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1935 Canalport Avenue, Chicago, IL – $1,790,000

  • $1.8M Price
  • 9,000 Sqft
  • $1.8M Price
  • 9,000 Sqft

1935 Canalport Avenue

NEW CONSTRUCTION 5 UNIT 7+ CAPPER IN POCKET OF HOT EAST PILSEN THAT'S ABOUT TO EXPLODE. ALL UNITS LEASED WITH GROSS RENT ROLL OF $161400 ANNUAL OFFERING A 11.2 MULTIPLIER( GRM) THERE ARE FOUR LARGE JUMBO 2000 SF 3 BED LUXURY APARTMENTS AND ONE STOREFRONT. THE APARTMENTS ARE FINISHED TO CONDO QUALITY(QUARTZ COUNTERS, SS QUALITY APPLIANCES, FULL LAUNDRY IN UNIT IN EACH UNIT, ROOF VIEW/ACCESS FOR PENTHOUSE UNITS, BALCONY FOR OTHER , UPGRADED TRIM & WINDOW PACKAGE,4+ PARKING SPACES... ETC)..... COMPARE THIS mid 11 ANNUALIZED MULTIPLIER TO THE OTHER USED/OLDER REHAB COMPETITION. BEYOND THE CASH FLOW THERE IS THE APPRECIATION. THIS LOCATION IN RIVER'S EDGE OF EAST PILSEN IS 100 YARDS AWAY FROM A MULTI-BUILDING PLANNED UNIT DEVELOPMENT OF 320+ RESIDENTIAL UNITS AND A MID-RISE RETAIL COMPLEX. IN ADDITION THIS PART OF EAST PILSEN HAS OVER 12 NEW SCATTERED SITE RESIDENTIAL NEW CONSTRUCTION PROJECTS EAST OF THE EXPRESSWAY( WITHIN BLOCKS). .......THE NEWLY ANNOUNCED "RADIUS" LIVE MUSIC VENUE to OPEN in 2020 LIES A FEW BLOCKS SOUTH ON CERMAK. ....WALK ACROSS THE 18th st BRIDGE ON FOOT TO THE SOUTH LOOP OR WALK UP TO ROOSEVELT TO WHOLE FOODS, ICON THEATRES AND THE WHOLE SHOPPING DISTRICT OF THE ROOSEVELT COORIDOR.... JUMP ON I90-94, I 55 in MOMENTS. TAKE METRA, BUS STOPS, EL AND METRA-- ALL NEARBY IN PILSEN.

Essential Information

  • MLS® #10594653
  • Price$1,790,000
  • Square Footage9,000
  • Acres0.00
  • Year Built2019
  • TypeCommercial
  • Sub-TypeMulti Family 5+
  • StatusContingent

Community Information

  • Address1935 Canalport Avenue
  • AreaCHI - Lower West Side
  • CityChicago
  • CountyCook
  • StateIL
  • Zip Code60616

Amenities

  • Parking Spaces16

Amenities

Children's Play Yard, Curbs and Gutters, Lighting/Exterior, Security Entrance, Sidewalks, Other, Cable Ready

Utilities

Sanitary Sewer to Site, Water-Municipal

Interior

  • CoolingCentral Air
  • Has BasementYes
  • Stories2

Heating

Gas, Central Heat/Indiv Controls, Forced Air, Zoned

Exterior

  • ExteriorBrick
  • RoofFlat
  • ConstructionBrick, Steel, Stone
  • FoundationConcrete

Lot Description

Central Business District, Corner, Industrial Area/Campus, Mixed Use Area, Shopping Center, Public Transport Avail, Free Standing/Urban, Empowerment Zone, Enterprise Zone, TIF Zone

Additional Information

  • ZoningCOMMR

Listing Details

  • Listing OfficeBetter Living Realty
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Price Change History for 1935 Canalport Avenue, Chicago, IL (MLS® #10594653)

Date Details Change
Status Changed from Active to Contingent
Status Changed from Price Change to Active
Status Changed from Active to Price Change
Price Reduced from $1,850,000 to $1,790,000 $60,000 (3.24%)
Status Changed from New to Active

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Listing information last updated on April 9th, 2020 at 1:50am CDT.