3604 w diversey ave chicago, il 60647 · 2018. 3. 20. · logan square $765,000 3604 w diversey ave...
TRANSCRIPT
3 Newly Renovated Apartments Logan Square
$765,000
3604 W Diversey AveChicago, IL 60647
Take a look at LOGAN SQUAREDescribed as the "Midwest headquarters of hip," Logan Square has been named one of the 15 "hottest urban retail markets across North America." The ranking by the national commercial real estate services company Cushman & Wakefield was compiled by querying hundreds of its experts across the country, including brokers, property managers, appraisers and marketing executives.
Some of the criteria for "cool" are walkability, bicycle friendliness and ease of public transportation as well as availability of places to eat and hear music..Logan Square's coolness began two decades ago as artists flocked to the area from Wicker Park, where rents became too expensive, the report says. The launch of the Logan Square Farmers Market in 2007 "was a major touchstone," but growth since 2010 has been driven by new restaurants and bars, according to the report.
The report puts the average household income at $84,529, with 60 percent of its adult residents being college-educated. One in three residents are between the ages of 20 and 34, and 58 percent are renters.
At the heart of this community is the actual "square" in Logan Square. It comes together at the intersection of Kedzie and Logan Boulevard, where a circle interchange meets with Milwaukee Avenue. The boulevards themselves are widened thoroughfares that are set apart by grassy, landscaped medians and tall, stately trees that border both its sides. The neighborhood boasts four of them in total and these link together to form Chicago's "Emerald Necklace," an expansive system of interconnected parks and streetscapes dotted with beautifully-restored mansions, handsome greystone homes and majestic churches.
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RUBENST
Multi-Residential-OperatingInformation
5425DennyAveNorthHollywood,CA91601
Summary
Price: $2,950,000DownPayment: $2,750,000NumberofUnits: 8CostperLegalUnit: $368,750CurrentGRM: 14.45CurrentCAP: 4.69%Approx.Age: 2016Approx.LotSize: 11,113Approx.BuildingSF: 6,980CostperNetGSF: $423AnnualizedOperatingData
ScheduledGrossIncome: 204,120LessVacancyRateReserve: (6,124) 3.0%GrossOperatingIncome: 197,996LessExpenses: (59,570) 29.2%NetOperatingIncome: 138,427Pre-TaxCashFlow: 138,427 5.0%
*Asapercentofthedownpayment
ScheduledIncome EstimatedAnnualizedExpenses
No. Bed/Bath Monthly Monthlyof Units SF Rent/Unit Income
4 1+1.5-725sf $1,801 $7,2053 2+2-956sf $2,403 $7,2101 2+2-1214sf $2,595 $2,595
Avg.Rent/Gr.Sq.Ft. $2.44TotalScheduledRent: $17,010 TotalExpenses: $59,570
PerNetSq.Ft.: $8.53MonthlyScheduledGrossIncome: $17,010 PerUnit: $7,446AnnualScheduledGrossIncome: $204,120
theaccuracyoftheinformation.Referencestosquarefootageorageareapproximate.Buyermustverifytheinformationandbearsallriskforanyinaccuracies.Thisinformationhasbeensecuredfromsourceswebelievetobereliable,butwemakenorepresentationsorwarranties,expressedorimpliedasto
Multi-Residential-OperatingInformation
5425DennyAveNorthHollywood,CA91601
Summary
Price: $2,950,000DownPayment: $2,750,000NumberofUnits: 8CostperLegalUnit: $368,750CurrentGRM: 14.45CurrentCAP: 4.69%Approx.Age: 2016Approx.LotSize: 11,113Approx.BuildingSF: 6,980CostperNetGSF: $423AnnualizedOperatingData
ScheduledGrossIncome: 204,120LessVacancyRateReserve: (6,124) 3.0%GrossOperatingIncome: 197,996LessExpenses: (59,570) 29.2%NetOperatingIncome: 138,427Pre-TaxCashFlow: 138,427 5.0%
*Asapercentofthedownpayment
ScheduledIncome EstimatedAnnualizedExpenses
Taxes: $36,875No. Bed/Bath Monthly Monthly Insurance $0.50/RSF $3,490
of Units SF Rent/Unit Income Utilities $55/Unt/Mnt $5,2804 1+1.5-725sf $1,801 $7,205 Repairs+Maintenance $35/Unt/Mnt $3,3603 2+2-956sf $2,403 $7,210 Trash,Pest,Gard,Etc $25/Unt/Mnt $2,4001 2+2-1214sf $2,595 $2,595 Off-siteManager 4.0% $8,165
Avg.Rent/Gr.Sq.Ft. $2.44TotalScheduledRent: $17,010
MonthlyScheduledGrossIncome: $17,010AnnualScheduledGrossIncome: $204,120
theaccuracyoftheinformation.Referencestosquarefootageorageareapproximate.Buyermustverifytheinformationandbearsallriskforanyinaccuracies.Thisinformationhasbeensecuredfromsourceswebelievetobereliable,butwemakenorepresentationsorwarranties,expressedorimpliedasto
Multi-Residential-OperatingInformation
5425DennyAveNorthHollywood,CA91601
Summary
Price: $2,950,000DownPayment: $2,950,000NumberofUnits: 8CostperLegalUnit: $368,750CurrentGRM: 14.45CurrentCAP: 4.69%Approx.Age: 2016Approx.LotSize: 11,113Approx.BuildingSF: 6,980CostperNetGSF: $423AnnualizedOperatingData
ScheduledGrossIncome: 204,120LessVacancyRateReserve: (6,124) 3.0%GrossOperatingIncome: 197,996LessExpenses: (59,570) 29.2%NetOperatingIncome: 138,427Pre-TaxCashFlow: 138,427 4.7%
*Asapercentofthedownpayment
ScheduledIncome EstimatedAnnualizedExpenses
Taxes: $36,875Insurance $0.50/RSF $3,490Utilities $55/Unt/Mnt $5,280Repairs+Maintenance $35/Unt/Mnt $3,360Trash,Pest,Gard,Etc $25/Unt/Mnt $2,400Off-siteManager 4.0% $8,165
Avg.Rent/Gr.Sq.Ft. $2.44TotalScheduledRent: $17,010 TotalExpenses: $59,570
PerNetSq.Ft.: $8.53MonthlyScheduledGrossIncome: $17,010 PerUnit: $7,446AnnualScheduledGrossIncome: $204,120
theaccuracyoftheinformation.Referencestosquarefootageorageareapproximate.Buyermustverifytheinformationandbearsallriskforanyinaccuracies.Thisinformationhasbeensecuredfromsourceswebelievetobereliable,butwemakenorepresentationsorwarranties,expressedorimpliedasto
Multi-Residential-OperatingInformation
5425DennyAveNorthHollywood,CA91601
Summary
Price: $2,950,000DownPayment: $2,950,000NumberofUnits: 8CostperLegalUnit: $368,750CurrentGRM: 14.45CurrentCAP: 4.69%Approx.Age: 2016Approx.LotSize: 11,113Approx.BuildingSF: 6,980CostperNetGSF: $423AnnualizedOperatingData
ScheduledGrossIncome: 204,120LessVacancyRateReserve: (6,124) 3.0%GrossOperatingIncome: 197,996LessExpenses: (59,570) 29.2%NetOperatingIncome: 138,427Pre-TaxCashFlow: 138,427 4.7%
*Asapercentofthedownpayment
ScheduledIncome EstimatedAnnualizedExpenses
Taxes: $36,875No. Bed/Bath SF Monthly Monthly Insurance $0.50/RSF $3,490
of Units Rent/Unit Income Utilities $55/Unt/Mnt $5,2804 1+1.5 725sf $1,801 $7,205 Repairs+Maintenance $35/Unt/Mnt $3,3603 2+2 956sf $2,403 $7,210 Trash,Pest,Gard,Etc $25/Unt/Mnt $2,4001 2+2 1214sf $2,595 $2,595 Off-siteManager 4.0% $8,165
TotalExpenses: $59,570PerNetSq.Ft.: $8.53PerUnit: $7,446
theaccuracyoftheinformation.Referencestosquarefootageorageareapproximate.Buyermustverifytheinformationandbearsallriskforanyinaccuracies.Thisinformationhasbeensecuredfromsourceswebelievetobereliable,butwemakenorepresentationsorwarranties,expressedorimpliedasto
Multi-Residential-OperatingInformation
5425DennyAveNorthHollywood,CA91601
Summary
Price: $2,950,000DownPayment: $2,950,000NumberofUnits: 8CostperLegalUnit: $368,750CurrentGRM: 14.45CurrentCAP: 4.69%Approx.Age: 2016Approx.LotSize: 11,113Approx.BuildingSF: 6,980CostperNetGSF: $423AnnualizedOperatingData
ScheduledIncome EstimatedAnnualizedExpenses
Taxes: $36,875No. Bed/Bath Monthly Monthly Insurance $0.50/RSF $3,490
of Units SF Rent/Unit Income Utilities $55/Unt/Mnt $5,2804 1+1.5-725sf $1,801 $7,205 Repairs+Maintenance $35/Unt/Mnt $3,3603 2+2-956sf $2,403 $7,210 Trash,Pest,Gard,Etc $25/Unt/Mnt $2,4001 2+2-1214sf $2,595 $2,595 Off-siteManager 4.0% $8,165
Avg.Rent/Gr.Sq.Ft. $2.44TotalScheduledRent: $17,010 TotalExpenses: $59,570
PerNetSq.Ft.: $8.53MonthlyScheduledGrossIncome: $17,010 PerUnit: $7,446AnnualScheduledGrossIncome: $204,120
theaccuracyoftheinformation.Referencestosquarefootageorageareapproximate.Buyermustverifytheinformationandbearsallriskforanyinaccuracies.Thisinformationhasbeensecuredfromsourceswebelievetobereliable,butwemakenorepresentationsorwarranties,expressedorimpliedasto
Multi-Residential-OperatingInformation
5425DennyAveNorthHollywood,CA91601
Summary
NumberofUnits: 8CostperLegalUnit: $368,750CurrentGRM: 14.45CurrentCAP: 4.69%Approx.Age: 2016Approx.LotSize: 11,113Approx.BuildingSF: 6,980CostperNetGSF: $423AnnualizedOperatingData
ScheduledGrossIncome: 204,120LessVacancyRateReserve: (6,124) 3.0%GrossOperatingIncome: 197,996LessExpenses: (59,570) 29.2%NetOperatingIncome: 138,427Pre-TaxCashFlow: 138,427 4.7%
*Asapercentofthedownpayment
ScheduledIncome EstimatedAnnualizedExpenses
Taxes: $36,875No. Bed/Bath SF Monthly Monthly Insurance $0.50/RSF $3,490
of Units Rent/Unit Income Utilities $55/Unt/Mnt $5,2804 1+1.5 725sf $1,801 $7,205 Repairs+Maintenance $35/Unt/Mnt $3,3603 2+2 956sf $2,403 $7,210 Trash,Pest,Gard,Etc $25/Unt/Mnt $2,4001 2+2 1214sf $2,595 $2,595 Off-siteManager 4.0% $8,165
Avg.Rent/Gr.Sq.Ft. $2.44TotalScheduledRent: $17,010 TotalExpenses: $59,570
PerNetSq.Ft.: $8.53MonthlyScheduledGrossIncome: $17,010 PerUnit: $7,446AnnualScheduledGrossIncome: $204,120
theaccuracyoftheinformation.Referencestosquarefootageorageareapproximate.Buyermustverifytheinformationandbearsallriskforanyinaccuracies.Thisinformationhasbeensecuredfromsourceswebelievetobereliable,butwemakenorepresentationsorwarranties,expressedorimpliedasto
Multi-Residential-OperatingInformation
5425DennyAveNorthHollywood,CA91601
Summary
Price: $2,950,000DownPayment: $2,950,000
ScheduledGrossIncome: 204,120LessVacancyRateReserve: (6,124) 3.0%GrossOperatingIncome: 197,996LessExpenses: (59,570) 29.2%NetOperatingIncome: 138,427Pre-TaxCashFlow: 138,427 4.7%
*Asapercentofthedownpayment
ScheduledIncome EstimatedAnnualizedExpenses
Taxes: $36,875No. Bed/Bath SF Monthly Monthly Insurance $0.50/RSF $3,490
of Units Rent/Unit Income Utilities $55/Unt/Mnt $5,2804 1+1.5 725sf $1,801 $7,205 Repairs+Maintenance $35/Unt/Mnt $3,3603 2+2 956sf $2,403 $7,210 Trash,Pest,Gard,Etc $25/Unt/Mnt $2,4001 2+2 1214sf $2,595 $2,595 Off-siteManager 4.0% $8,165
Avg.Rent/Gr.Sq.Ft. $2.44TotalScheduledRent: $17,010 TotalExpenses: $59,570
PerNetSq.Ft.: $8.53MonthlyScheduledGrossIncome: $17,010 PerUnit: $7,446AnnualScheduledGrossIncome: $204,120
theaccuracyoftheinformation.Referencestosquarefootageorageareapproximate.Buyermustverifytheinformationandbearsallriskforanyinaccuracies.Thisinformationhasbeensecuredfromsourceswebelievetobereliable,butwemakenorepresentationsorwarranties,expressedorimpliedasto
312.867.8744 | [email protected]
RENT ROLL
312.867.8744| [email protected]
312.867.8744 | [email protected]
Bedroom Living Room Bathroom Kitchen
RENTAL COMPS2815 N Springfield Unit 1
2627 N Ridgeway Ave
2656 N Hamlin
2823 N Central Park
Year Built: 1900Beds: 2Baths: 1Sq. Ft.: 1200Price: $1500$/SqFt: $1.25Notes: Remodeled
Year Built: 1912Beds: 2Baths: 1Sq. Ft.: 700Price: $1400$/SqFt: $2.00Notes: Older Appliances
Year Built: UnkBeds: 2Baths: 2Sq. Ft.:Price:$/SqFt:Notes:
900$1,595$1.77 Remodeled
Year Built: 1916Beds: 2Baths: 1Sq. Ft.: 700Price: $1450$/SqFt: $2.07
RemodeledNotes:
312.867.8744 | [email protected]
2447 N Kimball Ave , Chicago, Illinois 60647
3136 W Fullerton Ave , Chicago, Illinois 60647
2517 N Kimball, CHicago, IL 60647
2710 N California, Chicago, Illinois 60647
No. Of Units: 3Year Built: 1906Sale Price:Price/Unit:
$1,512,500$302,500
Sold Date: 6 / 1 / 2 017
No. Of Units: 3 Year Built: 1901Sale Price:Price/Unit:
$800,000$266,666
Sold Date: 3/23/2017
No. Of Units: 3Year Built: 1905Sale Price:Price/Unit:
$825,000$275,000
Sold Date: 6/22/2016
No. Of Units: 3Year Built: UNKSale Price:Price/Unit:
$1,080,000$360,000
Sold Date: 4/7/2017
SALES COMPS
312.867.8744| [email protected]