1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units....

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SVN | CHICAGO COMMERCIAL | 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL 60607 SALE PROPOSAL 1348-50 W. AUGUSTA BLVD 1350 W. AUGUSTA BLVD CHICAGO, IL 60642

Transcript of 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units....

Page 1: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

SVN | CHICAGO COMMERCIAL | 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL 60607 SALE PROPOSAL

1348-50 W.AUGUSTA BLVD1350 W. AUGUSTA BLVDCHICAGO, IL 60642

Page 2: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

1 PROPERTYINFORMATION

1350 W. Augusta BlvdChicago, IL 60642

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 2

Page 3: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

OFFERING SUMMARY

Sale Price: $1,450,000

Number Of Units: 3

Lot Size: 5,114 SF

Year Built: 1898

Building Size: 3,495 SF

Renovated: 1998

Zoning: C1-2 & RM-5

Market: Chicago

Submarket: Noble Square

Brick 3-unit in highly sought after Noble Square neighborhood of Chicago plus adjacent land site included. The subjectproperty is immediately off of the I-90/94 Milwaukee Exit Ramp and a short walk to the Division Blue Line Stop. Theproperty is set up as one (1) 3BR/2.5BA Duplex unit and two (2) 2BR/2BA units and a lot adjacent currently being rentedfor parking but plans to develop utilizing favorable RM-5 Zoning. Upgrades to the 3-unit include in-unit laundry, steelporch in the rear, upgraded kitchens & baths, & more.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• Value-Add in Noble Square

• Easy Transportation

• Large Units with Multiple Baths

• Adjacent Lot Included in Sale (RM-5 Zoned)

Property Summary

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 3The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Page 4: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Brick 3-unit in highly sought after Noble Square neighborhood of Chicago plus adjacent land site included.The subject property is immediately off of the I-90/94 Milwaukee Exit Ramp and a short walk to theDivision Blue Line Stop. The property is set up as one (1) 3BR/2.5BA Duplex unit and two (2) 2BR/2BA unitsand a lot adjacent currently being rented for parking but plans to develop utilizing favorable RM-5 Zoning.Upgrades to the 3-unit include in-unit laundry, steel porch in the rear, upgraded kitchens & baths, & more.

PROPERTY OVERVIEW

Located In Chicago's Noble Square neighborhood, the subject property sits on Augusta Blvd right off theMilwaukee Ave exit from the Kennedy Expressway (I-90/94) and just a short walk to the CTA Blue LineStation and Multiple Bus stops.

Tenants benefit from the ease of access to grocery, restaurants, schools, coffee shops, boutiques andease of transportation to Chicago's Business District & O'Hare International Airport.

LOCATION OVERVIEW

Property Description

Page 5: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Additional Photos

Page 6: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

2 LOCATIONINFORMATION

1350 W. Augusta BlvdChicago, IL 60642

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 6

Page 7: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

1348-50 W. Augusta Blvd

Regional Map

Page 8: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 8The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Location Maps

Page 9: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

1348-50 W. Augusta Blvd

Aerial Map

Page 10: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 10The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Retailer Map

Page 11: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 11The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

1350 W Augusta Survey 1348 W. Augusta Study (4 Unit Conceptual Plan)

Survey & Plans

Page 12: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 12The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Zoning Map

Page 13: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

3 FINANCIALANALYSIS1350 W. Augusta Blvd

Chicago, IL 60642

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 13

Page 14: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 14The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

UNITNUMBER

UNITBED

UNITBATH

LEASESTART

LEASEEND

LEASESTART

CURRENTRENT

MARKETRENT

MARKETRENT (PER SF)

RECOVERYTYPE COMMENTS

1st Fl 3 2.5 6/1/2014 MTM Current $2,200 $2,500

2nd Fl 2 2 2/1/2012 MTM Current $1,700 $2,100

3rd Fl 2 2 8/1/2013 MTM Current $1,850 $2,100

Totals/Averages $5,750 $6,700 $0 $0

Rent Roll

Page 15: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 15The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

INCOME SUMMARY PER SF

Gross Income $70,500 $20.17

EXPENSE SUMMARY PER SF

R/E Taxes (2017 - 2 PIN's) $8,465 $2.42Insurance $2,151 $0.62Water / Sewer $2,396 $0.69Electric $203 $0.06Maintenance (Projection) $100 $0.03Management (5% - Est) $3,450 $0.99

Gross Expenses $16,765 $4.80

Net Operating Income $53,734 $15.37

Income & Expenses

Page 16: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

4 SALECOMPARABLES

1350 W. Augusta BlvdChicago, IL 60642

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 16

Page 17: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

SUBJECT PROPERTY

1350 W. Augusta Blvd, Chicago, IL 60642

$1,450,000Sale Price: 5,114 SFLot Size: 1898Year Built:

3,495 SFBuilding SF: $414.88Price PSF: 3No. Units:

3.71%Cap: 21.01GRM: $53,734NOI:

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932 N NOBLE STREET

Chicago, IL 60642

$1,300,000Sale Price: 1878Year Built: 5,373 SFBuilding SF:

$241.95Price PSF: 4No. Units: $325,000Price / Unit:

5.92%CAP: 06/07/2018Closed: 100%Occupancy:

Completely rehabbed 4 unit (2009). Large owners unit with 14' ceilings and a 2 car garage included in the sale.

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1429 W. SUPERIOR STREET

Chicago, IL 60642

$1,100,000Sale Price: 3,075 AcresLot Size: 2,646 SFBuilding SF:

$415.72Price PSF: 4.87%CAP: 06/01/2018Closed:

100%Occupancy:

Recently rehabbed (2016) 3 unit brick. Detached 2 car garage included in the sale. 1 2BR/1BA unit, 1 2BR/2BA unitand 1 3BR/2BA unit. Sold to an investor looking to upgrade all rents back to market for an estimated cap rate of6.5%.

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1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 17The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Sale Comps

Page 18: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

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879 N. PAULINA STREET

Chicago, IL 60622

$859,000Sale Price: 1888Year Built: 3,561 SFBuilding SF:

$241.22Price PSF: 3No. Units: $286,333Price / Unit:

5.81%CAP: 05/04/2018Closed: 100%Occupancy:

Partially renovated 3-unit on Paulina Street. Oversized lot, 2 car garage in rear included in the sale.

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1708 W. AUGUSTA BLVD

Chicago, IL 60622

$870,800Sale Price: 1887Year Built: 2,142 SFBuilding SF:

$406.54Price PSF: 4No. Units: $217,700Price / Unit:

5.6%CAP: 05/03/2018Closed: 100%Occupancy:

Gut rehabbed (2003) 4 unit building with a mix of 2 1BR/1BA units and 2 2BR/2BA units. Below market rents withleases expiring within a month or two of closing.

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1464 W. OHIO STREET

Chicago, IL 60642

$943,000Sale Price: 1,898 SFBuilding SF: $496.84Price PSF:

4No. Units: $235,750Price / Unit: 6.7%CAP:

02/28/2018Closed: 100%Occupancy:

Recently rehabbed (2011) 4 unit with a mix of 2 2BR/2BA units and 2 2BR/1BA units.

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1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 18The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Sale Comps

Page 19: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

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852 N. ELSTON AVE

Chicago, IL 60642

$1,111,111Sale Price: 1892Year Built: 1,990 SFBuilding SF:

$558.35Price PSF: 4No. Units: $277,777Price / Unit:

6.26%CAP: 01/11/2018Closed: 100%Occupancy:

Well maintained 4 unit brick gutted to the studs in 1990. All units 2BR/1BA.

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1460 W. HURON STREET

Chicago, IL 60642

$775,000Sale Price: 2,478 SFBuilding SF: $312.75Price PSF:

3No. Units: $258,333Price / Unit: 8.21%CAP:

11/06/2017Closed: 100%Occupancy:

Newly rehabbed 3 unit (2016) with a mix of 1, 2 & 3BR units.

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1355 W WALTON STREET

Chicago, IL 60642

$1,200,000Sale Price: 1882Year Built: 3,538 SFBuilding SF:

$339.17Price PSF: 4No. Units: $300,000Price / Unit:

5%CAP: 09/29/2017Closed: 100%Occupancy:

Newly rehabbed 4 unit (2015). Includes 1, 2 & 3BR units.

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1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 19The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Sale Comps

Page 20: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

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1422 W CHESTNUT STREET

Chicago, IL 60642

$1,350,000Sale Price: 1885Year Built: 3,752 SFBuilding SF:

$359.81Price PSF: 4No. Units: $337,500Price / Unit:

7.6%CAP: 09/11/2017Closed: 100%Occupancy:

Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units.

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1028 N MARSHFIELD AVE

Chicago, IL 60622

$1,275,000Sale Price: 1890Year Built: 2,622 SFBuilding SF:

$486.27Price PSF: 4No. Units: $318,750Price / Unit:

6.18%CAP: 07/12/2017Closed: 100%Occupancy:

Rehabbed & rebuilt 4-unit (2004) with below market rents.

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1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 20The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Sale Comps

Page 21: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 21The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

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SUBJECT PROPERTY PRICE BLDG SF PRICE/SF PRICE/UNIT CAP GRM # OF UNITS

1348-50 W. Augusta Blvd1350 W. Augusta BlvdChicago, IL 60642

$1,450,000 3,495 SF $414.88 $483,333 3.71% 21.01 3

SALE COMPS PRICE BLDG SF PRICE/SF PRICE/UNIT CAP GRM # OF UNITS CLOSE

932 N Noble StreetChicago, IL60642

$1,300,000 5,373 SF $241.95 $325,000 5.92% - 4 06/07/2018

1429 W. Superior StreetChicago, IL60642

$1,100,000 2,646 SF $415.72 $366,666 4.87% - 3 06/01/2018

879 N. Paulina StreetChicago, IL60622

$859,000 3,561 SF $241.22 $286,333 5.81% - 3 05/04/2018

1708 W. Augusta BlvdChicago, IL60622

$870,800 2,142 SF $406.54 $217,700 5.6% - 4 05/03/2018

1464 W. Ohio StreetChicago, IL60642

$943,000 1,898 SF $496.84 $235,750 6.7% - 4 02/28/2018

852 N. Elston AveChicago, IL60642

$1,111,111 1,990 SF $558.35 $277,777 6.26% - 4 01/11/2018

1460 W. Huron StreetChicago, IL60642

$775,000 2,478 SF $312.75 $258,333 8.21% - 3 11/06/2017

Sale Comps Summary

Page 22: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 22The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

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SUBJECT PROPERTY PRICE BLDG SF PRICE/SF PRICE/UNIT CAP GRM # OF UNITS

1355 W Walton StreetChicago, IL60642

$1,200,000 3,538 SF $339.17 $300,000 5.0% - 4 09/29/2017

1422 W Chestnut StreetChicago, IL60642

$1,350,000 3,752 SF $359.81 $337,500 7.6% - 4 09/11/2017

1028 N Marshfield AveChicago, IL60622

$1,275,000 2,622 SF $486.27 $318,750 6.18% - 4 07/12/2017

PRICE BLDG SF PRICE/SF PRICE/UNIT CAP GRM # OF UNITS CLOSE

Totals/Averages $1,078,391 3,000 SF $359.46 $291,457 6.22% - 3.7

Sale Comps Summary

Page 23: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

1350 W. Augusta Blvd, Chicago, IL 60642SUBJECT PROPERTY

1 Chicago, IL60642

932 N NOBLE STREET2 Chicago, IL

60642

1429 W. SUPERIOR STREET3 Chicago, IL

60622

879 N. PAULINA STREET4 Chicago, IL

60622

1708 W. AUGUSTA BLVD

5 Chicago, IL60642

1464 W. OHIO STREET6 Chicago, IL

60642

852 N. ELSTON AVE7 Chicago, IL

60642

1460 W. HURON STREET8 Chicago, IL

60642

1355 W WALTON STREET

9 Chicago, IL60642

1422 W CHESTNUT STREET10 Chicago, IL

60622

1028 N MARSHFIELD AVE

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 23The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Sale Comps Map

Page 24: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

5 RENTCOMPARABLES

1350 W. Augusta BlvdChicago, IL 60642

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 24

Page 25: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

SUBJECT PROPERTY

1350 W. Augusta Blvd, Chicago, IL 60642

1898Year Built: 3,495 SFBldg Size: 5,114 SFLot Size:3No. Units: Avg. Rent/SF: 0 SFAvg. Size:$1,916Avg. Rent:

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1504 W. AUGUSTA BLVD

Chicago, IL 60642

2006Year Built: 3,000 SFBuilding SF: 2,733 SFLot Size:3No. Units: 1,000 SFAvg. Size: $2.25Avg. Rent/SF:$2,250Avg. Rent:

2BR / 2BA Apartment (Condo) in a 12 year old building.

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1543 W WALTON STREET

Chicago, IL 60622

1996Year Built: 4,498 SFBuilding SF: 0 AcresLot Size:1,200 SFAvg. Size: $1.67Avg. Rent/SF: $2,000Avg. Rent:

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1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 25The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Rent Comps

Page 26: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

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933 N RACINE AVE

Chicago, IL 60642

1991Year Built: 1,248 SFBuilding SF: 0 AcresLot Size:1,248 SFAvg. Size: $2.00Avg. Rent/SF: $2,500Avg. Rent:

Rare 3-story townhome with 2BR & 2BA and a parking space included in the rent.

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1530 W. CORTEZ ST

Chicago, IL 60642

2000Year Built: 5,800 SFBuilding SF: 0 AcresLot Size:1,450 SFAvg. Size: $1.79Avg. Rent/SF: $2,600Avg. Rent:

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1433 W. WALTON STREET

Chicago, IL 60642

1989Year Built: 3,600 SFBuilding SF: 0 AcresLot Size:3No. Units: 1,200 SFAvg. Size: $2.02Avg. Rent/SF:$2,425Avg. Rent:

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1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 26The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Rent Comps

Page 27: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

RENT COMPS RENT/SF AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY %

1504 W. Augusta BlvdChicago, IL60642

$2.25 1,000 SF 3,000 SF 3 -

1543 W Walton StreetChicago, IL60622

$1.67 1,200 SF 4,498 SF - -

933 N Racine AveChicago, IL60642

$2.00 1,248 SF 1,248 SF - -

1530 W. Cortez StChicago, IL60642

$1.79 1,450 SF 5,800 SF - -

1433 W. Walton StreetChicago, IL60642

$2.02 1,200 SF 3,600 SF 3 -

RENT/SF AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY %

Totals/Averages $1.95 1,220 SF 3,629 SF 3 0%

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1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 27The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Rent Comps Summary

Page 28: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

1 Chicago, IL60642

1504 W. AUGUSTA BLVD2 Chicago, IL

60622

1543 W WALTON STREET3 Chicago, IL

60642

933 N RACINE AVE4 Chicago, IL

60642

1530 W. CORTEZ ST

5 Chicago, IL60642

1433 W. WALTON STREET

1350 W. Augusta Blvd, Chicago, IL 60642SUBJECT PROPERTY

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 28The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Rent Comps Map

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6DEMOGRAPHICS

1350 W. Augusta BlvdChicago, IL 60642

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 29

Page 30: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 30The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

1 MILE 3 MILES 5 MILES

Total population 46,396 467,137 1,078,557

Median age 31.4 32.4 32.3

Median age (male) 31.5 32.7 32.2

Median age (female) 31.6 32.3 32.7

Total households 22,120 231,748 476,109

Total persons per HH 2.1 2.0 2.3

Average HH income $93,501 $109,402 $89,145

Average house value $456,884 $545,851 $477,125

* Demographic data derived from 2010 US Census

Demographics Report

Page 31: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 31The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

POPULATION 1 MILE 3 MILES 5 MILES

Total population 46,396 467,137 1,078,557

Median age 31.4 32.4 32.3

Median age (Male) 31.5 32.7 32.2

Median age (Female) 31.6 32.3 32.7

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 22,120 231,748 476,109

# of persons per HH 2.1 2.0 2.3

Average HH income $93,501 $109,402 $89,145

Average house value $456,884 $545,851 $477,125

* Demographic data derived from 2010 US Census

Demographics Map

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7 ADVISOR BIOS1350 W. Augusta Blvd

Chicago, IL 60642

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 32

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940 West Adams Street, Suite 200Chicago, IL 60607T 312.676.1870C [email protected]

PROFESSIONAL BACKGROUND

Angelo J. Labriola serves as a Vice President for SVN | Chicago Commercial, specializing in the sale of multi-family,mixed-use, development land, retail and industrial property. Throughout his career Labriola has worked towardspossessing a well-rounded expertise in all aspects of commercial real estate to better serve his clients. Prior to joiningSVN, Mr. Labriola served as a Commercial Associate for Inland Real Estate Brokerage, Inc., a full-service commercial realestate firm based in Oak Brook, IL, and worked out of their satellite sales office located in Chicago, IL. He hasparticipated in many high profile listings, including a portfolio of Class A LifeStyle Retail Centers in the Southwest &Western Suburbs of Chicago, valuing over $300 Million, and a rare redevelopment opportunity in Chicago's Gold Coast atChicago Ave. & Rush Street, just one block from the Magnificent Mile. Mr. Labriola has been a top producer (ranked in thetop 7% of all SVN Advisors nationwide) as well as part of a top producing listing team year over year. His specialtiesinclude mixed-use & multi-family assets in the near Loop neighborhoods and, along with business partner PaulCawthon, they have currently completed over 50 transactions and have multiple more in contract on the horizon.

Mr. Labriola has is currently a part of the Chicago Association of Realtors (CAR), the Illinois Association of Realtors (IAR)and the National Association of Realtors (NAR). He earned a B.S. in Finance and a minor in Economics with an emphasisin Real Estate from DePaul University in Chicago, IL. In his spare time Mr. Labriola enjoys the game of soccer andspending time with his wife and family.

EDUCATION

B.S. in Finance and a minor in Economics from DePaul University - Chicago, IL

MEMBERSHIPS & AFFILIATIONS

National Association of Realtors (NAR)Illinois Association of Realtors (IAR)Chicago Association of Realtors (CAR)

ANGELO LABRIOLA

Vice President

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 33The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Mr. Labriola Bio

Page 34: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

940 West Adams Street, Suite 200Chicago, IL 60607T 312.676.1878C [email protected]

PROFESSIONAL BACKGROUND

Paul Cawthon serves as a Vice President for SVN | Chicago Commercial. He specializes in multi-family, sale and leasingof retail, as well as commercial development property. The Cawthon- Labriola team are specialists in the Pilsenneighborhood, with 60+ transactions completed in the neighborhood over the past few years.

Prior to joining SVN he served as a senior commercial associate with the Chicago office of Inland Real Estate Brokerage,Inc. A business owner for over 15 years, Mr. Cawthon capitalizes on his entrepreneurial skills and experience by offeringhis clients in-depth analysis of real estate products and financial solutions for their real estate investments. During hisextensive real estate career Cawthon has won real estate awards such as the Rookie of the Year award for outstandingsales achievement and Lister of the Year. He has also been featured on the front page of the Chicago Tribune's SundayReal Estate Section. Mr. Cawthon has participated in many high profile property listings including a portfolio of Class ALifestyle Retail Centers in the Chicagoland area valuing at over $300 million and a rare redevelopment opportunity inChicago's Gold Coast area located just off the Magnificent Mile. He has been hired by several municipalities to advisethem on redevelopment and attracting retailers to their communities.In 2016, Mr. Cawthon and Angelo Labriola were ranked in the top 7% of all SVN Advisors nationwide.

Paul resides with his family in Burr Ridge and in his spare time likes to spend time with his wife, Reda and their twodaughters, Sedona and Savanna.

PAUL CAWTHON

Vice President

1348-50 W. AUGUSTA BLVD | 1350 W. AUGUSTA BLVD CHICAGO, IL 60642 SVN | Chicago Commercial | Page 34The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Mr. Cawthon Bio

Page 35: 1348-50 W. AUGUSTA BLVD...Brand new rehab units (2017) and all duplex units. Large 2BR & 3BR units. 9 10 1028 N MARSHFIELD AVE Chicago, IL 60622 Sale Price: $1,275,000 Year Built:

940 West Adams Street, Suite 200Chicago, IL 60607

312.676.1870svnchicago.com

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