1935 Canalport Avenue

    Chicago, IL 60616
    • $1,790,000
    • STATUS: Active
    • ON SITE: 61 days
    • MLS #: 10594653
    UPDATED: 66 min ago
    $1,790,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,000
      SQFT
    • $199
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2019
    County:

    School Ratings & Info

    Description

    NEW CONSTRUCTION 5 UNIT 7+ CAPPER IN POCKET OF HOT EAST PILSEN THAT'S ABOUT TO EXPLODE. ALL UNITS LEASED WITH GROSS RENT ROLL OF $161400 ANNUAL OFFERING A 11.2 MULTIPLIER( GRM) THERE ARE FOUR LARGE JUMBO 2000 SF 3 BED LUXURY APARTMENTS AND ONE STOREFRONT. THE APARTMENTS ARE FINISHED TO CONDO QUALITY(QUARTZ COUNTERS, SS QUALITY APPLIANCES, FULL LAUNDRY IN UNIT IN EACH UNIT, ROOF VIEW/ACCESS FOR PENTHOUSE UNITS, BALCONY FOR OTHER , UPGRADED TRIM & WINDOW PACKAGE,4+ PARKING SPACES... ETC)..... COMPARE THIS mid 11 ANNUALIZED MULTIPLIER TO THE OTHER USED/OLDER REHAB COMPETITION. BEYOND THE CASH FLOW THERE IS THE APPRECIATION. THIS LOCATION IN RIVER'S EDGE OF EAST PILSEN IS 100 YARDS AWAY FROM A MULTI-BUILDING PLANNED UNIT DEVELOPMENT OF 320+ RESIDENTIAL UNITS AND A MID-RISE RETAIL COMPLEX. IN ADDITION THIS PART OF EAST PILSEN HAS OVER 12 NEW SCATTERED SITE RESIDENTIAL NEW CONSTRUCTION PROJECTS EAST OF THE EXPRESSWAY( WITHIN BLOCKS). .......THE NEWLY ANNOUNCED "RADIUS" LIVE MUSIC VENUE to OPEN in 2020 LIES A FEW BLOCKS SOUTH ON CERMAK. ....WALK ACROSS THE 18th st BRIDGE ON FOOT TO THE SOUTH LOOP OR WALK UP TO ROOSEVELT TO WHOLE FOODS, ICON THEATRES AND THE WHOLE SHOPPING DISTRICT OF THE ROOSEVELT COORIDOR.... JUMP ON I90-94, I 55 in MOMENTS. TAKE METRA, BUS STOPS, EL AND METRA-- ALL NEARBY IN PILSEN.

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Helen Oliveri Real Estate. Based on information submitted to the MRED as of 2020-02-18T12:51:48.493 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.chicagolandexclusivehomes.com/homes/101794368

    1935 Canalport Avenue Chicago, IL 60616

    • Price: $1,790,000
    • Status: Active
    • Updated: 66 min ago
    • MLS #: 10594653
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    9,000
    SQFT
    $199
    $/SQFT
    2019
    Built
    Neighborhood:
    Chi - Lower West Side
    County:
    Cook
    Area:
    Chi - Lower West Side
    Property Description
    NEW CONSTRUCTION 5 UNIT 7+ CAPPER IN POCKET OF HOT EAST PILSEN THAT'S ABOUT TO EXPLODE. ALL UNITS LEASED WITH GROSS RENT ROLL OF $161400 ANNUAL OFFERING A 11.2 MULTIPLIER( GRM) THERE ARE FOUR LARGE JUMBO 2000 SF 3 BED LUXURY APARTMENTS AND ONE STOREFRONT. THE APARTMENTS ARE FINISHED TO CONDO QUALITY(QUARTZ COUNTERS, SS QUALITY APPLIANCES, FULL LAUNDRY IN UNIT IN EACH UNIT, ROOF VIEW/ACCESS FOR PENTHOUSE UNITS, BALCONY FOR OTHER , UPGRADED TRIM & WINDOW PACKAGE,4+ PARKING SPACES... ETC)..... COMPARE THIS mid 11 ANNUALIZED MULTIPLIER TO THE OTHER USED/OLDER REHAB COMPETITION. BEYOND THE CASH FLOW THERE IS THE APPRECIATION. THIS LOCATION IN RIVER'S EDGE OF EAST PILSEN IS 100 YARDS AWAY FROM A MULTI-BUILDING PLANNED UNIT DEVELOPMENT OF 320+ RESIDENTIAL UNITS AND A MID-RISE RETAIL COMPLEX. IN ADDITION THIS PART OF EAST PILSEN HAS OVER 12 NEW SCATTERED SITE RESIDENTIAL NEW CONSTRUCTION PROJECTS EAST OF THE EXPRESSWAY( WITHIN BLOCKS). .......THE NEWLY ANNOUNCED "RADIUS" LIVE MUSIC VENUE to OPEN in 2020 LIES A FEW BLOCKS SOUTH ON CERMAK. ....WALK ACROSS THE 18th st BRIDGE ON FOOT TO THE SOUTH LOOP OR WALK UP TO ROOSEVELT TO WHOLE FOODS, ICON THEATRES AND THE WHOLE SHOPPING DISTRICT OF THE ROOSEVELT COORIDOR.... JUMP ON I90-94, I 55 in MOMENTS. TAKE METRA, BUS STOPS, EL AND METRA-- ALL NEARBY IN PILSEN.
    Exterior Features

    Construction BrickSteelStone Foundation Concrete Frontage Access City Street Land Amenities Children's Play YardCurbs And GuttersLighting/ExteriorSecurity EntranceSidewalksOtherCable Ready Location Central Business DistrictCornerIndustrial Area/CampusMixed Use AreaShopping CenterPublic Transport AvailFree Standing/UrbanEmpowerment ZoneEnterprise ZoneTif Zone Lot Dimensions 97.5 X 95 X 112 X 36.64 Lot Sq Ft 6320 Number Of Parking Spaces 16 Roof Coverings MembraneReflective Coating Roof Structure Flat

    Interior Features

    Air Conditioning Central Air Basement Description Finished Fire Protection Fire Extinguisher/SOtherCarbon Monoxide Detector(S) Miscellaneous Inside Storage Inside Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Type7 0 Number Of Bedrooms Unit1 3 Number Of Bedrooms Unit2 0 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 Number Of Dishwashers 4 Number Of Disposals 4 Number Of Dryers 1 Number Of Full Bathrooms Type1 2 Number Of Full Bathrooms Type2 1 Number Of Ranges 4 Number Of Refrigs 4 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 9 Number Of Rooms Unit2 2 Number Of Rooms Unit3 0 Number Of Rooms Unit7 0 Number Of Stories 2 Number Of Units Apt Type1 4 Number Of Units Apt Type2 1 Number Of Units Apt Type3 0 Number Of Units Apt Type4 0 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Number Of Washers 1 Outdoor Parking 1-5 Spaces Repairs Decor Expense 500

    Property Features

    Age New Construction Built Before1978 YN No Current Use Residential-Multi-Family Electric Expense Source Combination Electrical Service Circuit BreakersSeparate Meters0-100 Amps101-200 Amps201-600 AmpsOther/Unknown Electricity Expense 400 Expense Year 2019 Exterior Building Type Brick Fuel Expense 0 Fuel Expense Source Actual Green Features Low Flow CommodeLow Flow Fixtures Gross Rental Income Amount 13400 Heat Ventilation Central Heat/Indiv ControlsForced AirGasZoned Insurance Expense 2500 Insurance Expense Source Combination Janitor Expense 1800 Janitor Expense Source Broker Projection Miscellaneous Outside Balcony/IesCourtyardEnclosed StairsFire EscapePatioSecurity GateSecurity LightingSecurity SystemStorms And Screens (As Exist)Sun DeckTrash Compactor Monthly Income Max1 3700 Monthly Income Max2 2000 Net Oper Income Amount 2019 Net Operating Income Year 2019 Other Expense Source Owner Projection Other Expenses 500 Owners Assoc YN No Possession ClosingTenant's Rights Potential Use CommercialCondominium Sale Terms Conventional Seller Will Add CashAdd Existing PaperAdd Management Tax Year 2017 Taxes 4212.34 Tenant Pays Air ConditioningElectricHeatHot Water Total Annual Exp 134400 Total Annual Expense Source Owner Projection Total Annual Income 161400 Total Monthly Income 13400 Township Hyde Park Type Multi Family Corridor-Exterior EntranceCourtyardFlatsCondo/Townhouse Unincorporated YN Yes Utilities To Site Sanitary Sewer To SiteWater-Municipal Washer Dryer Lsd YN No Water Expense 250 Water Expense Source Combination Zoning Type Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Better Living Realty.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Helen Oliveri Real Estate. Based on information submitted to the MRED as of 2020-02-18T12:51:48.493 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    Helen Oliveri Real Estate
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