Active
919-927 S Loomis Street
Chicago IL, 60607
$3,195,000
Active
Multi-family
Built in 1889
Courtesy of MO2 Brokerage LLC
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).
12116964
MLSⓇ ID
July 25, 2024
Listed
August 24, 2024
Updated
Map
919-927 S Loomis Street
Chicago IL, 60607
Other Property Details
Area Name
CHI - Near West Side
Taxes
$32,526
Tax Frequency
Annually
Days on Market
31
Garage
No
View
No
County
Cook
Pool
No
Courtesy of MO2 Brokerage LLC, Giancarlo Iannotta,
Listing Contact: 773-661-2772
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Data last updated 5:47 AM UTC, 8/24/2024