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1509 N Western Ave
Chicago, IL 60622
1509 N Western Ave · Multifamily Property For Sale
·
18 Units
INVESTMENT HIGHLIGHTS
- Turnkey Opportunity
- Dynamic Wicker Park Neighborhood
- Strong Demographics
- Newer Construction Apartments
- Exceptional Access to Public Transit
EXECUTIVE SUMMARY
Greenstone Partners is pleased to present the opportunity to acquire 1509 N. Western Avenue (the “Property”), a 2018 constructed nineteen-unit, turnkey mixed-use investment property in Chicago’s heavily populated Wicker Park neighborhood. The building is on the northeast corner of Western Avenue & Le Moyne Street.
The newer mixed-use apartment building features (1) 1,700 SF retail unit, (6) 1 Bed/1 Bath simplex, and (12) 2 Bed/2 Bath apartments. Each apartment features newer kitchens, bathrooms, separate HVAC, a private deck, and in-unit laundry.
The Property features an indoor garage with eighteen parking spaces for the tenants, elevator access, and a rooftop deck.
The newer mixed-use apartment building features (1) 1,700 SF retail unit, (6) 1 Bed/1 Bath simplex, and (12) 2 Bed/2 Bath apartments. Each apartment features newer kitchens, bathrooms, separate HVAC, a private deck, and in-unit laundry.
The Property features an indoor garage with eighteen parking spaces for the tenants, elevator access, and a rooftop deck.
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 789 - 840 |
| 2+2 | 12 | - | 956 - 1,108 |
PROPERTY TAXES
| Parcel Number | 17-06-100-036-0000 | Improvements Assessment | $509,142 |
| Land Assessment | $41,240 | Total Assessment | $550,382 |
PROPERTY TAXES
Parcel Number
17-06-100-036-0000
Land Assessment
$41,240
Improvements Assessment
$509,142
Total Assessment
$550,382
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