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CHAMPLAIN COURTMIXED-USE APARTMENT BUILDING643 E. 71ST STREET CHICAGO, ILLINOIS 60619
PAUL PROANOCOMMERCIAL REAL ESTATE ADVISOR312-860-4043 DIRECT
champlain courtMIXED-USE APARTMENT BUILDING
643 E 71ST STREET, CHICAGO, L
DISCLAIMER STATEMENT
This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the Coldwell Banker Commercial affiliate or by the Seller.
The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections.
This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent.
Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing.
The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties.
Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.
champlain courtMIXED-USE APARTMENT BUILDING
643 E 71ST STREET, CHICAGO, L
PROPERTYOVERVIEW
champlain courtMIXED-USE APARTMENT BUILDING
643 E 71ST STREET, CHICAGO, L
property overview
Investment Highlights• Four Retail Spaces, 27 One-Bedrooms, and 10 Two-Bedrooms• On-Site Laundry Facility• Convenient Access to I-90, I-94 and Multiple Modes of Transportation• Close Proximity to University of Chicago
Sale Price: $1,725,000NOI: $186,435
Cap rate: 10.81%
Coldwell Banker Commercial NRT is pleased to present a mixed-use apartment building located at 643 East 71st Street in Chicago, Illinois. The property is located in Park Manor; an area on the southside of Chicago residing in the Greater Grand Crossing community,approximately nine (9) miles directly south of the Loop, with convenient access to Interstate 90 and 94. The CTA 69th Red Line Station is located one mile north-west of the property. CTA bus stops are conveniently located on 71st Street, which is walking distance from the property. Additionally, Midway International Airport is approximately nine (9) miles northwest of the property.
The unit mix is comprised of 27 one-bedroom/one-bathroom units,10 two-bedroom/one-bathroom units,and four retail spaces. The apartment units measure approximately 650 and 800 square feet respec-tively. The retail spaces measure approximately 1,000 square feet each.
The property also features an on-site laundry facility. The property is positioned on the northeast corner of Champlain Avenue and 71st Street, just west of Interstate 90. The University of Chicago, Jackson Park, and the south shores of Lake Michigan are all within a two-and-a-half mile radius.
This investment offers an investor the opportunity to acquire a well-maintained asset with the ability to raise rents to market levels without the need for significant additional capital expenditures.
champlain courtMIXED-USE APARTMENT BUILDING
643 E 71ST STREET, CHICAGO, L
property summary
Property Address: Champlain Court643 East 71st STreet, Chicago, IL 60619
Parcel: 20-27-205-001-0000
Sale Price: $1,725,000
Number of Units: 41
Number of Buildings: OneNumber of Stories: Four
Year Built: 1926
Apartments - Rentable Square Feet 25,550
Retail - Gross Leaseable Area (GLA) 3,000
Office - Rentable Square Feet 1,000
Total Rentable Square Feet: 29,550
Lot Size: 0.35 acres
The offering
site description
champlain courtMIXED-USE APARTMENT BUILDING
643 E 71ST STREET, CHICAGO, L
property summary
NO. UNITS
UNIT TYPE AVERAGE (SF)
CURRENT AVG. RENT
AVERAGE RENT/SF
MONTHLY INCOME
POTENTIAL RENTS
AVERAGE RENT/SF
MONTHLY INCOME
27 1 Bdr - 1 Bath 650 $638 $0.98 $17,223 $700 $1.08 $18,900
10 2 Bdr - 1 bath 800 $799 $1.00 $7,986 $839 $1.05 $8,390
NO. UNITS
UNIT TYPE TOTALGLA
CURRENT RENT RANGE CURRENT MONTHLY INCOME
PRO FORMA MONTHLY INCOME
3 Retail 3,000 $700 - $900 $2,400 $2,400
1 Office 1,000 $1,100 - $1,100 $1,100 $1,100
unit mix
champlain courtMIXED-USE APARTMENT BUILDING
643 E 71ST STREET, CHICAGO, L
locationOVERVIEW
champlain courtMIXED-USE APARTMENT BUILDING
643 E 71ST STREET, CHICAGO, L
LOCATION OVERVIEW
The City of Chicago is one of the largest cities in the United States. As of the 2017 census-estimated population of 2,716,450, Chicago is the third most populous city in the United States after New York and Los Angeles, and the most populous city in both the state of Illinois and the Midwestern United States. The Chicago metropolitan area has nearly 10 million people and is the third-largest in the United States and fourth largest in North America.
As a multicultural city that thrives on the harmony and diversity of its neighborhoods, Chicago today embodies the values of America’s heartland-integrity, hard work and community and reflects the ideals in the social fabric of its 77 distinct neighborhoods.
The city has seen a rise in population for the 2000 census and is expected to have an increase for the 2020 census. Chicago has the third-largest gross metropolitan product in the United States—about $670.5 billion according to September 2017 estimates. The city has also been rated as having the most balanced economy in the United States, due to its high level of diversification.
Chicago is a major world financial center, with the second-largest central business district in the United States. The city is the seat of the Federal Reserve Bank of Chicago, the Bank’s Seventh District. The city has major financial and futures exchanges, including the Chicago Stock Exchange, the Chicago Board Options Exchange (CBOE), and the Chicago Mercantile Exchange (the “Merc”), which is owned, along with the Chicago Board of Trade (CBOT) by Chicago’s CME Group. In 2017, Chicago exchanges traded 4.7 billion derivatives with a face value of over one quadrillion dollars. Chase Bank has its commercial and retail banking headquarters in Chicago’s Chase Tower.[171] Academically, Chicago has been influential through the Chicago school of economics, which fielded some 12 Nobel Prize winners.
The city and its surrounding metropolitan area contain the third-largest labor pool in the United States with about 4.63 million workers. Illinois is home to 66 Fortune 1000 companies, including those in Chicago. The city of Chicago also hosts 12 Fortune Global 500 companies and 17 Financial Times 500 companies.
champlain courtMIXED-USE APARTMENT BUILDING
643 E 71ST STREET, CHICAGO, L
LOCATION OVERVIEW
TRANSPORTATION
• The region’s transit network ranks among the largest and most efficient in the world.• The vast network of freeways, centralized location, the largest rail-truck intermodal facility in the
U.S., as well as the Port of Chicago contribute to the position as a major distribution and logistics hub.
• Chicago is the nation’s premier freight rail hub, with four carrier, BNSF, Union Pacific, CSX, Norfolk Southern, servicing the region.
• Amtrak routes originate from Union Station, while the Metra commuter rail and the Chicago L provide passenger service throughout the metro area and beyond.
• International airports include O’Hare, Midway and Gary/Chicago. Seven smaller airports also provide air service for the region.
champlain courtMIXED-USE APARTMENT BUILDING
643 E 71ST STREET, CHICAGO, L
LOCATION OVERVIEW
CHAMPLAIN COURT
CHAMPLAIN COURT
champlain courtMIXED-USE APARTMENT BUILDING
643 E 71ST STREET, CHICAGO, L
LOCATION OVERVIEW
CHAMPLAIN COURT
CHAMPLAIN COURT
champlain courtMIXED-USE APARTMENT BUILDING
643 E 71ST STREET, CHICAGO, L
PROPERTYPHOTOGRAPHS
champlain court643 E 71ST STREET, CHICAGO, L
photographs
champlain court643 E 71ST STREET, CHICAGO, L
photographs
champlain court643 E 71ST STREET, CHICAGO, L
photographs
champlain courtMIXED-USE APARTMENT BUILDING
643 E 71ST STREET, CHICAGO, L
FINANCIALOVERVIEW
champlain courtMIXED-USE APARTMENT BUILDING
643 E 71ST STREET, CHICAGO, L
RENT ROLL DETAIL
Current Current Scheduled ScheduledSquare Rent / Rent / SF/ Rent / Rent / SF/
Unit Unit Type Feet Month Month Month Month635 #1E 1 Bdr 1 Bath 650 $650 $1.00 $650 $1.00635 #1W 1 Bdr 1 Bath 650 $640 $0.98 $640 $0.98635 #2E 1 Bdr 1 Bath 650 $650 $1.00 $650 $1.00635 #2W 1 Bdr 1 Bath 650 $640 $0.98 $640 $0.98635 #3E 1 Bdr 1 Bath 650 $640 $0.98 $640 $0.98635#3W 1 Bdr 1 Bath 650 $640 $0.98 $640 $0.98637 71st Commerical Retail 1,000 $700 $0.70 $700 $0.70639 71st Commerical Retail 1,000 $1,200 $1.20 $1,200 $1.20641 #1E 1 Bdr 1 Bath 650 $600 $0.92 $600 $0.92641 #1W 1 Bdr 1 Bath 650 $620 $0.95 $620 $0.95641 #2E 1 Bdr 1 Bath 650 $640 $0.98 $640 $0.98641 #2W 1 Bdr 1 Bath 650 $640 $0.98 $640 $0.98641 #3E 1 Bdr 1 Bath 650 $640 $0.98 $640 $0.98641 #3W 1 Bdr 1 Bath 650 $640 $0.98 $640 $0.987105 #1E 1 Bdr 1 Bath 650 $650 $1.00 $650 $1.007105 #1W 1 Bdr 1 Bath 650 $640 $0.98 $640 $0.987105 #2E 1 Bdr 1 Bath 650 $640 $0.98 $640 $0.987105 #2W 1 Bdr 1 Bath 650 $640 $0.98 $640 $0.987105 #3W 1 Bdr 1 Bath 650 $725 $1.12 $725 $1.127105 #3W 1 Bdr 1 Bath 650 $640 $0.98 $640 $0.987107 #1E 1 Bdr 1 Bath 650 $640 $0.98 $640 $0.987107 #1W 1 Bdr 1 Bath 650 $650 $1.00 $650 $1.007107 #2E 1 Bdr 1 Bath 650 $640 $0.98 $640 $0.987107 #2W 1 Bdr 1 Bath 650 $640 $0.98 $640 $0.987107 #3E 1 Bdr 1 Bath 650 Vacant $0.00 $700 $1.087107 #3W 1 Bdr 1 Bath 650 Vacant $0.00 $700 $1.087109 #1N 1 Bdr 1 Bath 650 $640 $0.98 $640 $0.987109 #1S 2 Bdr 1 Bath 800 $740 $0.93 $740 $0.937109 #2N 1 Bdr 1 Bath 650 $640 $0.98 $640 $0.987109 #2S 2 Bdr 1 Bath 800 $1,070 $1.34 $1,070 $1.347109 #3N 1 Bdr 1 Bath 650 $650 $1.00 $650 $1.007109 #3S 2 Bdr 1 Bath 800 $916 $1.15 $916 $1.157111 GRDN 2 Bdr 1 Bath Garden 800 $740 $0.93 $740 $0.937111 #1E 2 Bdr 1 Bath 800 $750 $0.94 $750 $0.947111 #1W 2 Bdr 1 Bath 800 $950 $1.19 $950 $1.197111 #2E 2 Bdr 1 Bath 800 $750 $0.94 $750 $0.947111 #2W 2 Bdr 1 Bath 800 $760 $0.95 $760 $0.957111 #3E 2 Bdr 1 Bath 800 $750 $0.94 $750 $0.947111 #3W 2 Bdr 1 Bath 800 $750 $0.94 $750 $0.94633 71st Commerical Retail 1,000 $900 $0.90 $900 $0.90643 E 71s Commerical Retail 1,000 Vacant $0.00 $1,200 $1.20Total 29,550 $27,051 $0.92 $29,651 $1.00
champlain courtMIXED-USE APARTMENT BUILDING
643 E 71ST STREET, CHICAGO, L
rent roll summary
Scheduled Potential
# of Avg Sq Rental Average Average Monthly Average Average Monthly
Unit Type Units Feet Range Rent Rent / SF Income Rent Rent / SF Income
1 Bdr 1 Bath 27 650 $600 - $725 $647 $1.00 $17,475 $701 $1.08 $18,925
2 Bdr 1 Bath Garden 1 800 $740 - $740 $740 $0.93 $740 $850 $1.06 $850
2 Bdr 1 Bath 9 800 $740 - $1,070 $826 $1.03 $7,436 $850 $1.06 $7,650
Commerical Retail 4 1,000 $700 - $1,200 $1,000 $1.00 $4,000 $1,200 $1.20 $4,800
Totals/Weighted Averages 41 721 $723 $1.00 $29,651 $786 $1.09 $32,225
Gross Annualized Rents $355,812 $386,700
champlain courtMIXED-USE APARTMENT BUILDING
643 E 71ST STREET, CHICAGO, L
PRICING DETAILS
Summary
Price $1,725,000
Down Payment $431,250 25%
Number of Units 41
Price Per Unit $42,073
Price Per SqFt $58.38
Rentable SqFt 29,550
Lot Size 0.35 Acres
Returns Acutals 2017 Year 1
CAP Rate 10.81% 11.26%
GRM 4.85 4.37
Cash-on-Cash 22.79% 24.61%
Debt Coverage Ratio 2.11 2.20
Financing 1st Loan
Loan Amount $1,350,000
Loan Type New
Interest Rate 5.25%
Amortization 30 Years
Year Due 2023
Loan information is subject to change.
# Of Units Unit Type SqFt/Unit Scheduled Rents Market Rents
27 1 Bdr 1 Bath 650 $647 $701
1 2 Bdr 1 Bath Garden 800 $740 $850
9 2 Bdr 1 Bath 800 $826 $850
4 Commercial Retail 1,000 $1,000 $1,200
champlain courtMIXED-USE APARTMENT BUILDING
643 E 71ST STREET, CHICAGO, L
OPERATING DATA
Operating Data
Income Actuals 2017 Year 1
Gross Scheduled Rent $355,812 $394,434
Less: Vacancy/Deductions 5.0% $17,791 10.0% $39,443
Total Effective Rental Income $338,021 $354,991
Other Income $6,000 $6,000
Effective Gross Income $344,021 $360,991
Less: Expenses 45.8% $157,586 46.2% $166,696
Net Operating Income $186,435 $194,294
Cash Flow $186,435 $194,294
Debt Service $88,149 $88,149
Net Cash Flow After Debt Service 22.79% $98,286 24.61% $106,145
Principal Reduction $17,428 $18,411
Total Return 26.83% $115,714 28.88% $124,556
Expenses Actuals 2017 Year 1
Real Estate Taxes $27,732 $34,665
Insurance $12,550 $12,550
Utilities - Electric $2,793 $2,793
Utilities - Water & Sewer $18,551 $18,551
Utilities - Gas $34,172 $34,172
Trash Removal $3,403 $3,403
Repairs & Maintenance $10,970 $10,970
Cleaning & Decorating $9,200 $9,200
Supplies $6,900 $6,900
Operating Reserves $10,674 $11,833
Management Fee $20,641 $21,659
Total Expenses $157,586 $166,696
Expenses/Unit $3,844 $4,066
Expenses/SF $5.33 $5.64
champlain courtMIXED-USE APARTMENT BUILDING
643 E 71ST STREET, CHICAGO, L
RADIUSDEMOGRAPHICS
champlain courtMIXED-USE APARTMENT BUILDING
643 E 71ST STREET, CHICAGO, L
TRAFFIC COUNT MAP
CHAMPLAIN COURT
champlain courtMIXED-USE APARTMENT BUILDING
643 E 71ST STREET, CHICAGO, L
DEMOGRAPHICS: 1, 3, 5 MILE RADIUS
champlain courtMIXED-USE APARTMENT BUILDING
643 E 71ST STREET, CHICAGO, L
DEMOGRAPHIC REPORTPopulation 1-mi. 3-mi. 5-mi.
Total Population (US Census 2010) 33,797 303,042 630,792
Total Population (Current Year) 34,153 304,764 634,845
Total Population (Five Year Projection) 32,756 295,861 614,739
Adult Population (US Census 2010) 24,444 228,054 464,300
Adult Population (Current Year) 25,102 233,472 477,205
Adult Population (Five Year Projection) 24,242 228,416 466,730
% Female Population (US Census 2010) 55.64% 55.61% 54.51%
% Male Population (US Census 2010) 44.36% 44.39% 45.49%
% Female Population (Current Year) 55.59% 55.66% 54.58%
% Male Population (Current Year) 44.41% 44.34% 45.42%
% Female Population (Five Year Projection) 55.13% 55.29% 54.27%
% Male Population (Five Year Projection) 44.87% 44.71% 45.73%
Total Daytime Population 24,191 251,261 512,047
Population aged 16 and under (Children) 6,933 58,621 130,589
Daytime population (Age 16+) 17,258 192,640 381,457
Civilian 16+, at Workplace 6,117 76,723 153,285
Retired population (Age 65+) 4,095 38,633 76,812
Homemakers (Age 16+) 2,841 25,980 57,745
Population Mosaic (Current Year) 1-mi. 3-mi. 5-mi.
% Power Elite 0% 0.36% 0.18%
% Flourishing Families 0% 0% 0.16%
% Booming with Confidence 0% 0% 0.75%
% Suburban Style 13.5% 19.5% 24.3%
% Thriving Boomers 0% 3.23% 2.46%
% Promising Families 0% 0% 0%
% Young City Solos 0% 5.62% 2.75%
% Middle-class Melting Pot 0% 0% 1%
% Family Union 0% 0% 5.88%
% Autumn Years 0% 0% 0%
% Significant Singles 0% 0% 0.46%
% Blue Sky Boomers 0% 0% 0%
% Families in Motion 0% 0% 0%
% Pastoral Pride 0% 0% 0%
% Singles and Starters 3.88% 3.61% 3.51%
% Cultural Connections 58.72% 43.4% 35.79%
% Golden Year Guardians 0% 0% 0.16%
% Aspirational Fusion 16.95% 17.55% 15.13%
% Economic Challenges 6.95% 6.73% 7.47%
% Unclassified 0% 0% 0%
% Other 2 1.8 1.7
champlain courtMIXED-USE APARTMENT BUILDING
643 E 71ST STREET, CHICAGO, L
DEMOGRAPHIC REPORTAge 1-mi. 3-mi. 5-mi.
Median Age, Total 35.88 36.42 35.63
% Age 18+ 73.63% 76.61% 75.11%
% Age 55+ 25.81% 26.93% 25.8%
% Age 65+ 13.19% 14.52% 13.91%
Ethnicity 1-mi. 3-mi. 5-mi.
% White (2010 US Census, Not Hispanic/Latino) 0.77% 5.83% 7%
% Black/African American (2010 US Census, Not Hispanic/Latino) 97.66% 90.81% 89.68%
% American Indian & Alaska Native (2010 US Census, Not Hispanic/Latino) 0.2% 0.19% 0.19%
% Asian (2010 US Census, Not Hispanic/Latino) 0.08% 1.61% 1.62%
% Native Hawaiian / Other Pacific Islander (2010 US Census, Not Hispanic/Latino) 0.01% 0.01% 0.01%
% Some other race (2010 US Census, Not Hispanic/Latino) 0.09% 0.13% 0.14%
% Two or more races (2010 US Census, Not Hispanic/Latino) 1.19% 1.42% 1.36%
% White (2010 US Census, Hispanic/Latino) 18.04% 30.04% 40.33%
% Black/African American (2010 US Census, Hispanic/Latino) 41.92% 29.59% 4.75%
% American Indian & Alaska Native (2010 US Census, Hispanic/Latino) 1.77% 1.56% 1.27%
% Asian (2010 US Census, Hispanic/Latino) 0% 0.66% 0.18%
% Native Hawaiian / Other Pacific Islander (2010 US Census, Hispanic/Latino) 0% 0.02% 0%
% Some other race (2010 US Census, Hispanic/Latino) 19.15% 25.28% 48.83%
% Two or more races (2010 US Census, Hispanic/Latino) 19.12% 12.85% 4.64%
% White (Current Year, Not Hispanic/Latino) 1.44% 6.55% 7.66%
% Black/African American (Current Year, Not Hispanic/Latino) 96.84% 89.5% 88.44%
% American Indian & Alaska Native (Current Year, Not Hispanic/Latino) 0.17% 0.18% 0.18%
% Asian (Current Year, Not Hispanic/Latino) 0.09% 1.97% 1.99%
% Native Hawaiian / Other Pacific Islander (Current Year, Not Hispanic/Latino) 0.01% 0.01% 0.02%
% Some other race (Current Year, Not Hispanic/Latino) 0.1% 0.14% 0.15%
% Two or more races (Current Year, Not Hispanic/Latino) 1.35% 1.66% 1.57%
% White (Current Year), Hispanic/Latino 25.52% 34.3% 40.6%
% Black/African American (Current Year, Hispanic/Latino) 36.95% 27.03% 4.48%
% American Indian & Alaska Native (Current Year, Hispanic/Latino) 1.57% 1.38% 1.18%
% Asian (Current Year, Hispanic/Latino) 0% 0.58% 0.16%
% Native Hawaiian / Other Pacific Islander (Current Year, Hispanic/Latino) 0% 0.02% 0.01%
% Some other race (Current Year, Hispanic/Latino) 18.41% 24.23% 48.96%
% Two or more races (Current Year, Hispanic/Latino) 17.55% 12.47% 4.61%
% Two or more races (Five Year Projection, Hispanic/Latino) 18.51% 12.81% 4.73%
champlain courtMIXED-USE APARTMENT BUILDING
643 E 71ST STREET, CHICAGO, L
DEMOGRAPHIC REPORT
Housing & Households 1-mi. 3-mi. 5-mi.
Land Area (Estimated Square Miles) 3.21 26.26 66.71
Total Housing Units (Current Year) 16,802 149,254 279,008
Total Households (Current Year) 13,460 124,418 237,088
Total Households (Five Year Projection) 13,201 123,969 236,338
Owner-Occupied: Owned with a mortgage or loan 2,878 27,057 64,298
Owner-Occupied: Owned free and clear 1,671 14,057 29,304
Renter-Occupied 8,910 83,464 143,914
Housing Value (Current Year) 1-mi. 3-mi. 5-mi.
Housing Value < $10,000 9 420 719
Housing Value $10,000-$14,999 25 402 808
Housing Value $15,000-$19,999 55 371 862
Housing Value $20,000-$24,999 28 302 513
Housing Value $25,000-$29,999 1 167 398
Housing Value $30,000-$34,999 15 289 587
Housing Value $35,000-$39,999 32 481 1,035
Housing Value $40,000-$49,999 165 1,237 2,233
Housing Value $50,000-$59,999 188 1,046 2,423
Housing Value $60,000-$69,999 234 1,416 2,922
Housing Value $70,000-$79,999 269 1,592 3,575
Housing Value $80,000-$89,999 233 1,890 4,826
Housing Value $90,000-$99,999 234 2,163 5,052
Housing Value $100,000-$124,999 379 3,909 9,698
Housing Value $125,000-$149,999 415 3,930 9,550
Housing Value $150,000-$174,999 513 4,630 11,890
Housing Value $175,000-$199,999 471 4,144 9,417
Housing Value $200,000-$249,999 547 4,534 9,640
Housing Value $250,000-$299,999 437 3,480 6,843
Housing Value $300,000-$399,999 224 2,410 5,413
Housing Value $400,000-$499,999 35 936 2,263
Housing Value $500,000-$749,999 20 762 1,839
Housing Value $750,000-$999,999 7 337 669
Housing Value $1,000,000 or more 11 265 426
Total Owner-occupied housing units (OOHU) 4,549 41,114 93,602
champlain courtMIXED-USE APARTMENT BUILDING
643 E 71ST STREET, CHICAGO, L
DEMOGRAPHIC REPORTIncome 1-mi. 3-mi. 5-mi.
Per Capita Income (2010 US Census, based on Total Population) $16,873 $20,292 $19,192
Per Capita Income (Current Year, based on Total Population) $17,206 $20,794 $19,701
Per Capita Income (5-Yr Projection, based on Total Population) $20,448 $25,020 $23,621
Average (Mean) Household Income (Current Year) $43,372 $50,173 $52,053
Median Household Income (Current Year) $30,145 $31,319 $33,729
% Households by Income (Current Year) 1-mi. 3-mi. 5-mi.
% Household Income < $10,000 17.56% 18.89% 16.62%
% Household Income $10,000-$14,999 9.24% 9.24% 8.6%
% Household Income $15,000-$19,999 8.68% 7.95% 7.65%
% Household Income $20,000-$24,999 8.78% 7.09% 7.14%
% Household Income $25,000-$29,999 5.57% 5.38% 5.61%
% Household Income $30,000-$34,999 5.94% 5.46% 5.79%
% Household Income $35,000-$39,999 4.98% 4.83% 4.82%
% Household Income $40,000-$44,999 4.43% 4.07% 4.33%
% Household Income $45,000-$49,999 4.14% 3.43% 3.61%
% Household Income $50,000-$59,999 7.03% 6.22% 6.52%
% Household Income $60,000-$74,999 7.62% 8.08% 8.47%
% Household Income $75,000-$99,999 7.35% 8.07% 8.76%
% Household Income $100,000-$124,999 4.67% 4.48% 5.13%
% Household Income $125,000-$149,999 1.74% 2.49% 2.64%
% Household Income $150,000-$199,999 1.58% 2.23% 2.23%
% Household Income $200,000-$249,999 0.24% 0.86% 0.83%
% Household Income $250,000-$499,999 0.3% 0.78% 0.78%
% Household Income $500,000+ 0.15% 0.47% 0.44%
Education (Current Year) 1-mi. 3-mi. 5-mi.
College undergraduate 2,128 19,561 38,443
Graduate or prof school 692 9,795 14,904
Educational Attainment 1-mi. 3-mi. 5-mi.
10th grade 766 6,513 12,863
11th grade 978 9,047 17,786
12th grade, no diploma 447 4,849 10,409
High school graduate, GED 6,192 51,399 114,322
Some college, <1 year 1,060 10,947 21,750
Some college, 1+ years 5,401 41,865 80,005
Associate’s degree 1,892 14,630 27,605
Bachelor’s degree 2,897 27,714 50,340
Master’s degree 974 16,383 27,734
Professional school degree 97 3,138 5,273
Doctorate degree 96 4,195 5,494
champlain courtMIXED-USE APARTMENT BUILDING
643 E 71ST STREET, CHICAGO, L
Employment and Occupation 1-mi. 3-mi. 5-mi.
Total Civilian employed population aged 16+ (2010 US Census) 11,662 109,164 224,280
Total Civilian employed population aged 16+ (Current Year) 12,063 111,438 229,644
Total Civilian employed population aged 16+ (5-Yr Projection) 11,860 111,310 229,431
% Employment by Industry (2010 US Census) 1-mi. 3-mi. 5-mi.
% Armed Forces (2010 US Census) 0.04% 0.06% 0.03%
% Civilian, Employed (2010 US Census) 75.39% 79.23% 79.72%
% Civilian, Unemployed (2010 US Census) 24.57% 20.71% 20.25%
% Not in Labor Force (2010 US Census) 39.83% 42.14% 42.12%
% Armed Forces (Current Year) 0.05% 0.06% 0.03%
% Civilian, Employed (Current Year) 84.76% 87.36% 87.69%
% Civilian, Unemployed (Current Year) 15.19% 12.58% 12.28%
% Not in Labor Force (Current Year) 45.64% 47.33% 47.25%
% Armed Forces (Five Year Projection) 0.05% 0.07% 0.03%
% Civilian, Employed (Five Year Projection) 83.3% 86.15% 86.54%
% Civilian, Unemployed (Five Year Projection) 16.66% 13.78% 13.43%
% Not in Labor Force (Five Year Projection) 43.54% 45.33% 45.25%
Transportation to Work (Current Year) 1-mi. 3-mi. 5-mi.
Total Workers 16+ 12,063 111,438 229,644
Car, truck, or van 7,271 60,742 139,204
Public transport (not taxi) 3,848 36,634 67,651
Worked at home 555 4,722 8,224
Travel Time to Work (Current Year) 1-mi. 3-mi. 5-mi.
< 5 minutes 116 1,107 2,336
5-9 minutes 327 4,359 8,847
10-14 minutes 1,000 7,904 15,471
15-19 minutes 1,032 9,617 19,206
20-24 minutes 1,139 11,807 24,890
25-29 minutes 487 4,907 10,255
30-34 minutes 1,921 18,740 42,425
35-39 minutes 503 3,644 6,981
40-44 minutes 646 6,488 13,948
45-59 minutes 1,785 15,322 32,165
60-89 minutes 1,600 14,871 30,068
90+ minutes 952 7,951 14,829
DEMOGRAPHIC REPORT
champlain courtMIXED-USE APARTMENT BUILDING
643 E 71ST STREET, CHICAGO, L
Consumer Expenditures (Current Year) 1-mi. 3-mi. 5-mi.
Total Alcoholic beverages $4,587,535 $44,531,706 $87,180,933
Total Apparel and services $15,693,648 $152,359,083 $304,888,194
Total Cash contributions $12,327,464 $124,107,253 $248,802,630
Total Education $9,907,752 $100,055,801 $198,120,529
Total Entertainment $27,503,167 $265,643,144 $535,670,751
Total Food $70,921,911 $672,750,856 $1,334,221,310
Total Gifts $8,927,736 $88,332,937 $179,404,227
Total Healthcare $46,446,695 $450,103,633 $905,240,890
Total Housing $184,061,211 $1,775,618,979 $3,521,718,994
Total Miscellaneous $10,649,623 $98,591,500 $194,059,381
Total Personal care products and services $6,532,142 $63,663,827 $130,373,743
Total Personal insurance and pensions $47,853,614 $477,650,952 $980,923,147
Total Reading $1,036,291 $10,411,655 $20,886,919
Total Tobacco products and smoking supplies $5,200,791 $47,282,850 $91,331,886
Total Transportation $106,861,927 $1,048,715,156 $2,118,374,660
Retail Demand by Store Type 1-mi. 3-mi. 5-mi.
Total Retail Demand $421,881,844 $4,071,911,557 $8,139,114,639
Building Material & Garden Equipment & Supply Dealers $23,388,050 $232,706,656 $469,756,782
Clothing & Clothing Accessories Stores $17,898,381 $174,105,504 $349,018,042
Electronics and Appliance Stores $7,502,558 $72,823,480 $145,810,299
Food & Beverage Stores $58,281,019 $551,577,290 $1,091,983,729
Food Services & Drinking Places $50,358,059 $482,379,946 $960,223,295
Furniture & Home Furnishings Stores $7,461,697 $73,608,245 $147,395,228
Gasoline stations $36,921,996 $350,946,831 $697,262,279
General Merchandise Stores $54,510,337 $520,977,205 $1,038,296,234
General Merchandise, Apparel and Accessories, Furniture and Other Sales
$96,415,933 $929,063,348 $1,856,295,427
Health & Personal Care Stores $27,142,599 $260,509,461 $521,515,756
Miscellaneous Store Retailers $10,679,363 $101,620,860 $203,957,860
Motor Vehicle & Parts Dealers $76,389,123 $752,593,739 $1,516,272,712
Nonstore retailers $44,638,949 $433,070,726 $867,099,090
Sporting Goods, Hobby, Musical Instrument, and Book Stores $6,709,713 $64,991,613 $130,523,331
60-89 minutes 1,600 14,871 30,068
90+ minutes 952 7,951 14,829
DEMOGRAPHIC REPORT
2017-2018 Demographics provided by Experian through Alteryx
CHAMPLAIN COURT643 e. 71st street, chicago, il
PAUL PROANOCOMMERCIAL REAL ESTATE ADVISOR312-860-4043 [email protected]
Licensed in Illinois & Wisconsin