Log In/Sign Up
Your email has been sent.
916-918 W Diversey Pky 24 Unit Apartment Building $7,189,000 CAD ($299,542 CAD/Unit) 6.70% Cap Rate Chicago, IL 60614
INVESTMENT HIGHLIGHTS
- Professional offering memorandum available upon request
- Located steps from the Diversey Brown Line CTA
- Both commercial units are leased
- Highly desirable Lake View location situated on an arterial street
- Strong historic demand with the asset being currently 100% occupied
EXECUTIVE SUMMARY
Nara Advisors is pleased to present 916 West Diversey Parkway, a well-positioned 24-unit mixed-use opportunity.
Located in Chicago's highly desirable Lake View neighborhood, the property provides a stabilized asset with significant operational upside.
The building features a compelling mix of studio, one-bedroom, and two ground- floor commercial units. With a current lean expense ratio of 39%, the ability to mark all units to market presents a clear path to increase cash flow.
The asset represents a compelling mix of attractive day-one metrics and clear value-add potential in a premier Chicago location.
Located in Chicago's highly desirable Lake View neighborhood, the property provides a stabilized asset with significant operational upside.
The building features a compelling mix of studio, one-bedroom, and two ground- floor commercial units. With a current lean expense ratio of 39%, the ability to mark all units to market presents a clear path to increase cash flow.
The asset represents a compelling mix of attractive day-one metrics and clear value-add potential in a premier Chicago location.
PROPERTY FACTS
| Price | $7,189,000 CAD | Property Subtype | Apartment |
| Price Per Unit | $299,542 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.70% | Building Size | 12,200 SF |
| No. Units | 24 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1921 |
| Zoning | B3-2, Chicago | ||
| Price | $7,189,000 CAD |
| Price Per Unit | $299,542 CAD |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 12,200 SF |
| No. Stories | 3 |
| Year Built | 1921 |
| Zoning | B3-2, Chicago |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (83)
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 14-29-229-017-0000 | Improvements Assessment | $440,444 CAD |
| Land Assessment | $60,990 CAD | Total Assessment | $501,434 CAD |
PROPERTY TAXES
Parcel Number
14-29-229-017-0000
Land Assessment
$60,990 CAD
Improvements Assessment
$440,444 CAD
Total Assessment
$501,434 CAD
1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
916-918 W Diversey Pky
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.