1921 Jefferson Street, Chicago, 60616

$1,800,000 - Mixed Use For Sale

$1,800,000

Beds
Baths
8,000Sqft
2020Built
MLS® #: 10605714
Active

NEW HI END 4 UNIT. LUXURY CONSTRUCTION 3 HUGE APARTMENTS & 1 STOREFRONT OFFICE READY FOR YOUR PORTFOLIO. THIS 7+ CAPPER LIES IN THE EASTERN MOST POCKET OF PILSEN BORDERING THE SOUTH LOOP & SITS ON A RARE EXTRA LONG LOT THAT ALLOWS FOR HUGE 106' LONG BUILDING AND DOULBE THE PARKING SPACE(34' long spaces fit 2 cars tandem). IT'S WELL PRICE IS EVIDENT IN IT'S GRM WITH A MULTIPLIER OF 11.5 + and IT'S A NEW BUILT- WHY BUY REHABS WHEN YOU HAVE CONDO QUALITY TO CASHFLOW FOR YEARS AS THE PLANNED UNIT DEVELOPMENT GOES IN ACROSS THE STREET AND THEN SELL CONDO LATER. LOCATION IN "RIVER'S EDGE OF EAST PILSEN" IS ABOUT TO APPRECIATE. THIS 4 UNIT BUILDING IS UNDER CONSTRUCTION AND FINISH DATE IS MAY 2020. BASED ON MARKET RENT COMPARABLES FROM WITHIN 3 BLOCKS ONCE FULLY RENTED.....ONE STOREFRONT AND THREE LARGE 3 BED 2.1 BATH LUXURY APARTMENTS WILL BE FINISHED ABOVE CONDO QUALITY(QUARTZ COUNTERS, SS QUALITY APPLIANCES, FULL LAUNDRY IN UNIT IN EACH UNIT, ROOF VIEW/ACCESS FOR EACH UNIT, FRONT AND REAR BALCONY FOR EACH. 2 PARKING SPACES(TANDEM) FOR EACH UNIT. THIS LOCATION IS ACROSS THE STREET FROM A MULTI-BUILDING PLANNED UNIT DEVELOPMENT OF 320+ RESIDENTIAL UNITS AND A MID-RISE RETAIL COMPLEX AND 2 BLOCKS FROM "RADIUS" ...A 4000 SEAT PLANNED MUSIC VENUE ON CERMAK. OVER 12 NEW SCATTERED SITE RESIDENTIAL NEW CONSTRUCTION PROJECTS ALSO UNDERWAY WITHIN 3/4 MILE ...... 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. EMAIL FOR OM

Additional Information: This property is located in the CHI - Lower West Side neighborhood, IL. This bedrooms mixed use property is priced at $225.0/sqft.

Price & Status History

Date Details
Status Changed from New to Active

Essential Information

MLS® #: 10605714
Price: $1,800,000
Taxes: $4,000
Square Footage: 8,000
Acres: 0.00
Year Built: 2020
Type: Commercial
Sub-Type: Mixed Use
Status: Active

Community Information

Address: 1921 Jefferson Street
Area: CHI - Lower West Side
City: Chicago
County: Cook
State: IL
Zip Code: 60616

Amenities

Parking Spaces: 6

Interior

Heating: Central Heat/Indiv Controls
Cooling: Central Air
Stories: 4

Exterior

Exterior: Brick, Block
Lot Description: Central Business District, Commercial Business Park, Mixed Use Area, Riverfront, Public Transport Avail
Roof: Flat
Construction: Brick, Concrete, Concrete Block, Steel, Stone
Foundation: Concrete

Additional Information

Zoning: MULTI

Listing Details

Listing Office: Better Living Realty

Financials

$/SqFt: $225

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Listing information last updated on May 28th, 2020 at 7:35pm CDT.