$1,850,000

14 S Leavitt Street, Chicago, IL 60612

  • 8,000 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 2004
  • Property Lot Size Icon3,049sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $231/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Rare opportunity to find a newer construction apartment building at this price point with upside opportunity. This impressive 7-unit property, originally built as condos in 2004, offers an attractive real estate investment in a prime location. This solid brick and block construction building features elevator service to all floors. The building consists of six spacious 2-bedroom, 2-bathroom units and 1 store front (or 7th apt) and 6 attached garage spaces. The 7th unit features a separate entrance from the sidewalk, making it ideal for a small business office space or short-term rental. Located on the Near West Side of Chicago, walking distance to the United Center Arena, Madison St bus lines, Illinois Medical District, and expressways. Tenants will love the easy commutes and convenient access to amenities, entertainment, and transportation. Rents are considerably below market and present the opportunity to increase cash flow and ultimately property value, with new leases. We project an NOI of $143,006 and corresponding CAP rate of 7.7 when new rents are put in place. With its newer construction, prime location, feature-rich units, and the potential for future rent growth & value enhancement, this 7-unit apartment building represents a solid investment choice. Call today.

Listing Status:
Active
Listing Office:
Keller Williams ONEChicago : 516-353-0798
Listing Agent:
Kevin Hinton : 516-353-0798
MLS ID:
12470440
  • A/C: Central Air
  • General: Concrete Perimeter
  • Road/Access: City StreetAlley Access
  • Originating MLS: mred
  • County: Cook
  • Zoning: MULTI17181010930000
  • Current Use: Multi-Family
  • Source: mred

This listing courtesy of Kevin Hinton, Keller Williams ONEChicago

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  â€ 
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

D

Dett Elementary School

2131 W Monroe St, Chicago, IL, 60612

Grades PK-8

0.10 miles away

D

Dett Elementary School

2131 W Monroe St, Chicago, IL, 60612

Grades PK-8

0.10 miles away

N

Noble St Charter-Chicago Bulls Preparatory

2040 W Adams St, Chicago, IL, 60612

Grades 9-12

0.21 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listings Nearby