$2,995,000
( )
 $16,078 est/mo Sourced by Back At You

919-927 S Loomis Street , Chicago, IL 60607

Chicago, IL 60607

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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).

Details

MLS#12212892
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive Under Contract
Year1889
Days On Site87
Listing Provided ByMO2 Brokerage LLC | Giancarlo Iannotta

Features

Story(s)3
Units15

Market Activity 60607

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Listings Checked: 1 minute ago
StateIL
CountyCook
CityChicago
Zip Code60607
AreaCHI Near West Side
Listing VS Median (in 60607)
Price:
$2,995,000
low | high
Med:
$381,500
100% of Average
On Site:
87
low | high
Med:
23.000000
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $0 - $0
SqFt: 0 - 0
Nearby Listings Property ImageNearby Listings Details
1436 W Lexington St Property Photo 1
$0
1436 W Lexington St
Chicago, IL 60607
Listing Updated: January 1, 2025 at 12:17:38 AM PST