101609 . 12 Home SFR Chicago, IL

101609 . 12 Home SFR Chicago, IL , Chicago, IL 60429

  • For Sale $1,946,000
  • Property Type Multi-Family
  • Property Size 21,031 SF
  • Units 12
  • Lot Size 3.01 Acre
  • Additional Rent Contact for pricing
  • Year Built 1946
  • Date Updated Jul 13, 2024
Chicago, Illinois, situated on the southwestern shore of Lake Michigan, is one of the largest and most vibrant cities in the United States. With a population of over 2.7 million residents, it is a hub of culture, commerce, and innovation. Chicago’s economy is diverse and robust, serving as a major center for finance, technology, manufacturing, transportation, and tourism. The city is home to the Chicago Mercantile Exchange, one of the world’s largest options and futures exchanges, as well as numerous Fortune 500 companies, including Boeing, McDonald’s, and United Airlines. The city’s central location and extensive transportation infrastructure, including O’Hare International Airport, make it a vital hub for domestic and international trade. City development in Chicago is characterized by a blend of historic architecture and modern skyscrapers. The downtown area, known as the Loop, boasts iconic landmarks such as the Willis Tower (formerly known as the Sears Tower), the Chicago Board of Trade Building, and Millennium Park. The city has invested in revitalizing neighborhoods across Chicago, promoting mixed-use developments, green spaces, and cultural amenities. The city is renowned for its world-class educational institutions. The city is home to several prestigious universities, including the University of Chicago, Northwestern University, and the Illinois Institute of Technology. These institutions attract students and researchers from around the globe, contributing to the city’s intellectual vibrancy and innovation ecosystem. Chicago’s public school system, one of the largest in the nation, is undergoing reform efforts to improve educational outcomes for all students. Tourism is a significant driver of Chicago’s economy, with millions of visitors flocking to the city each year to experience its rich cultural offerings and iconic attractions. The Magnificent Mile, a stretch of Michigan Avenue lined with luxury retailers and restaurants, is a popular destination for shopping and dining. Chicago is also known for its world-class museums, including the Art Institute of Chicago, the Field Museum of Natural History, and the Museum of Science and Industry. The city’s vibrant arts scene, encompassing theater, music, and visual arts, draws visitors from around the world. In conclusion, Chicago is a city of contrasts, blending rich history with modern innovation. Its diverse economy, dynamic cityscape, top-tier educational institutions, and vibrant cultural scene make it a global destination for business, education, and tourism. With ongoing development initiatives and a spirit of innovation, Chicago continues to evolve as a world-class city that embraces the future while honoring its past.

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Highlights

  • 12 Home SFR in the Chicago Area Rental Market
  • Asset mix consists of 3-, 4- and 5-bedroom homes
  • Average Home is 1,753 square feet
  • Average vintage of the homes is 1946
  • The portfolio has been professionally managed and maintained
  • Long-term tenants in place
  • Value-add opportunity with current rents 15% below current market rents
  • Current rents average $1,757/month
  • All SVN® Offices Are Independently Owned & Operated
  • Local Broker License Information: www.SFRhub.com/realestatelicensing

Contacts

broker

Tim Orscheln

SVN | SFRhub Marketplace

Location

Getting Around

  • Walk Score ®

    1/100 Car-Dependent
  • Bike Score ®

    23/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Zip Code 60429

Frequently Asked Questions

How much does 101609 . 12 Home SFR Chicago, IL cost?

The space currently listed for sale at 101609 . 12 Home SFR Chicago, IL asks for $1,946,000.

What is the total square footage of 101609 . 12 Home SFR Chicago, IL?

101609 . 12 Home SFR Chicago, IL totals 21,031 square feet.

When was this property built?

101609 . 12 Home SFR Chicago, IL was built in 1946.

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Contact Listing Broker

broker

Tim Orscheln

SVN | SFRhub Marketplace