Properties

Address Map
US
IL
Cook
Chicago
60607
Loomis
919-927
Street
E0° 0' 0''
N0° 0' 0''
Go east of Ashland two blocks on Taylor Street and then north on Loomis
CHI - Near West Side
CHI - Near West Side
S
S
Additional Information
Service - 201 to 600 Amps
Service - 201 to 600 Amps
50X150
15
15
3
MO2 Brokerage LLC
Giancarlo Iannotta
Financial
32526
Listing Information
1006406
84893
MRED
Listing Information
Active
2024-09-16T21:05:01Z
2024-07-31T05:05:26Z
Property Description

919-927 S Loomis, 15-unit Trophy Asset located in one of Chicago’s most historic neighborhoods, Little Italy. True 7% CAP / 10.20 GRM 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).

Commercial Sale For Sale

919-927 S Loomis Street, Chicago, Illinois 60607

$3,195,000
Listing ID#12116964
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Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12116964
Price : $3,195,000
Year Built : 1889
Listing Status : Active
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