Active
919-927 S Loomis Street
Chicago IL, 60607
$3,195,000
Active
Multi-family
Built in 1889
Courtesy of MO2 Brokerage LLC
919-927 S Loomis, 15-unit Trophy Asset located in one of Chicago's most historic neighborhoods, Little Italy. True 7% CAP / 10.20 GRM value-add opportunity with below average rents for 10 residential units comprised of (8) 2 bed/1 bath and (2) 3 bed/1 bath. Coin laundry in basement. Additionally, 5 ground level retail with high 12 ft ceilings, central a/c, duplex down storage rooms and bathrooms. Roof tear off, new sewers, and new deck over the past decade. Short walk to the Pink and Blue Line trains and many boutiques, restaurants and nightlife on Taylor Street. The location is attractive to tenants because of the close proximity to Chicago's trendiest areas, walking distance to UIC with over 30,000 students enrolled, Illinois Medical District and Pilsen neighborhoods. This building represents a unique opportunity to acquire solid real estate in a prime location with a good unit mix in an area that has constant rental demand and very few transactions. Offering Memorandum and Floor Plans under "Additional Documents" and check out the exclusive Drone video. Successful 2024 Tax Appeal from 256,900 proposed assessed value to revised 228,300 ($18,000 savings).
12116964
MLSⓇ ID
July 25, 2024
Listed
August 24, 2024
Updated
Map
919-927 S Loomis Street
Chicago IL, 60607
Other Property Details
Area Name
CHI - Near West Side
Taxes
$32,526
Tax Frequency
Annually
Days on Market
31
Garage
No
View
No
County
Cook
Pool
No
Courtesy of MO2 Brokerage LLC, Giancarlo Iannotta,
Listing Contact: 773-661-2772
The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than HL2R Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Based on information submitted to the MLS GRID for MRED 8/24/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
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Data last updated 5:47 AM UTC, 8/24/2024
