921 W Wilson Ave - Apartments FOR SALE


Chicago, IL 60640- Uptown Chicago
$2,400,000 USD
847-809-8979
921 W Wilson Ave, Chicago, IL for Sale
$2,400,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

921 W Wilson Ave
Chicago, IL 60640
Uptown Chicago


HIGHLIGHTS

  • 12-space parking lot
  • The zoning of the site is B3-5 which has an FAR multiple of 5 allowing for a maximum building size of 43,000 SF as of right
  • Ability to redevelop it into 38-42 units on the existing land

OVERVIEW

The attached subject opportunity is currently a seven-unit apartment building that’s sitting on a 60’x143.44 (8613 SF) lot in the heart of Chicago’s Uptown Neighborhood. In addition, there is an existing 12-space parking lot in the rear of the building. The zoning of the site is B3-5 which has an FAR multiple of 5 allowing for a maximum building size of 43,000 SF as of right. The attached subject opportunity allows for a new owner to step into an asset that is already income-producing with the ability to redevelop it into 38-42 units on the existing land.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$240 USD /SF

# OF UNITS

7

PRICE/UNIT

$342,857

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1913

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

B3-5

APN/PARCEL ID

14-17-220-006-0000

ASK ABOUT THIS PROPERTY

Harrison PinkusInterra RealtyMore Info
847-809-8979

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Harrison PinkusInterra RealtyMore Info
847-809-8979

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