1157 W 18th St | Chicago, IL 60608
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- LoopNet Team
1157 W 18th St
Chicago, IL 60608
Multifamily Property For Sale
·
13 Units
INVESTMENT HIGHLIGHTS
- Recently Rehabbed Building in Chicago's Pilsen Neighborhood
- Building Rehab Includes New Windows, HVAC, Copper Plumbing and Electrical Amongst Other Capex - Two Garage Parking Spaces
- Assumable Debt: IO Through 10/1/25, Matures 8/28 - 5.46% Int Rate - 82% LTV at Asking Price
- Upgraded Kitchen and Baths with Quartz Countertops and Custom Framed Islands/Peninsulas with In Unit Washer and Dryer
- Retail Storefront on Pilsen's 18th St Through 2026 with Two (2) 5 Year Ext. Options - Covers 17% of Building Operating Costs Inc. Tax and Insurance
- Current Cap Rate: 6.62%; Proforma Cap Rate: 7.41%
PROPERTY FACTS
| No. Units | 13 | Building Size | 15,550 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1883/2016 |
| Building Class | C | Parking Ratio | 0.17/1,000 SF |
| Lot Size | 0.13 AC | ||
| Zoning | C1-2 - 2-11 - Apartment Building With 2 to 6 Units, Any Age | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 15,550 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1883/2016 |
| Parking Ratio | 0.17/1,000 SF |
| Zoning | C1-2 - 2-11 - Apartment Building With 2 to 6 Units, Any Age |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Hardwood Floors
- High Speed Internet Access
- Wi-Fi
- Intercom
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Gas Range
- Wi-Fi
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | 724 |
| 1+1 | 1 | - | 730 |
| 2+1 | 3 | - | 670 - 717 |
| 2+2 | 1 | - | 877 |
| 3+1 | 5 | - | 875 - 947 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $258,350 | |
| Land Assessment | $19,550 | Total Assessment | $277,900 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$19,550
Improvements Assessment
$258,350
Total Assessment
$277,900
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