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Leavitt Town Lofts 6 Properties Offered at $9,000,000 in Chicago, IL



EXECUTIVE SUMMARY
The Leavitt Town Lofts Portfolio represents a rare multi-asset urban assemblage strategically positioned in one of Chicago’s most dynamic infill industrial corridors. Comprising a mix of industrial warehouse, office, event space, and surface parking lots, the portfolio provides highly diversified income streams, tenant profiles, and use cases—creating resiliency and upside within a tightly supplied submarket.
This portfolio offers investors stable in-place cash flow with strong repositioning upside—ideal for value-add, industrial expansion, or longer-term hold strategies seeking diversified yield.
The portfolio spans four complementary property types:
1. Industrial Warehouse
Core stabilized industrial space with below-market rents relative to comparable West-Side and near-downtown submarkets.
Strong demand tailwinds from logistics, last-mile distribution, and trades users.
Flexible bay sizes that appeal to both small and midsize operators.
2. Office / Flex Space
Ancillary administrative and creative office uses support industrial tenancy.
Opportunity to modernize and convert select areas into higher-rent flex suites.
3. Event / Specialty Use Space
Unique urban event space with character that commands premium short-term rental rates.
Seasonal volatility is offset by diversification across the portfolio.
4. Surface Parking Lots
Valuable urban land component with low operating costs.
Highly adaptable—supports fleet storage, logistics operations, or future redevelopment.
This portfolio offers investors stable in-place cash flow with strong repositioning upside—ideal for value-add, industrial expansion, or longer-term hold strategies seeking diversified yield.
The portfolio spans four complementary property types:
1. Industrial Warehouse
Core stabilized industrial space with below-market rents relative to comparable West-Side and near-downtown submarkets.
Strong demand tailwinds from logistics, last-mile distribution, and trades users.
Flexible bay sizes that appeal to both small and midsize operators.
2. Office / Flex Space
Ancillary administrative and creative office uses support industrial tenancy.
Opportunity to modernize and convert select areas into higher-rent flex suites.
3. Event / Specialty Use Space
Unique urban event space with character that commands premium short-term rental rates.
Seasonal volatility is offset by diversification across the portfolio.
4. Surface Parking Lots
Valuable urban land component with low operating costs.
Highly adaptable—supports fleet storage, logistics operations, or future redevelopment.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
$699,819
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$699,819
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$292,069
|
| Net Operating Income |
$407,750
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $699,819 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $699,819 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $292,069 |
| Net Operating Income | |
|---|---|
| Annual | $407,750 |
PROPERTY FACTS
| Price | $9,000,000 | Number of Properties | 6 |
| Price / SF | $81.80 / SF | Individually For Sale | 0 |
| Cap Rate | 4.53% | Total Building Size | 110,026 SF |
| Sale Type | Investment or Owner User | Total Land Area | 4.02 AC |
| Status | Active |
| Price | $9,000,000 |
| Price / SF | $81.80 / SF |
| Cap Rate | 4.53% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 110,026 SF |
| Total Land Area | 4.02 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Leavittown Lofts
324 N Leavitt St, Chicago, IL 60612 |
Flex | 63,000 SF | 1888 | - |
| 322 N Leavitt St, Chicago, IL 60612 | Flex | 10,000 SF | 1989 | - |
| 329 N Bell St, Chicago, IL 60612 | Industrial | 23,526 SF | 1936 | - |
| 339 N Bell Ave, Chicago, IL 60612 | Industrial | 13,500 SF | 1899 | - |
|
Pmd#4 Zoned Lot
344 N Bell Ave, Chicago, IL 60612 |
Land | 0.32 AC | - | - |
| 340 Bell ave, Chicago, IL 60612 | Land | 0.08 AC | - | - |
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Leavitt Town Lofts
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