1616 W 18th Place Chicago, IL · Adding to the multicultural mosaic is the neighboring area Heart...

8 Newly Renovated Apartments 1 Retail Space

Pilsen$1,740,000

1616 W 18th Place Chicago, IL

Owner

Stamp

Take a look at Pilsen

312.867.8744 | [email protected] |

Culture 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.

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]

Owner

Stamp

RENT ROLL


KITCHEN - STAINLESS STEEL APPLIANCES UPDATED BATHROOM

KITCHEN CABINETS / DISHWASHER BEDROOM - HARDWOOD FLOORING

RENTAL COMPS2104 W 18th Pl. Chicago, IL

1157 W 18th St. Chicago, IL

1641 W 21st St. Chicago, IL


UNK1

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

1UNK$1,500Remodeled

188421

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

720$1,600Remodeled

UNK2


1UNK$1,539White Appliances

UNK

11000$1,750

Remodeled



3

1151 W Erie, Chicago, IL 60642

2300 W 23rd, Chicago, IL 60608


1506 W Chicago, IL 60608

No. Of Units: 8 Year Built: 1885Sale Price:Price/Unit:

$1,800,000$225,000

Sold Date:


$3,100,000$238,461

Sold Date: 6/22/2017

1904No. Of Units: 7 Year Built:

Sale Price:Price/Unit:

$1,800,000$257,142



$1,996,000$285,142


SALES COMPS

312.867.8744| [email protected]

6/12/2017

1616 W 18th Place Chicago, IL · Adding to the multicultural mosaic is the neighboring area Heart...

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