Tara MathewSenior Advisor 847.980.7267 [email protected]
UNITS: 17
8 apartments 1 coach house7 stores (gross leases)1 basement office 5 parking spacesNO. OF BUILDINGS: 1 + coach house
ADDRESS: 1751-1757 W 95 TH STREET CHICAGO IL 60643
SUMMARY: Prime Equities is pleased to offer for sale a mixed use investment property located in Chicago's coveted Beverly community! Featuring 8 residential units above, 7 street level retail storefronts, one basement office, and a coach house apartment! Prime location positioned on the hard-corner of 95th and Vanderpoel directly across from the 95th street Metra station with service to and from Downtown Chicago. Minutes from the new Evergreen plaza and Evergreen market place which features tenants such as Whole Foods, Menards, Sam's Club and a mix of national retailers. Close proximity to Beverly arts Center and Dan Ryan woods. Well maintained asset. Savvy investors can easily improve NOI.
George KokkonasSenior Advisor 630.362.1941 [email protected]
PRIMEEQUIT IES
1751-1757 W 95th St Chicago, IL 60643
PRIME MIXED USED OPPORTUNITYIN BEVERLY
2OVERVIEW
PROPERTY HIGHLIGHTS• Steps from the Metra• 9% capitalization rate on actual numbers• Incredible upside potential• $92,803 average household income one mile radius
PROPERTY SUMMARY• Asking Price: $1,200,000• Year Built: 1923• Lot Size: 0.27 AC• Total SF: 14,730
LOCATION HIGHLIGHTS• 14 Miles to Chicago loop• High demand neighborhood• Close to high-end housing• Exceptional Demographics
PRIMEEQUIT IES
Tara MathewSenior Advisor 847.980.7267 [email protected]
George KokkonasSenior Advisor 630.362.1941 [email protected]
PROPERTY PHOTOS
PRIMEEQUIT IES
3
Tara MathewSenior Advisor 847.980.7267 [email protected]
George KokkonasSenior Advisor 630.362.1941 [email protected]
PROPERTY PHOTOS
PRIMEEQUIT IES
4
Tara MathewSenior Advisor 847.980.7267 [email protected]
George KokkonasSenior Advisor 630.362.1941 [email protected]
PROPERTY PHOTOS
PRIMEEQUIT IES
5
Tara MathewSenior Advisor 847.980.7267 [email protected]
George KokkonasSenior Advisor 630.362.1941 [email protected]
PROPERTY PHOTOS
PRIMEEQUIT IES
6
Tara MathewSenior Advisor 847.980.7267 [email protected]
George KokkonasSenior Advisor 630.362.1941 [email protected]
7RETAILER MAP
PRIMEEQUIT IES
Tara MathewSenior Advisor 847.980.7267 [email protected]
George KokkonasSenior Advisor 630.362.1941 [email protected]
ZONING MAP 8
PRIMEEQUIT IES
Tara MathewSenior Advisor 847.980.7267 [email protected]
George KokkonasSenior Advisor 630.362.1941 [email protected]
COMMUNITY INFORMATION 9
PRIMEEQUIT IES
BEVERLY NEIGHBORHOOD
Beverly is one of the 77 community areas of Chicago, Illinois, on the South Side at the southwestern edge of the city. The borders are 87th Street on the north; Beverly Avenue, Hale Avenue and Vincennes Road on the east; 107th Street on the south; and Francisco Avenue and Western Avenue on the west.Sparsely settled until the late 19th century, Beverly was developed by business interests from Chicago, encouraged by the completion in 1889 of the Rock Island Railroad suburban line that runs parallel with the eastern edge of the Blue Island ridge. Its position on the ridge allowed the community to become an exclusive streetcar suburb, and the homes and large lots reflect this.
Beverly is one of few areas in the City of Chicago that features a hilly terrain. This geography is due to its location in the middle of the geological formation known as the Blue Island Ridge. In its early years of settlement this area as well as Morgan Park to the south was known as North Blue Island,[4] denoting its relationship to the village of Blue Island, which was settled in 1836 and is located a few miles to the south.
DAN RYAN WOODS
The 257-acre Dan Ryan Woods is a well-loved family destination on Chicago’s South Side, with sledding and snowboarding hills, historic aqueducts, fitness stairs, picnic groves and a mile-long paved loop that connects to the Major Taylor Trail. The site supports a large array of native plants, animals and migratory birds.
BEVERLY ARTS CENTER
The Beverly Arts Center is a vibrant and multifaceted not-for-profit organization serving the Chicago metro area with high-quality programs in dance, visual arts, music, film and theater. The 40,000 square foot space houses a 400-seat theatre, art gallery, exhibition spaces, music and dance studios, art classrooms and event rental spaces including a courtyard and light-filled atrium. Founded in 1967 and located in Chicago’s historic Beverly/Morgan Park neighborhood, the BAC is also home to an extensive community outreach program.
Tara MathewSenior Advisor 847.980.7267 [email protected]
George KokkonasSenior Advisor 630.362.1941 [email protected]
INCOME AND EXPENSE
Current
Gross Annual Income $185,676
Less Vacancy (5%)
Effective Rental Income $176,392
Laundry Income $0
Effective Gross Income $176,392
EXPENSES
Real Estate Taxes $23,481
Insurance $7,000
Utilities - Water $4,000
$2,100
$644
Trash Removal $2,625
Repairs and Maint $8,400
Landscaping and Snow $0
Management Fee $9,284
Total Expenses $67,634
NET INCOME $108,758
FINANCIAL SUMMARY 10
PRIMEEQUIT IES
$2,100
*Gas $8,000Cleaning
Exterminator
Utilities - Common Electric
$9,284
Unit # Unit Type Current Rent
1753-200 3 Bed $1000
1753-201 Studio $575
1753-202 Studio $600
1753-203 1 Bed $725
1753-205 1 Bed $700
1753-208 2 Bed $1000
1755-2N 2 Bed $1200
1757-2S 1 Bed $650
1751-S Retail $1650
1753-S Retail $1000
1755-57S Retail $2800
Retail $600
9504-S Retail $825
9506-S Retail $650
9508-S Retail $650
Coach House 1 Bed $750
Billboard Comm $97.50
Monthy Gross $15,473
*9500-BSM
*Apartments are landlord heated. Coach house tenant heated. All stores are tentant heated except for one.
CURRENT CAP RATE
GRM
9%
6.5
RENT ROLL
Tara MathewSenior Advisor 847.980.7267 [email protected]
George KokkonasSenior Advisor 630.362.1941 [email protected]
11 DEMOGRAPHICS
PRIMEEQUIT IES
Tara MathewSenior Advisor 847.980.7267 [email protected]
George KokkonasSenior Advisor 630.362.1941 [email protected]