1340 W Morse Ave | Chicago, IL 60626
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- LoopNet Team
1340 W Morse Ave
Chicago, IL 60626
1340 W Morse & 1345 W Lunt · Multifamily Property For Sale
·
110 Units
Investment Highlights
- Assumable debt at 2.67%, interest only, 6 years of term remaining
- Numerous physical, mechanical and cosmetic upgrades have been completed
- Adjacent to CTA Red Line, walkable to Chicago Lakefront and within a short commute to Loyola University
- Diverse unit mix of studio, one and two bedroom apartments
- In-place rents are 8.7% below market rates based on recent trade-outs
Property Facts
| No. Units | 110 | Building Size | 100,000 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1969 |
| Building Class | C | Parking Ratio | 0.55/1,000 SF |
| Lot Size | 0.86 AC | ||
| Zoning | B3-3 | ||
| No. Units | 110 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.86 AC |
| Building Size | 100,000 SF |
| Average Occupancy | 96% |
| No. Stories | 5 |
| Year Built | 1969 |
| Parking Ratio | 0.55/1,000 SF |
| Zoning | B3-3 |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Microwave
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
Site Amenities
- 24 Hour Access
- Courtyard
- Fitness Center
- Laundry Facilities
- Grill
- Pet Play Area
- Lounge
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 48 | - | 416 - 478 |
| 1+1 | 42 | - | 693 - 718 |
| 2+1 | 3 | - | 976 |
| 2+1.5 | 17 | - | 999 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $793,507 | |
| Land Assessment | $169,416 | Total Assessment | $962,923 |
Property Taxes
Parcel Numbers
Land Assessment
$169,416
Improvements Assessment
$793,507
Total Assessment
$962,923
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