1435 W Lexington St - Apartments FOR SALE


Chicago, IL 60607- Little Italy
$1,500,000 USD
630-546-0254
1435 W Lexington St, Chicago, IL for Sale
$1,500,000 USD
Apartments - FOR SALE
1/65
null | 7.21% Cap Rate

1435 W Lexington St
Chicago, IL 60607
Little Italy


OVERVIEW

Welcome to 1435 W Lexington St, an oversized 6 unit all brick building in the heart of Little Italy! RARELY available, this meticulously maintained building has undergone significant updates including complete tuckpointing, updated plumbing / electrical, new windows with aluminum wrap on the front, newer central heating systems / furnaces, updated kitchens and bathrooms, re-faced chimneys, caulked / seal-coated roof, and paint throughout just to highlight a short list! The common areas are in impeccable condition, with the patio and balconies recently brushed down to the base concrete / wood and repainted. Each updated unit exudes charm, featuring hardwood floors, abundant natural light from numerous windows, soaring 9-foot ceilings, crown molding, spacious kitchens, AC units, ceiling fans, and storage. Rear residents can enjoy their own balconies with sitting area and the whole building has the convenience of an on-site full laundry room, with ample street parking available, and the potential for the future owner to build out a rooftop deck with downtown skyline views. Situated on a picturesque, tree-lined street with dollar homes, this prime location is within walking distance Taylor St, Rush Medical, UIC, an array of restaurants / bars that Little Italy offers, and the beautiful Arrigo Park. Just moments away from the Blue / Pink Lines, CTA Bus, 290, 90/94, The Loop, and everything else the city offers! Don't miss out on this incredible investment opportunity that offers a great return, it will not last! Make it yours today!

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

6

PRICE/UNIT

$250,000

CAP RATE

7.21%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Multi-Unit

APN/PARCEL ID

17-17-304-010-0000

ASK ABOUT THIS PROPERTY

Tim LorimerCompassMore Info
630-546-0254

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

Tim LorimerCompassMore Info
630-546-0254

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