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732 W Grace St 15 Unit Apartment Building $8,300,000 ($553,333/Unit) Chicago, IL 60613
EXECUTIVE SUMMARY
732 W. Grace St. is a 15-unit, mixed-use building located approximately ¼ mile from both Lake Michigan and Wrigley Field in Chicago’s Lakeview neighborhood.
The fourteen renovated apartments feature stainless steel appliances, hardwood floors, granite countertops, in-unit laundry, and individual HVACs. There is a 4,700 square foot retail space, which has been occupied by The Pancake Café since 2018.
New ownership may be able to increase annual rental income by roughly 11% by increasing rents to market as units turn. The Property benefits from a pride of ownership that can be immediately seen and results in little to no deferred maintenance. Residents benefit from both high-quality apartments and excellent customer service.
732 W. Grace St. is conveniently located 0.5 miles from the Addison CTA Red Line Station and 0.5 miles from the Sheridan CTA Red Line Station.
The fourteen renovated apartments feature stainless steel appliances, hardwood floors, granite countertops, in-unit laundry, and individual HVACs. There is a 4,700 square foot retail space, which has been occupied by The Pancake Café since 2018.
New ownership may be able to increase annual rental income by roughly 11% by increasing rents to market as units turn. The Property benefits from a pride of ownership that can be immediately seen and results in little to no deferred maintenance. Residents benefit from both high-quality apartments and excellent customer service.
732 W. Grace St. is conveniently located 0.5 miles from the Addison CTA Red Line Station and 0.5 miles from the Sheridan CTA Red Line Station.
PROPERTY FACTS
| Price | $8,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $553,333 | Building Class | C |
| Sale Type | Investment | Building Size | 23,750 SF |
| No. Units | 15 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1896 |
| Property Subtype | Apartment |
| Price | $8,300,000 |
| Price Per Unit | $553,333 |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 23,750 SF |
| No. Stories | 3 |
| Year Built | 1896 |
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Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (79)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 14-21-102-015-0000 | Improvements Assessment | $216,225 |
| Land Assessment | $61,950 | Total Assessment | $278,175 |
PROPERTY TAXES
Parcel Number
14-21-102-015-0000
Land Assessment
$61,950
Improvements Assessment
$216,225
Total Assessment
$278,175
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732 W Grace St
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