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2516-20 West Harrison Street, Chicago, IL 60612

$2,985,000

  • For Sale
  • Active
  • Commercial
  • 9 Parking Spaces
2516-20 West Harrison Street, Chicago, IL 60612 View this property at 2516-20 West Harrison Street, Chicago, IL 60612
2516-20 West Harrison Street Chicago IL 60612

Property Description

Tri-Taylor/Medical District- Series of Three New Construction 3 Unit Buildings; 6.41 Cap Rate. Absolute Complete Turnkey Opportunity for the discerning investor. Located a block from the Western Blue Line entrance and moments from the 290 on-ramp. Area enjoys fast turnaround on rentals, low vacancy rates and excellent rents as it supplies much of the Illinois Medical District and is a great West Loop alternative. Built at grade- All units 2 bed/ 2 bath-Complete Condo quality design and finish including Stainless appliances, Oversized single bowl sink, quartz counter tops, transitional design, Stained hardwood floors, separate HVAC, washer/dryers in unit, extra large showers in the Master bath with handheld & bench, 3 car parking per
building. Ready for occupancy and actively leasing up- Proforma $191,450 perfectly positioned for spring market. Could be sold individually; 2516, 2518 & 2520 W Harrison. Please request our Offering Memorandum.

Full Property Details for 2516-20 West Harrison Street

  • Price: $2,985,000
  • Taxes: $2,694 (2015)
  • Status: Active
  • Type: Commercial
  • MLS ID: 09505748
  • Updated: 2/22/2017
  • Added: 37 day(s) ago

Property History

  • 2516-20 West Harrison Street, Chicago, IL
  • Listed at $2,985,000 on 2/16/17

Exterior

  • Exterior Features: Sidewalks

Parking

  • Total Spaces: 9
  • Parking Features: 6 to 12 Spaces
  • Parking: 6 to 12 Spaces

Location

  • Area: CHI - Near West Side
  • County: Cook
  • Township: WEST CHICAGO
  • Driving Directions: Western to Harrison, west to 2516-20

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air, Gas

Structural Information

  • Structure Type: Flats
  • Construction: Brick, Concrete Block, Wood Frame
  • Exterior Const.: Brick, Block
  • Basement Desc.: None
  • Foundation: Concrete
  • Roof: Rubber, Flat
  • Stories/Levels: 3
  • Current Bldg. Use: Residential (Multifamily)
  • Year Built: 2017
  • Remodeled/Updated: 2017

Unit Information

  • Units w/Refrigerators: 9
  • Units w/Range/Oven: 9
  • Units w/Dishwashers: 9
  • Units w/Disposals: 9
  • # Washers: 9
  • # Dryers: 9

Unit 1

  • Number of Units: 9
  • Bedrooms: 2

Lot Features

  • Lot Size (Sq. Ft.): 7,950
  • Lot Dimensions: 75 x 106
  • Lot Access: City Street
  • Potential Use: Condominium, Residential (Multifamily)
  • Zoning: MULTI

Financial Considerations

  • Tax Amount: $2,694
  • Tax Year: 2015
  • Terms: Conventional
  • Tenant Pays: Air Conditioning, Electric, Heat, Hot Water

Disclosures and Reports

  • APN: 16132330110000

Listed by North Clybourn Group, Inc.

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Estimate the Cost

2516-20 West Harrison Street will cost you if you:

  • Buy it at list price: $
  • Put down a % down payment : $
  • Pay at a interest rate over

  • Pay $ per year in insurance and $ per year in property taxes.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

In the Community

Nearby Schools

2516-20 West Harrison Street, Chicago, IL 60612 (MLS# 09505748) is a Commercial property. 2516-20 West Harrison Street is currently listed for $2,985,000 and was received on February 16, 2017. Want to learn more about 2516-20 West Harrison Street? Do you have questions about finding other Commercial real estate for sale in Near West Side? You can browse all Near West Side real estate or contact a Coldwell Banker agent to request more information.

Listed by North Clybourn Group, Inc.

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