-
Metro
$67,325-1.8%+7.7%
-
County
$72,050-3.2%+9.9%
-
City
$81,734-5.5%+16.5%

View Chicago Market Trends for other property types for sale or lease. Learn more about the chart info.

Created 4/23/2012
Single Room Occupancy Hotel for Sale
  • Multifamily
  • $3,200,000
  • 98 Units
  • 27,700 SF