919-927 S Loomis ST, Chicago, IL 60607 – 12212892 - Sara Macak

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Sara Macak

saramacak1@gmail.com +1(630) 207-6658

$2,995,000

Est. payment - /mo

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UPDATED:

11/20/2024 08:45 PM

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12212892

Maintenance Fees $15,100

Year Built 1889

Annual Tax Amount $32,526

Tax Year 2023

Lot Dimensions 50X150

Property Description

919-927 S Loomis St, 15-unit Trophy Asset located in one of Chicago's most historic neighborhoods, Little Italy. 9.94 GRM / 7.12 CAP. Value-add opportunity with below average rents for 10 residential units comprised of (8) 2 bed/1 bath and (2) 3 bed/1 bath. Coin laundry in basement. Additionally, 5 ground level retail with high 12 ft ceilings, central a/c, duplex down storage rooms and bathrooms. Roof tear off, new sewers, and new deck over the past decade. Short walk to the Pink and Blue Line trains and many boutiques, restaurants and nightlife on Taylor Street. The location is attractive to tenants because of the close proximity to Chicago's trendiest areas, walking distance to UIC with over 30,000 students enrolled, Illinois Medical District and Pilsen neighborhoods. This building represents a unique opportunity to acquire solid real estate in a prime location with a good unit mix in an area that has constant rental demand and very few transactions. Offering Memorandum and Floor Plans under "Additional Documents" and check out the exclusive Drone video. Successful 2024 Tax Appeal from 256,900 proposed assessed value to revised 228,300 (18,000 savings).

Location

State IL

County Cook

Area Chi - Near West Side

Interior

Fireplace N

Building

Dwelling Type Multi Family 5+

Level or Stories 3

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Listed by Giancarlo Iannotta • MO2 Brokerage LLC

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Sara Macak

Broker | License ID: 475.193648

+1(630) 207-6658