1102-04 W 18th St Chicago, IL 60608 · vintage shops, independent coffee houses and quaint cafes alongside restaurants, bars, and grocers. Some highlights include Duseks Board & Beer,

12 Newly Renovated Apartments + 2 Commercial Spaces Pilsen

$3,375,000

1102-04 W 18th StChicago, IL 60608

Take a look at PilsenCulture thrives in Pilsen and invites you to explore the treasures that wait around every corner. Here bold murals have blossomed in the most unexpected places — on the fronts of homes, along railway overpasses, and wrapped around train platforms. The artful vibe continues within storefront galleries and studios, including Thalia Hall, A.P.O Cultural Center, national Museum of Mexican Art, and the Prospectus Art Gallery.

It's a neighborhood that pulses with a youthful spirit and is ever evolving. Thanks to this diversity, you'll find offbeat vintage shops, independent coffee houses and quaint cafes alongside restaurants, bars, and grocers. Some highlights include Duseks Board & Beer, May St. Cafe, Nightwood, Honky Tonk BBQ, and De Colores.

Adding to the multicultural mosaic is the neighboring area Heart of Chicago, anchored by several old-school Italian restaurants. But whether you're on 18th Street or Oakley Avenue, it's the strong cultural heritage and rich working class legacy that are the backbone of Chicago's Lower West Side neighborhoods.

312.867.8744 | [email protected] |

SUMMARY

ANNUALIZED OPERATING DATA

SCHEDULED INCOME

ESTIMATED ANNUALIZED EXPENSES

Multi-Residential-OperatingInformation

5425DennyAveNorthHollywood,CA91601

Summary

Price: $2,950,000DownPayment: $2,750,000NumberofUnits: 8CostperLegalUnit: $368,750CurrentGRM: 14.45CurrentCAP: 4.69%Approx.Age: 2016Approx.LotSize: 11,113Approx.BuildingSF: 6,980CostperNetGSF: $423AnnualizedOperatingData

ScheduledGrossIncome: 204,120LessVacancyRateReserve: (6,124) 3.0%GrossOperatingIncome: 197,996LessExpenses: (59,570) 29.2%NetOperatingIncome: 138,427Pre-TaxCashFlow: 138,427 5.0%

*Asapercentofthedownpayment

ScheduledIncome EstimatedAnnualizedExpenses

No. Bed/Bath Monthly Monthlyof Units SF Rent/Unit Income

4 1+1.5-725sf $1,801 $7,2053 2+2-956sf $2,403 $7,2101 2+2-1214sf $2,595 $2,595

Avg.Rent/Gr.Sq.Ft. $2.44TotalScheduledRent: $17,010 TotalExpenses: $59,570

PerNetSq.Ft.: $8.53MonthlyScheduledGrossIncome: $17,010 PerUnit: $7,446AnnualScheduledGrossIncome: $204,120

theaccuracyoftheinformation.Referencestosquarefootageorageareapproximate.Buyermustverifytheinformationandbearsallriskforanyinaccuracies.Thisinformationhasbeensecuredfromsourceswebelievetobereliable,butwemakenorepresentationsorwarranties,expressedorimpliedasto



Summary





Taxes: $36,875No. Bed/Bath Monthly Monthly Insurance $0.50/RSF $3,490

of Units SF Rent/Unit Income Utilities $55/Unt/Mnt $5,2804 1+1.5-725sf $1,801 $7,205 Repairs+Maintenance $35/Unt/Mnt $3,3603 2+2-956sf $2,403 $7,210 Trash,Pest,Gard,Etc $25/Unt/Mnt $2,4001 2+2-1214sf $2,595 $2,595 Off-siteManager 4.0% $8,165

Avg.Rent/Gr.Sq.Ft. $2.44TotalScheduledRent: $17,010

MonthlyScheduledGrossIncome: $17,010AnnualScheduledGrossIncome: $204,120




Summary





Taxes: $36,875Insurance $0.50/RSF $3,490Utilities $55/Unt/Mnt $5,280Repairs+Maintenance $35/Unt/Mnt $3,360Trash,Pest,Gard,Etc $25/Unt/Mnt $2,400Off-siteManager 4.0% $8,165






Summary





Taxes: $36,875No. Bed/Bath SF Monthly Monthly Insurance $0.50/RSF $3,490

of Units Rent/Unit Income Utilities $55/Unt/Mnt $5,2804 1+1.5 725sf $1,801 $7,205 Repairs+Maintenance $35/Unt/Mnt $3,3603 2+2 956sf $2,403 $7,210 Trash,Pest,Gard,Etc $25/Unt/Mnt $2,4001 2+2 1214sf $2,595 $2,595 Off-siteManager 4.0% $8,165

TotalExpenses: $59,570PerNetSq.Ft.: $8.53PerUnit: $7,446




Summary



Taxes: $36,875No. Bed/Bath Monthly Monthly Insurance $0.50/RSF $3,490

of Units SF Rent/Unit Income Utilities $55/Unt/Mnt $5,2804 1+1.5-725sf $1,801 $7,205 Repairs+Maintenance $35/Unt/Mnt $3,3603 2+2-956sf $2,403 $7,210 Trash,Pest,Gard,Etc $25/Unt/Mnt $2,4001 2+2-1214sf $2,595 $2,595 Off-siteManager 4.0% $8,165






Summary

NumberofUnits: 8CostperLegalUnit: $368,750CurrentGRM: 14.45CurrentCAP: 4.69%Approx.Age: 2016Approx.LotSize: 11,113Approx.BuildingSF: 6,980CostperNetGSF: $423AnnualizedOperatingData











Summary

Price: $2,950,000DownPayment: $2,950,000









312.867.8744 | [email protected]

RENT ROLL


RENTAL COMPS1215-1225 W 18th St. Chicago, IL

1157 W 18th St. Chicago, IL

1641 W 21st St. Chicago, IL

1629 S Throop St. Chicago, IL

18923

Year Built: Beds: Baths: Sq. Ft.: Price: Notes:

11,550$2,245 Remodeled

188421


720$1,600Remodeled

UNK2


1UNK$1,539White Appliances

1875

1600$1,250Remodeled



1

Primary Photo Plat Map

Building Images

DateSale Type

Sold Price

Financing

$1,800,000 ($257,143/Unit)Mar 2017InvestmentDown Payment of $240,000 (13.33%) 1st Mortgage: First American Bank Bal/Pmt: $1,560,000/-

-Updated May 15, 2017

Beds Units Avg SF Asking Rent/Unit Asking Rent/SF Concessions1 1 - - - -2 6 - - - -Totals 7 - - -

2300 W 23rd St Chicago, IL 60608 - Lower West Side MF Submarket7 Unit Class C Multi-Family Apartment Building Built in 1904

Sale Unit Mix


SALES COMPS

Documents

1102-04 W 18th St Chicago, IL 60608 · vintage shops, independent coffee houses and quaint cafes alongside restaurants, bars, and grocers. Some highlights include Duseks Board & Beer,