1607 Le Moyne St, Chicago, IL 60622
4 Unit Apartment Building | $1,900,000 ($475,000/Unit) | 6.51% Cap Rate | Chicago, IL 60622
For Sale
Active
Asking Price $1,900,000
- Property Type
-
Multifamily
- Square Feet
- 5,225 SF
Listing Contacts
Brad Feldman
Harrison Pinkus
Property Overview
Interra Realty has been exclusively engaged to market 1607 W. LeMoyne for sale. The subject opportunity is a four-unit mixed-use, new construction property, built brand new in 2020, located in Chicago's Wicker Park Neighborhood on the corner of LeMoyne & Ashland. The three apartments consist of spacious (appx. 1,200 SF) two bedrooms-two bathrooms layouts. Each condo-quality unit features new hardwood floors, Italian kitchens with stainless steel appliances, and new porcelain bathrooms. Additionally, each apartment has individual HVAC units and individual hot-water heaters and spacious private outdoor decking.
The retail space has taken on a high-end buildout and is currently occupied by a hair salon that has a 5-year lease with an additional 5-year option.
Current ownership built this stunning property from the ground up in 2020 . The property features new everything, including building systems: plumbing and electric. Additionally, each apartment has its own personal outdoor space. The building also has garage parking, a rarity in the neighborhood, which parks three (3) cars.
The attached subject opportunity allows a new owner to step into an income-producing asset that is both well-located, impressively constructed, and completely stabilized.
Matterport Link for Virtual Walkthrough: https://my.matterport.com/show/?m=evZcLoMeuwc&
The retail space has taken on a high-end buildout and is currently occupied by a hair salon that has a 5-year lease with an additional 5-year option.
Current ownership built this stunning property from the ground up in 2020 . The property features new everything, including building systems: plumbing and electric. Additionally, each apartment has its own personal outdoor space. The building also has garage parking, a rarity in the neighborhood, which parks three (3) cars.
The attached subject opportunity allows a new owner to step into an income-producing asset that is both well-located, impressively constructed, and completely stabilized.
Matterport Link for Virtual Walkthrough: https://my.matterport.com/show/?m=evZcLoMeuwc&
Property Details
- Class
- C
- Year Built
- 2020
- Stories
- 4
- Lot Size (sq. ft)
- 1,742 SF
- Units
- 4
Highlights
- Dynamic Wicker Park location.
- Private outdoor space for each unit (approx. 1,800 SF in total).
- Rare, indoor garage parking on-site.
- Newly constructed building with high-end modern finishes.
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