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1233 W Draper St
Chicago, IL 60614
1233 W. Draper St. · Multifamily Property For Sale
·
2 Units
INVESTMENT HIGHLIGHTS
- Prime Lincoln Park Location
- Build New Construction
- Double Lot
EXECUTIVE SUMMARY
Incredible opportunity in prime Lincoln Park Neighborhood! Building sits on a double lot that is an excellent candidate for redevelopment. Curb cut is allowed! Build a new building on the side lot and keep the existing building, expand on the existing building and convert to a single family, or tear down existing building and build your dream home. Draper Street has multiple newer construction homes and the street is a cul de sac with no alley, making it ideal for families. The existing building is a 2 unit, both units being 2 bedrooms and 1 bath. Rents are below market. Both leases expire this year. Apartments have individual furnaces and both furnaces are new. Owner has also replaced both water heaters. Bring your ideas, last double lot on the street sold for more than ask.
PROPERTY FACTS
| Sale Type | Investment | Apartment Style | Low-Rise |
| Sale Condition | Redevelopment Project | Lot Size | 0.07 AC |
| No. Units | 2 | Building Size | 1,404 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1890 |
| Zoning | RS3 - Single Family Home, Zoning Change Ok for Multi-Family | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.07 AC |
| Building Size | 1,404 SF |
| No. Stories | 2 |
| Year Built | 1890 |
| Zoning | RS3 - Single Family Home, Zoning Change Ok for Multi-Family |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $2,275 | 750 |
PROPERTY TAXES
| Parcel Number | 14-29-315-060-0000 | Improvements Assessment | $31,843 |
| Land Assessment | $27,900 | Total Assessment | $59,743 |
PROPERTY TAXES
Parcel Number
14-29-315-060-0000
Land Assessment
$27,900
Improvements Assessment
$31,843
Total Assessment
$59,743
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