Jolean Overton-Austin
- Buy
- Sell
https://www.ruhlmortgage.com/GregCotton.html
Description
1421 W Chicago is a boutique seven-unit turn key mixed-use apartment building anchored by a new well-established restaurant, Gilda in the heart of West Town. The property presents a rare opportunity to acquire a stabilized fully renovated asset with diversified income, strong in-place tenancy, and long-term upside in a premier corridor location. Positioned directly along Chicago Avenue, the building benefits from exceptional visibility and immediate access to some of the neighborhood's most sought-after dining, retail, and entertainment destinations, while remaining surrounded by the residential character and walkability that continues to drive demand throughout West Town/Noble Square. The residential component features seven thoughtfully designed apartment layouts with modern finishes and efficient floor plans that appeal to today's renters. All units have washer and dryer in unit, stainless steel appliances and varying degrees of finish packages. Combined with the strength of the ground-floor commercial tenancy and all of the larger infrastructure upgrades , the asset offers investors a compelling blend of stable cash flow and future appreciation potential in one of Chicago's most supply-constrained rental markets.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
County: Cook
Listed By:
Compass
312-319-1168
MRED MLS
MLS ID: 12711342
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1421 W Chicago Avenue , Chicago, IL 60642.
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563-441-1862
toll free 866-441-1862
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $2,995,000 | $2,995,000 | $2,995,000 |
| Down Payment | $104,825 | $0 | $599,000 |
| Monthly Mortgage Amount | $18,107 | $18,837 | $14,948 |
| Taxes | $4168 | $4168 | $4168 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $1,797 | $0 | $0 |
| Monthly Estimated Total | $24,946 | $23,879 | $19,990 |
Jolean Overton-Austin
REALTOR®
ABR, CRS, AHWD
Cell: (563) 676-6363
Licensed in IA & IL
Davenport Office
4545 Welcome Way
Davenport, IA 52806
(563) 441-5100
Davenport, IA 52806
(563) 441-5100
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