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2500 N Halsted St 2500 N Halsted St 11 Unit Apartment Building $8,900,000 ($809,091/Unit) 6.30% Cap Rate Chicago, IL 60614
EXECUTIVE SUMMARY
Lincoln Park at DePaul. This is an opportunity to acquire a newly constructed asset with a proven track record of defendable operations in an extremely high-barrier-to-entry submarket in Chicago. 11 apartments that stay 100% occupied with recent 6% rent growth over fully leased retail to a strong financial institution.
• Impeccably Designed and Constructed Property
• Luxurious units- 2, 3, and 4 Bedroom Mix
• Offers tenants high-end, private living
• Market-leading finishes and amenities
• Ideal and Irreplaceable Lincoln Park Locations
• Steps from world-class dining and entertainment
• Comprehensive transit-oriented location ideal for commuters
• Fully stabilized and turn-key
• Impeccably Designed and Constructed Property
• Luxurious units- 2, 3, and 4 Bedroom Mix
• Offers tenants high-end, private living
• Market-leading finishes and amenities
• Ideal and Irreplaceable Lincoln Park Locations
• Steps from world-class dining and entertainment
• Comprehensive transit-oriented location ideal for commuters
• Fully stabilized and turn-key
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
SITE AMENITIES
- Grill
- Gas Range
- Wi-Fi
- Roof Terrace
- Bicycle Storage
- Community-Wide WiFi
- Elevator
- Sundeck
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 2 | $3,788 | 920 |
| 3+2 | 8 | $4,784 | 1,040 - 1,150 |
| 4+3 | 1 | $6,450 | 1,700 |
1 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (84)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $363,232 (2024) | |
| Land Assessment | $38,668 (2024) | Total Assessment | $401,900 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$38,668 (2024)
Improvements Assessment
$363,232 (2024)
Total Assessment
$401,900 (2024)
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2500 N Halsted St | 2500 N Halsted St
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