1140 W Wilson Ave - Apartments FOR SALE


Chicago, IL 60640
$6,750,000 USD
847-863-2707
1140 W Wilson Ave, Chicago, IL for Sale
$6,750,000 USD
Apartments - FOR SALE
1/6
null | 8.05% Cap Rate

1140 W Wilson Ave
Chicago, IL 60640


HIGHLIGHTS

  • Cap Rate 8.05%
  • Gross rent multiplier (GRM) 7.79 X $865,964 gross annual rent
  • Unique micro units offer affordable, efficient living in the heat of Uptown with easy access to the Wilson CTA stop

OVERVIEW

CRER has been retained to sell 1132-1140 W. Wilson Ave,“The Bachelor”, a distinctive opportunity to acquire a fully custom-renovated architectural masterpiece in the heart of Uptown. This property boasts micro-unit apartments on its upper floors, providing tenants with an unparalleled blend of affordability and luxury. Ownership stands to gain from leasing a unique product with minimal competition and efficient operational costs. Each apartment within The Bachelor showcases premium features, including in-unit laundry facilities, subway tiling, poured concrete floors, and glass-enclosed rain showers. The retail tenants benefit from the property’s proximity to the Wilson Red Line stop, as well as its strategic positioning across from Truman College

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$341 USD /SF

# OF UNITS

44

PRICE/UNIT

$153,409

CAP RATE

8.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Bachelor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

C1-5

APN/PARCEL ID

14-17-207-015-0000,14-17-207-017-0000

ASK ABOUT THIS PROPERTY

Steven RapoportChicago Real Estate ResourcesMore Info
847-863-2707

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Steven RapoportChicago Real Estate ResourcesMore Info
847-863-2707

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.