2201 E 70th | Chicago, IL 60649
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- LoopNet Team
2201 E 70th
Chicago, IL 60649
Multifamily Property For Sale
·
33 Units
INVESTMENT HIGHLIGHTS
- - Current ownership has completed numerous capex projects this year
- - The South Lakefront submarket has experienced 5.3% 12-month effective rent growth and a 6.2% submarket vacancy.
- - New ownership, based upon recent move-in rents, can raise the rents on remaining units up to $220 / unit
- - Demand has been strong over the past year, and 250 units of new supply were delivered last year
PROPERTY FACTS
| No. Units | 33 | Lot Size | 0.37 AC |
| Property Type | Multifamily | Building Size | 34,000 SF |
| Property Subtype | Apartment | Average Occupancy | 94% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | C | Year Built | 1920 |
| Zoning | RM-5 - Residential Multi-Unit District | ||
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 34,000 SF |
| Average Occupancy | 94% |
| No. Stories | 4 |
| Year Built | 1920 |
| Zoning | RM-5 - Residential Multi-Unit District |
AMENITIES
UNIT AMENITIES
- Kitchen
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 800 |
| 2+1 | 18 | - | 950 |
| 3+2 | 2 | - | 1,100 - 1,400 |
| 4+2 | 1 | - | 1,400 |
PROPERTY TAXES
| Parcel Number | 20-24-428-001-0000 | Improvements Assessment | $221,711 |
| Land Assessment | $25,186 | Total Assessment | $246,897 |
PROPERTY TAXES
Parcel Number
20-24-428-001-0000
Land Assessment
$25,186
Improvements Assessment
$221,711
Total Assessment
$246,897
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