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    1921 Jefferson Street

    Chicago, IL 60616
    • $1,800,000
    • STATUS: Active
    • ON SITE: 262 days
    • MLS #: 10605714
    $1,800,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,000
      SQFT
    • $225
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2020
    County:

    School Ratings & Info

    Description

    NEW HI END 4 UNIT. LUXURY CONSTRUCTION 3 HUGE APARTMENTS & 1 STOREFRONT OFFICE READY FOR YOUR PORTFOLIO. THIS 7+ CAPPER LIES IN THE EASTERN MOST POCKET OF PILSEN BORDERING THE SOUTH LOOP & SITS ON A RARE EXTRA LONG LOT THAT ALLOWS FOR HUGE 106' LONG BUILDING AND DOULBE THE PARKING SPACE(34' long spaces fit 2 cars tandem). IT'S WELL PRICE IS EVIDENT IN IT'S GRM WITH A MULTIPLIER OF 11.5 + and IT'S A NEW BUILT- WHY BUY REHABS WHEN YOU HAVE CONDO QUALITY TO CASHFLOW FOR YEARS AS THE PLANNED UNIT DEVELOPMENT GOES IN ACROSS THE STREET AND THEN SELL CONDO LATER. LOCATION IN "RIVER'S EDGE OF EAST PILSEN" IS ABOUT TO APPRECIATE. THIS 4 UNIT BUILDING IS UNDER CONSTRUCTION AND FINISH DATE IS MAY 2020. BASED ON MARKET RENT COMPARABLES FROM WITHIN 3 BLOCKS ONCE FULLY RENTED.....ONE STOREFRONT AND THREE LARGE 3 BED 2.1 BATH LUXURY APARTMENTS WILL BE FINISHED ABOVE CONDO QUALITY(QUARTZ COUNTERS, SS QUALITY APPLIANCES, FULL LAUNDRY IN UNIT IN EACH UNIT, ROOF VIEW/ACCESS FOR EACH UNIT, FRONT AND REAR BALCONY FOR EACH. 2 PARKING SPACES(TANDEM) FOR EACH UNIT. THIS LOCATION IS ACROSS THE STREET FROM A MULTI-BUILDING PLANNED UNIT DEVELOPMENT OF 320+ RESIDENTIAL UNITS AND A MID-RISE RETAIL COMPLEX AND 2 BLOCKS FROM "RADIUS" ...A 4000 SEAT PLANNED MUSIC VENUE ON CERMAK. OVER 12 NEW SCATTERED SITE RESIDENTIAL NEW CONSTRUCTION PROJECTS ALSO UNDERWAY WITHIN 3/4 MILE ...... 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. EMAIL FOR OM

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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 RE/MAX IMPACT. Based on information submitted to the MRED as of 2020-09-26T23:50:11.093 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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    1921 Jefferson Street Chicago, IL 60616

    • Price: $1,800,000
    • Status: Active
    • MLS #: 10605714
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    8,000
    SQFT
    $225
    $/SQFT
    2020
    Built
    Neighborhood:
    Chi - Lower West Side
    County:
    Cook
    Area:
    Chi - Lower West Side
    Property Description
    NEW HI END 4 UNIT. LUXURY CONSTRUCTION 3 HUGE APARTMENTS & 1 STOREFRONT OFFICE READY FOR YOUR PORTFOLIO. THIS 7+ CAPPER LIES IN THE EASTERN MOST POCKET OF PILSEN BORDERING THE SOUTH LOOP & SITS ON A RARE EXTRA LONG LOT THAT ALLOWS FOR HUGE 106' LONG BUILDING AND DOULBE THE PARKING SPACE(34' long spaces fit 2 cars tandem). IT'S WELL PRICE IS EVIDENT IN IT'S GRM WITH A MULTIPLIER OF 11.5 + and IT'S A NEW BUILT- WHY BUY REHABS WHEN YOU HAVE CONDO QUALITY TO CASHFLOW FOR YEARS AS THE PLANNED UNIT DEVELOPMENT GOES IN ACROSS THE STREET AND THEN SELL CONDO LATER. LOCATION IN "RIVER'S EDGE OF EAST PILSEN" IS ABOUT TO APPRECIATE. THIS 4 UNIT BUILDING IS UNDER CONSTRUCTION AND FINISH DATE IS MAY 2020. BASED ON MARKET RENT COMPARABLES FROM WITHIN 3 BLOCKS ONCE FULLY RENTED.....ONE STOREFRONT AND THREE LARGE 3 BED 2.1 BATH LUXURY APARTMENTS WILL BE FINISHED ABOVE CONDO QUALITY(QUARTZ COUNTERS, SS QUALITY APPLIANCES, FULL LAUNDRY IN UNIT IN EACH UNIT, ROOF VIEW/ACCESS FOR EACH UNIT, FRONT AND REAR BALCONY FOR EACH. 2 PARKING SPACES(TANDEM) FOR EACH UNIT. THIS LOCATION IS ACROSS THE STREET FROM A MULTI-BUILDING PLANNED UNIT DEVELOPMENT OF 320+ RESIDENTIAL UNITS AND A MID-RISE RETAIL COMPLEX AND 2 BLOCKS FROM "RADIUS" ...A 4000 SEAT PLANNED MUSIC VENUE ON CERMAK. OVER 12 NEW SCATTERED SITE RESIDENTIAL NEW CONSTRUCTION PROJECTS ALSO UNDERWAY WITHIN 3/4 MILE ...... 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. EMAIL FOR OM
    Exterior Features

    Construction BrickConcreteConcrete BlockSteelStone Foundation Concrete Frontage Access City StreetInterstateSignal IntersectionUS HighwayOther Location Central Business DistrictCommercial Business ParkMixed Use AreaRiverfrontPublic Transport Avail Lot Dimensions 25 X 154 Lot Sq Ft 3850 Number Of Parking Spaces 6 Roof Coverings MembraneReflective Coating Roof Structure Flat

    Interior Features

    Air Conditioning Central Air Fire Protection Partially Sprinklered Indoor Parking 1-5 Spaces Miscellaneous Inside Inside Corridor/SMulti-TenantPre-Wired Pc Network Number Of Apts 3 Number Of Dishwashers 3 Number Of Disposals 3 Number Of Dryers 3 Number Of Fireplaces 0 Number Of Offices 1 Number Of Ranges 3 Number Of Refrigs 4 Number Of Stores 0 Number Of Stories 4 Number Of Washers 3 Outdoor Parking 6-12 Spaces

    Property Features

    Age New Construction Built Before1978 YN No Current Use CommercialCondominium Electric Expense Source Owner Projection Electrical Service Over 600 Amps Electricity Expense 400 Expense Year 2020 Exterior Building Type BrickBlock Fuel Expense 0 Fuel Expense Source Actual Geographic Locale Downtown Chicago Green Features Low Flow CommodeLow Flow Fixtures Gross Rental Income Amount 153000 Heat Ventilation Central Heat/Indiv Controls Insurance Expense 2000 Insurance Expense Source Owner Projection Miscellaneous Outside Balcony/IesEnclosed StairsSecurity SystemStorms And Screens (As Exist)Sun DeckOther Net Oper Income Amount 129640 Net Operating Income Year 2020 Number Of Tenants 0 Number Of Window Ac 0 Other Expense Source Owner Projection Other Expenses 17500 Owners Assoc YN No Potential Use CommercialCondominiumOffice And ResearchResidential-Multi-FamilyRetailSpecial Use Rental Price 1 Seller Will Will Divide Tax Year 2018 Taxes 4000 Tenant Pays ElectricHeat Total Annual Exp 23000 Total Annual Expense Source Combination Total Annual Income 153000 Total Monthly Income 12750 Unincorporated YN No Washer Dryer Lsd YN No Water Drainage Drain TilesStorm Sewers Water Expense 1800 Water Expense Source Owner Projection Zoning Type Multi

    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 RE/MAX IMPACT. Based on information submitted to the MRED as of 2020-09-26T23:50:11.093 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.

    Digital Millennium Copyright Act
     
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