Building Futures

3 unit – Condo/Rental East Village-West Town

Classic Chicago Brick 3 unit – 3 Story + Basement stands the test of time and is perfect for owner occupied rental or Condos

These units are in demand both as condos and rentals in this hot area. Nicely finished condos have sold out as soon as construction is finished.

CAP rates for older 3 unit buildings in West town are at currently 4.08, so our projection of finished value at 4.2 CAP is conservative. 

Status:              Proposed – Updated Feb 2022

Property Type:        3 Condo/Rentals

Sub-Type:            Residential Income

Building Size:        5,000 SF 

Actual Cap Rate:            5.15%

Document List For Investors

FINANCIAL SUMMARY – PRO FORMA  2022-23  

These are nearby comps for condos in similar buildings. 924 Wood St is probably most similar and just completed.

Listing Photo
Temporarily No Showings
1839 W Iowa St Unit 2
Chicago, IL 60622
2
Beds
2
Baths
1400
Sqft
MLS #: 11244282
$499,000

Listing Photo
Active
877 N Marshfield Ave Unit 2
Chicago, IL 60622
2
Beds
2
Baths
N/A
Sqft
MLS #: 11227484
$539,000

Listing Photo
Contingent
1537 W Walton St Unit 3
Chicago, IL 60642
2
Beds
2
Baths
N/A
Sqft
MLS #: 11294839
$724,900

Listing Photo
Contingent
924 N Wood St Unit 3
Chicago, IL 60622
2
Beds
2
Baths
1272
Sqft
MLS #: 11262814
$689,000

Listing Photo
Active
1423 W Huron St Unit 2
Chicago, IL 60642
2
Beds
2
Baths
N/A
Sqft
MLS #: 11235934
$550,000

Listing Photo
Active
1423 W Huron St Unit 1
Chicago, IL 60642
3
Beds
3
Baths
2500
Sqft
MLS #: 11245829
$845,000

Listing Photo
Contingent
1106 N Marshfield Ave Unit 2
Chicago, IL 60622
2
Beds
2
Baths
N/A
Sqft
MLS #: 11309968
$585,000

Listing Photo
Contingent
924 N Wood St Unit 1
Chicago, IL 60622
3
Beds
2.1
Baths
2312
Sqft
MLS #: 11262823
$799,000

Listing Photo
Contingent
924 N Wood St Unit 2
Chicago, IL 60622
2
Beds
2
Baths
1271
Sqft
MLS #: 11294730
$549,000