1645 N Clybourn Ave - Apartments FOR SALE


Chicago, IL 60614- DePaul
$1,588,000 USD
312-888-5486
1645 N Clybourn Ave, Chicago, IL for Sale
$1,588,000 USD
Apartments - FOR SALE
1/25
null | 6% Cap Rate

1645 N Clybourn Ave
Chicago, IL 60614
DePaul


HIGHLIGHTS

  • 6% existing cap building with excellent condition in the best neibourhood of Chicago, 7% easy pro forma cap.
  • A size-able building out basement with bathroom and an office space can be value added.
  • The retail business renewed another 5 year lease until 10/31/29.

OVERVIEW

4 Units plus a sizable built-out basement (with bathroom) mix-used building for sale in Lincoln Park. 100% occupied with high-credit tenants. 6% existing cap with a 7% pro-forma cap. The retail tenant just renewed another 5-year lease until 10/31/29. This building is located on the famous Clybourn Ave. 3 min walking distance from the Apple flagship Store, there are only 2 Apple flagship stores in the city of Chicago. All units including the storefront are in good condition and rehabbed within the last 10 years, they all have central heat, air / separate utilities individual balconies, and locker rooms in the basement. 4 parking spaces are in the back of the building and the common roof deck with a view of the skyline. Ample national retail brands, grocery stores, and restaurants are nearby which makes this building always easy to rent.

FOR SALE DETAILS

PRICE

$1,588,000 USD

PRICE/SF

$294 USD /SF

# OF UNITS

4

PRICE/UNIT

$397,000

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mixed-Use Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1998

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

B1-3

APN/PARCEL ID

14-32-425-031-0000

ASK ABOUT THIS PROPERTY

Tony LiuYoumu VenturesMore Info
312-888-5486

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Tony LiuYoumu VenturesMore Info
312-888-5486

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