1900 S Throop St
10,300 SF 100% Leased Retail Building Chicago, IL 60608 $3,296,498 CAD ($320.05 CAD/SF) 6.57% Cap Rate
INVESTMENT HIGHLIGHTS
- Corner income building in Chicago's hot Pilsen neighborhood
- tenant heated 11 apartments plus 1 store
EXECUTIVE SUMMARY
Prime Investment opportunity in Pilsen, Chicago! This turnkey, tenant heated income-generating 12 unit property is a rare find in the highly sought-after Pilsen neighborhood of Chicago. Fully rented with strong cash flow, this building includes 11 residential apartments and 1 commercial storefront. offering a diverse income stream. With all rents currently below market value, there is significant upside potential for future appreciation. The property is surrounded by new construction and condo conversions, further enhancing its investment appeal. Don't miss this armchair investment - a hassle-free opportunity in a rapidly growing area!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
10,300 SF
Building Class
C
Year Built
1871
Price
$3,296,498 CAD
Price Per SF
$320.05 CAD
Cap Rate
6.57%
NOI
$216,702 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.49
Lot Size
0.09 AC
Zoning
RT4, Chicago
Parking
7 Spaces (0.68 Spaces per 1,000 SF Leased)
Walk Score®
Walker's Paradise (96)
Bike Score®
Biker's Paradise (99)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 17-20-323-038-0000 | Total Assessment | $190,262 CAD |
| Land Assessment | $21,907 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $168,356 CAD | Tax Year | 2024 |
