Wicker Park :: Condo Deconversion :: 6 Flat€¦ · Kiser Group | P: 773.293.5000 |...
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Kiser Group | P: 773.293.5000 | [email protected] FOR MORE INFORMATION, PLEASE CONTACT: 1628 W. Montrose Ave. Chicago, IL 60613 Tel: (773) 293-5000 Fax: (773) 293-5001 www.kisergroup.com PROPERTY OVERVIEW 2147 W Potomac Ave is centrally located in Wicker Park, one of the prime neighborhoods of Chicago. The property was converted to condominiums in 2007, and included new plumbing and electrical. Units are spacious and well maintained with granite and stainless kitchens, hardwood floors throughout, and additional features depending upon the unit. Each unit has its own A/C, water heater, and washer/dryer. The first floor was originally two units and retains both kitchens. Restoring the unit to its original two-unit configuration will require minimal expense. Open attic space provides the opportunity to easily duplex-up the two top floor units, increasing rentable square footage and bedroom count. The basement serves as storage space, and the property has a detached two-car garage. *The first floor unit is converted under a single PIN, but retains the original two-unit configuration including both kitchens, baths, and bedrooms. PROPERTY HIGHLIGHTS • Highly Desirable Location • Full Board Approval for Deconversion • Great Unit Mix • Garage Parking • Value-add opportunity $1,650,000 6* 5.74% $94,772 $275,000 4,600 SF 1886 2007 Wicker Park Wicker Park :: Condo Deconversion :: 6 Flat 2147 W Potomac Ave, Chicago, IL 60622 OFFERING SUMMARY Sale Price: Price / Unit: Number Of Units: Cap Rate: NOI: Year Built: Building Size: Renovated: Submarket:
Transcript of Wicker Park :: Condo Deconversion :: 6 Flat€¦ · Kiser Group | P: 773.293.5000 |...
Kiser Group | P: 773.293.5000 | [email protected] MORE INFORMATION, PLEASE CONTACT:
1628 W. Montrose Ave.Chicago, IL 60613
Tel: (773) 293-5000Fax: (773) 293-5001
www.kisergroup.com
PROPERTY OVERVIEW2147 W Potomac Ave is centrally located in Wicker Park, one of the prime neighborhoods of Chicago. The property was converted to condominiums in 2007, and included new plumbing and electrical. Units are spacious and well maintained with granite and stainless kitchens, hardwood floors throughout, and additional features depending upon the unit. Each unit has its own A/C, water heater, and washer/dryer. The first floor was originally two units and retains both kitchens. Restoring the unit to its original two-unit configuration will require minimal expense.Open attic space provides the opportunity to easily duplex-up the two top floor units, increasing rentable square footage and bedroom count. The basement serves as storage space, and the property has a detached two-car garage.
*The first floor unit is converted under a single PIN, but retains the original two-unit configuration including both kitchens, baths, and bedrooms.
PROPERTY HIGHLIGHTS
• Highly Desirable Location
• Full Board Approval for Deconversion
• Great Unit Mix
• Garage Parking
• Value-add opportunity
$1,650,000
6*
5.74%
$94,772
$275,000
4,600 SF
1886
2007
Wicker Park
Wicker Park :: Condo Deconversion :: 6 Flat2147 W Potomac Ave, Chicago, IL 60622
OFFERING SUMMARY
Sale Price:
Price / Unit:
Number Of Units:
Cap Rate:
NOI:
Year Built:
Building Size:
Renovated:
Submarket:
Kiser Group | P: 773.293.5000 | [email protected] MORE INFORMATION, PLEASE CONTACT:
1628 W. Montrose Ave.Chicago, IL 60613
Tel: (773) 293-5000Fax: (773) 293-5001
www.kisergroup.com
Wicker Park :: Condo Deconversion :: 6 Flat2147 W Potomac Ave, Chicago, IL 60622
Kiser Group | P: 773.293.5000 | [email protected] MORE INFORMATION, PLEASE CONTACT:
1628 W. Montrose Ave.Chicago, IL 60613
Tel: (773) 293-5000Fax: (773) 293-5001
www.kisergroup.com
Wicker Park :: Condo Deconversion :: 6 Flat2147 W Potomac Ave, Chicago, IL 60622
Kiser Group | P: 773.293.5000 | [email protected] MORE INFORMATION, PLEASE CONTACT:
1628 W. Montrose Ave.Chicago, IL 60613
Tel: (773) 293-5000Fax: (773) 293-5001
www.kisergroup.com
* Demographic data derived from 2010 US Census
0.25 Miles 0.5 Miles 1 Mile
Total Population 4,689 18,924 75,582
Population Density 23,881 24,095 24,059
Median Age 30.9 31.0 30.8
Median Age (Male) 32.8 32.6 31.6
Median Age (Female) 29.6 29.8 30.2
Total Households 2,055 8,610 33,525
# of Persons Per HH 2.3 2.2 2.3
Average HH Income $94,132 $90,418 $93,907
Average House Value $541,040 $536,465 $535,148
Wicker Park :: Condo Deconversion :: 6 Flat2147 W Potomac Ave, Chicago, IL 60622
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