1553 N Wells St | Chicago, IL 60610
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- LoopNet Team
1553 N Wells St
Chicago, IL 60610
Old Town Collection · Multifamily Property For Sale
·
23 Units
Investment Highlights
- 6% Cap Rate on Real T-12 NOI
- 23 Luxury Apartment Units with Custom Kitchens, Washer/Dryer In-Unit & Private Balconies
- Prime Location in the Heart of Old Town on Wells Street, 6 Minutes Walking Distance to the Sedgwick CTA Station
- Rare Opportunity to Acquire a New Construction Property in the Heart of Old Town
- First Floor Retail Space Leased to Philz Coffee through 2030
- 2 Blocks from Lincoln Park and the Beautiful Lakefront
Property Facts
| No. Units | 23 | Building Size | 26,133 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built | 2019 |
| Building Class | B | Parking Ratio | 0.29/1,000 SF |
| Lot Size | 0.16 AC | ||
| Zoning | B3-5 | ||
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 26,133 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built | 2019 |
| Parking Ratio | 0.29/1,000 SF |
| Zoning | B3-5 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Heating
- Hardwood Floors
- Stainless Steel Appliances
Site Amenities
- Elevator
Property Taxes
| Parcel Number | 17-04-204-003-0000 | Improvements Assessment | $296,395 |
| Land Assessment | $102,405 | Total Assessment | $398,800 |
Property Taxes
Parcel Number
17-04-204-003-0000
Land Assessment
$102,405
Improvements Assessment
$296,395
Total Assessment
$398,800
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