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633 S Plymouth Ct - Pope Building 9,941 SF Office/Retail Condo Unit Offered at $850,000 in Chicago, IL 60605
INVESTMENT HIGHLIGHTS
- Vibrant neighborhood surrounding the property
- Boasting an abundance of amenities, this prime locale promises an enticing blend of urban convenience and entrepreneurial opportunity.
- Easy access to major transportation arteries
EXECUTIVE SUMMARY
Historic building, originally constructed in 1927. Steps from Grant Park, the Museum Campus, and major educational institutions, attracting both locals and tourists alike.
PROPERTY FACTS
| Total Building Size | 120,012 SF | Floors | 11 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 10,910 SF |
| Property Subtype | Apartment | Year Built | 1906 |
| Building Class | C | Lot Size | 0.23 AC |
| Zoning | DX-12 - Downtown Mixed-Use District | ||
| Total Building Size | 120,012 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 11 |
| Typical Floor Size | 10,910 SF |
| Year Built | 1906 |
| Lot Size | 0.23 AC |
| Zoning | DX-12 - Downtown Mixed-Use District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Heating
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Wi-Fi
- Dining Room
- Freezer
- Handrails
- Island Kitchen
SITE AMENITIES
- Fitness Center
- Laundry Facilities
- Bicycle Storage
- Elevator
1 UNIT AVAILABLE
Unit 633
| Unit Size | 9,941 SF | Sale Type | Investment |
| Price | $850,000 | Cap Rate | 7.60% |
| Price Per SF | $85.50 | NOI | $64,600 |
| Condo Use | Office/Retail |
| Unit Size | 9,941 SF |
| Price | $850,000 |
| Price Per SF | $85.50 |
| Condo Use | Office/Retail |
| Sale Type | Investment |
| Cap Rate | 7.60% |
| NOI | $64,600 |
DESCRIPTION
This spacious, 9,941 SF retail condo offers a flexible layout ideal for a variety of businesses. Located at the base of a historic, mixed-use residential building, the space benefits from excellent visibility, high foot traffic, and proximity to Chicago's bustling downtown area. The unit features large display windows, high ceilings, and versatile interior space that can be easily customized to suit a range of commercial uses, from retail to office or service-oriented businesses.
SALE NOTES
Jameson Commercial is pleased to present 633 S. Plymouth in Chicago, an excellent opportunity for armchair investors seeking a property with stable income and future upside. This well-located asset features three long-term tenants, each with leases expiring within the next two years, allowing for potential rent adjustments to current market rates. Investors can benefit from strong cash flow while implementing property updates, while users can also consider occupying the space, offsetting costs with rental income. Whether as a passive investment or an owner-occupied building, 633 S. Plymouth offers versatile income potential in a prime Chicago location.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 46 | - | 490 |
| 1+1 | 22 | - | 712 |
| 1+1.5 | 9 | - | - |
| 1+2 | 6 | - | - |
| 2+1 | 1 | - | - |
| 2+2 | 7 | - | - |
| 3+2 | 1 | - | - |
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633 S Plymouth Ct - Pope Building
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