Property Overview

1619-21 W Warren Blvd is an (8) unit building steps from the West Loop neighborhood of Chicago, IL. The unit mix features (1) 1Bdr/1Ba, (5) 2Bdr/1Ba, and (2) 2Bdr/2Ba units. Throughout 2018-2019 the building was rehabbed to feature many recent upgrades and now boasts condo quality units throughout.

The building features (2) 73 gal hot water heaters installed in 2015, updated electric, updated plumbing, new gutters, new cedar and metal gate with closer, recently paved rear driveway, (13) parking spaces, and individual HVAC systems.

The units feature re-finished and stained hardwood floors, new cabinets, new granite countertops, stainless steel appliances, recently remodeled bathrooms, new doors, new closets, new trim, LED lighting, buzzer/intercom system, Ecobee climate control and in-unit laundry.

Current loan with Greystone must be assumed by a qualified borrower with 1% fee plus legal/review fees. Loan terms include: $1,405,325 balance, 4.98% rate, and 3/1/2029 maturity date.

Highlights

  • (8) Unit Building Steps from the West Loop
  • Unit Mix Features (1) 1Bdr/1Ba, (5) 2Bdr/1Ba, and (2) 2Bdr/2Ba Units
  • Walking Distance to the Ashland CTA “L” Stop, United Center, Rush University Medical Center, and Many Restaurants in Nearby Fulton Market

Key Details

Asking Price
$2,300,000
Number of Units
8
Lot Size
7,468 SF
Building Size
9,252 SF
Year Built
1910
Cap Rate
5.3%