a retail investment offering 42-58 e. 26th st., chicago ......a retail investment offering 42-58 e....
TRANSCRIPT
A Retail Investment Offering
42-58 E. 26TH ST., CHICAGO, IL 60616
INVESTMENT [email protected]
DHERECKGOMEZ
CHETKONDAS
PRESENTED BY:
This information is given without representation or warranty. It should be verified independently and is subject tochange, correction, prior sale, lease or withdrawal without notice.
Page 2MORE INFORMATION AVAILABLE ONLINE:
33realty.com
3 EXECUTIVE SUMMARY
4 FLOOR PLANS
5 LOCATION INFORMATION
6 REGIONAL MAP
7 AERIAL MAPS
8 FINANCIAL ANALYSIS
9 FINANCIAL SUMMARY
10 INCOME & EXPENSES
11 RENT ROLL
12 SALES COMPARABLES
13 SALE COMPS MAP
14 SALE COMPS
15 SALE COMPS SUMMARY
16 RENT COMPARABLES
17 RENT COMPS
18 RENT COMPS SUMMARY
19 RENT COMPS MAP
20 DEMOGRAPHICS
3 EXECUTIVE SUMMARY
4 FLOOR PLANS
5 LOCATION INFORMATION
6 REGIONAL MAP
7 AERIAL MAPS
8 FINANCIAL ANALYSIS
9 FINANCIAL SUMMARY
10 INCOME & EXPENSES
11 RENT ROLL
12 SALES COMPARABLES
13 SALE COMPS MAP
14 SALE COMPS
15 SALE COMPS SUMMARY
16 RENT COMPARABLES
17 RENT COMPS
18 RENT COMPS SUMMARY
19 RENT COMPS MAP
20 DEMOGRAPHICS
3 EXECUTIVE SUMMARY
4 FLOOR PLANS
5 LOCATION INFORMATION
6 REGIONAL MAP
7 AERIAL MAPS
8 FINANCIAL ANALYSIS
9 FINANCIAL SUMMARY
10 INCOME & EXPENSES
11 RENT ROLL
12 SALES COMPARABLES
13 SALE COMPS MAP
14 SALE COMPS
15 SALE COMPS SUMMARY
16 RENT COMPARABLES
17 RENT COMPS
18 RENT COMPS SUMMARY
19 RENT COMPS MAP
20 DEMOGRAPHICS
3 EXECUTIVE SUMMARY
4 FLOOR PLANS
5 LOCATION INFORMATION
6 REGIONAL MAP
7 AERIAL MAPS
8 FINANCIAL ANALYSIS
9 FINANCIAL SUMMARY
10 INCOME & EXPENSES
11 RENT ROLL
12 SALES COMPARABLES
13 SALE COMPS MAP
14 SALE COMPS
15 SALE COMPS SUMMARY
16 RENT COMPARABLES
17 RENT COMPS
18 RENT COMPS SUMMARY
19 RENT COMPS MAP
20 DEMOGRAPHICS
3 EXECUTIVE SUMMARY
4 FLOOR PLANS
5 LOCATION INFORMATION
6 REGIONAL MAP
7 AERIAL MAPS
8 FINANCIAL ANALYSIS
9 FINANCIAL SUMMARY
10 INCOME & EXPENSES
11 RENT ROLL
12 SALES COMPARABLES
13 SALE COMPS MAP
14 SALE COMPS
15 SALE COMPS SUMMARY
16 RENT COMPARABLES
17 RENT COMPS
18 RENT COMPS SUMMARY
19 RENT COMPS MAP
20 DEMOGRAPHICS
3 EXECUTIVE SUMMARY
4 FLOOR PLANS
5 LOCATION INFORMATION
6 REGIONAL MAP
7 AERIAL MAPS
8 FINANCIAL ANALYSIS
9 FINANCIAL SUMMARY
10 INCOME & EXPENSES
11 RENT ROLL
12 SALES COMPARABLES
13 SALE COMPS MAP
14 SALE COMPS
15 SALE COMPS SUMMARY
16 RENT COMPARABLES
17 RENT COMPS
18 RENT COMPS SUMMARY
19 RENT COMPS MAP
20 DEMOGRAPHICS
3 EXECUTIVE SUMMARY
4 FLOOR PLANS
5 LOCATION INFORMATION
6 REGIONAL MAP
7 AERIAL MAPS
8 FINANCIAL ANALYSIS
9 FINANCIAL SUMMARY
10 INCOME & EXPENSES
11 RENT ROLL
12 SALES COMPARABLES
13 SALE COMPS MAP
14 SALE COMPS
15 SALE COMPS SUMMARY
16 RENT COMPARABLES
17 RENT COMPS
18 RENT COMPS SUMMARY
19 RENT COMPS MAP
20 DEMOGRAPHICS
3 EXECUTIVE SUMMARY
4 FLOOR PLANS
5 LOCATION INFORMATION
6 REGIONAL MAP
7 AERIAL MAPS
8 FINANCIAL ANALYSIS
9 FINANCIAL SUMMARY
10 INCOME & EXPENSES
11 RENT ROLL
12 SALES COMPARABLES
13 SALE COMPS MAP
14 SALE COMPS
15 SALE COMPS SUMMARY
16 RENT COMPARABLES
17 RENT COMPS
18 RENT COMPS SUMMARY
19 RENT COMPS MAP
20 DEMOGRAPHICS
3 EXECUTIVE SUMMARY
4 FLOOR PLANS
5 LOCATION INFORMATION
6 REGIONAL MAP
7 AERIAL MAPS
8 FINANCIAL ANALYSIS
9 FINANCIAL SUMMARY
10 INCOME & EXPENSES
11 RENT ROLL
12 SALES COMPARABLES
13 SALE COMPS MAP
14 SALE COMPS
15 SALE COMPS SUMMARY
16 RENT COMPARABLES
17 RENT COMPS
18 RENT COMPS SUMMARY
19 RENT COMPS MAP
20 DEMOGRAPHICS
3 EXECUTIVE SUMMARY
4 FLOOR PLANS
5 LOCATION INFORMATION
6 REGIONAL MAP
7 AERIAL MAPS
8 FINANCIAL ANALYSIS
9 FINANCIAL SUMMARY
10 INCOME & EXPENSES
11 RENT ROLL
12 SALES COMPARABLES
13 SALE COMPS MAP
14 SALE COMPS
15 SALE COMPS SUMMARY
16 RENT COMPARABLES
17 RENT COMPS
18 RENT COMPS SUMMARY
19 RENT COMPS MAP
20 DEMOGRAPHICS
3 EXECUTIVE SUMMARY
4 FLOOR PLANS
5 LOCATION INFORMATION
6 REGIONAL MAP
7 AERIAL MAPS
8 FINANCIAL ANALYSIS
9 FINANCIAL SUMMARY
10 INCOME & EXPENSES
11 RENT ROLL
12 SALES COMPARABLES
13 SALE COMPS MAP
14 SALE COMPS
15 SALE COMPS SUMMARY
16 RENT COMPARABLES
17 RENT COMPS
18 RENT COMPS SUMMARY
19 RENT COMPS MAP
20 DEMOGRAPHICS
3 EXECUTIVE SUMMARY
4 FLOOR PLANS
5 LOCATION INFORMATION
6 REGIONAL MAP
7 AERIAL MAPS
8 FINANCIAL ANALYSIS
9 FINANCIAL SUMMARY
10 INCOME & EXPENSES
11 RENT ROLL
12 SALES COMPARABLES
13 SALE COMPS MAP
14 SALE COMPS
15 SALE COMPS SUMMARY
16 RENT COMPARABLES
17 RENT COMPS
18 RENT COMPS SUMMARY
19 RENT COMPS MAP
20 DEMOGRAPHICS
3 EXECUTIVE SUMMARY
4 FLOOR PLANS
5 LOCATION INFORMATION
6 REGIONAL MAP
7 AERIAL MAPS
8 FINANCIAL ANALYSIS
9 FINANCIAL SUMMARY
10 INCOME & EXPENSES
11 RENT ROLL
12 SALES COMPARABLES
13 SALE COMPS MAP
14 SALE COMPS
15 SALE COMPS SUMMARY
16 RENT COMPARABLES
17 RENT COMPS
18 RENT COMPS SUMMARY
19 RENT COMPS MAP
20 DEMOGRAPHICS
3 EXECUTIVE SUMMARY
4 FLOOR PLANS
5 LOCATION INFORMATION
6 REGIONAL MAP
7 AERIAL MAPS
8 FINANCIAL ANALYSIS
9 FINANCIAL SUMMARY
10 INCOME & EXPENSES
11 RENT ROLL
12 SALES COMPARABLES
13 SALE COMPS MAP
14 SALE COMPS
15 SALE COMPS SUMMARY
16 RENT COMPARABLES
17 RENT COMPS
18 RENT COMPS SUMMARY
19 RENT COMPS MAP
20 DEMOGRAPHICS
3 EXECUTIVE SUMMARY
4 FLOOR PLANS
5 LOCATION INFORMATION
6 REGIONAL MAP
7 AERIAL MAPS
8 FINANCIAL ANALYSIS
9 FINANCIAL SUMMARY
10 INCOME & EXPENSES
11 RENT ROLL
12 SALES COMPARABLES
13 SALE COMPS MAP
14 SALE COMPS
15 SALE COMPS SUMMARY
16 RENT COMPARABLES
17 RENT COMPS
18 RENT COMPS SUMMARY
19 RENT COMPS MAP
20 DEMOGRAPHICS
3 EXECUTIVE SUMMARY
4 FLOOR PLANS
5 LOCATION INFORMATION
6 REGIONAL MAP
7 AERIAL MAPS
8 FINANCIAL ANALYSIS
9 FINANCIAL SUMMARY
10 INCOME & EXPENSES
11 RENT ROLL
12 SALES COMPARABLES
13 SALE COMPS MAP
14 SALE COMPS
15 SALE COMPS SUMMARY
16 RENT COMPARABLES
17 RENT COMPS
18 RENT COMPS SUMMARY
19 RENT COMPS MAP
20 DEMOGRAPHICS
3 EXECUTIVE SUMMARY
4 FLOOR PLANS
5 LOCATION INFORMATION
6 REGIONAL MAP
7 AERIAL MAPS
8 FINANCIAL ANALYSIS
9 FINANCIAL SUMMARY
10 INCOME & EXPENSES
11 RENT ROLL
12 SALES COMPARABLES
13 SALE COMPS MAP
14 SALE COMPS
15 SALE COMPS SUMMARY
16 RENT COMPARABLES
17 RENT COMPS
18 RENT COMPS SUMMARY
19 RENT COMPS MAP
20 DEMOGRAPHICS
3 EXECUTIVE SUMMARY
4 FLOOR PLANS
5 LOCATION INFORMATION
6 REGIONAL MAP
7 AERIAL MAPS
8 FINANCIAL ANALYSIS
9 FINANCIAL SUMMARY
10 INCOME & EXPENSES
11 RENT ROLL
12 SALES COMPARABLES
13 SALE COMPS MAP
14 SALE COMPS
15 SALE COMPS SUMMARY
16 RENT COMPARABLES
17 RENT COMPS
18 RENT COMPS SUMMARY
19 RENT COMPS MAP
20 DEMOGRAPHICS
3 EXECUTIVE SUMMARY
4 FLOOR PLANS
5 LOCATION INFORMATION
6 REGIONAL MAP
7 AERIAL MAPS
8 FINANCIAL ANALYSIS
9 FINANCIAL SUMMARY
10 INCOME & EXPENSES
11 RENT ROLL
12 SALES COMPARABLES
13 SALE COMPS MAP
14 SALE COMPS
15 SALE COMPS SUMMARY
16 RENT COMPARABLES
17 RENT COMPS
18 RENT COMPS SUMMARY
19 RENT COMPS MAP
20 DEMOGRAPHICS
3 EXECUTIVE SUMMARY
4 FLOOR PLANS
5 LOCATION INFORMATION
6 REGIONAL MAP
7 AERIAL MAPS
8 FINANCIAL ANALYSIS
9 FINANCIAL SUMMARY
10 INCOME & EXPENSES
11 RENT ROLL
12 SALES COMPARABLES
13 SALE COMPS MAP
14 SALE COMPS
15 SALE COMPS SUMMARY
16 RENT COMPARABLES
17 RENT COMPS
18 RENT COMPS SUMMARY
19 RENT COMPS MAP
20 DEMOGRAPHICS
3 EXECUTIVE SUMMARY
4 FLOOR PLANS
5 LOCATION INFORMATION
6 REGIONAL MAP
7 AERIAL MAPS
8 FINANCIAL ANALYSIS
9 FINANCIAL SUMMARY
10 INCOME & EXPENSES
11 RENT ROLL
12 SALES COMPARABLES
13 SALE COMPS MAP
14 SALE COMPS
15 SALE COMPS SUMMARY
16 RENT COMPARABLES
17 RENT COMPS
18 RENT COMPS SUMMARY
19 RENT COMPS MAP
20 DEMOGRAPHICS
3 EXECUTIVE SUMMARY
4 FLOOR PLANS
5 LOCATION INFORMATION
6 REGIONAL MAP
7 AERIAL MAPS
8 FINANCIAL ANALYSIS
9 FINANCIAL SUMMARY
10 INCOME & EXPENSES
11 RENT ROLL
12 SALES COMPARABLES
13 SALE COMPS MAP
14 SALE COMPS
15 SALE COMPS SUMMARY
16 RENT COMPARABLES
17 RENT COMPS
18 RENT COMPS SUMMARY
19 RENT COMPS MAP
20 DEMOGRAPHICS
3 EXECUTIVE SUMMARY
4 FLOOR PLANS
5 LOCATION INFORMATION
6 REGIONAL MAP
7 AERIAL MAPS
8 FINANCIAL ANALYSIS
9 FINANCIAL SUMMARY
10 INCOME & EXPENSES
11 RENT ROLL
12 SALES COMPARABLES
13 SALE COMPS MAP
14 SALE COMPS
15 SALE COMPS SUMMARY
16 RENT COMPARABLES
17 RENT COMPS
18 RENT COMPS SUMMARY
19 RENT COMPS MAP
20 DEMOGRAPHICS
3 EXECUTIVE SUMMARY
4 FLOOR PLANS
5 LOCATION INFORMATION
6 REGIONAL MAP
7 AERIAL MAPS
8 FINANCIAL ANALYSIS
9 FINANCIAL SUMMARY
10 INCOME & EXPENSES
11 RENT ROLL
12 SALES COMPARABLES
13 SALE COMPS MAP
14 SALE COMPS
15 SALE COMPS SUMMARY
16 RENT COMPARABLES
17 RENT COMPS
18 RENT COMPS SUMMARY
19 RENT COMPS MAP
20 DEMOGRAPHICS
21 DEMOGRAPHICS MAP & REPORT
22 ADVISOR BIOS
23 ADVISOR BIO 1
24 ADVISOR BIO 2
21 DEMOGRAPHICS MAP & REPORT
22 ADVISOR BIOS
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24 ADVISOR BIO 2
21 DEMOGRAPHICS MAP & REPORT
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21 DEMOGRAPHICS MAP & REPORT
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21 DEMOGRAPHICS MAP & REPORT
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21 DEMOGRAPHICS MAP & REPORT
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Confidentiality & Disclaimer ContentsAll materials and information received or derived from 33 Realty, LLC its directors, officers, agents,advisors, affiliates and/or any third party sources are provided without representation or warranty asto completeness , veracity, or accuracy, condition of the property, compliance or lack of compliancewith applicable governmental requirements, developability or suitability, financial performance of theproperty, projected financial performance of the property for any party’s intended use or any and allother matters.
Neither 33 Realty, LLC its directors, officers, agents, advisors, or affiliates makes any representation orwarranty, express or implied, as to accuracy or completeness of the any materials or informationprovided, derived, or received. Materials and information from any source, whether written or verbal,that may be furnished for review are not a substitute for a party’s active conduct of its own duediligence to determine these and other matters of significance to such party. 33 Realty, LLC will notinvestigate or verify any such matters or conduct due diligence for a party unless otherwise agreed inwriting.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify allinformation and to conduct their own inspections and investigations including through appropriatethird party independent professionals selected by such party. All financial data should be verified bythe party including by obtaining and reading applicable documents and reports and consultingappropriate independent professionals. 33 Realty, LLC makes no warranties and/or representationsregarding the veracity, completeness, or relevance of any financial data or assumptions. 33 Realty, LLCdoes not serve as a financial advisor to any party regarding any proposed transaction. All data andassumptions regarding financial performance, including that used for financial modeling purposes,may differ from actual data or performance. Any estimates of market rents and/or projected rentsthat may be provided to a party do not necessarily mean that rents can be established at or increasedto that level. Parties must evaluate any applicable contractual and governmental limitations as well asmarket conditions,vacancy factors and other issues in order to determine rents from or for theproperty.
Legal questions should be discussed by the party with an attorney. Tax questions should bediscussed by the party with a certified public accountant or tax attorney. Title questions should bediscussed by the party with a title officer or attorney. Questions regarding the condition of theproperty and whether the property complies with applicable governmental requirements should bediscussed by the party with appropriate engineers, architects, contractors, other consultants andgovernmental agencies. All properties and services are marketed by 33 Realty, LLC in compliance withall applicable fair housing and equal opportunity laws.
42-58 E. 26TH STREET42-58 E. 26TH STREET , CHICAGO, IL
TABLE OF CONTENTS
Page 3MORE INFORMATION AVAILABLE ONLINE:
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33 Realty as exclusive agent, is pleased to offer the opportunity to purchase 26th & Wabash, aground-floor, multi-tenant retail property located between the South Loop and Bronzeville. The propertyfeatures five tenant units, three of which are currently leased. Two of the units are long term (withexpirations in 2026 and 2029) providing reliable cash flow to the property in approximately 52% of thespace. The corner unit features a brand new 10 year lease with Salon Sevhn.
The property is located in the Douglas community (commonly known as Bronzeville) which is an area thatstretches from 26th Street South to Pershing Road along the Lake Shore and Burnham Park. Bronzevilleis just 2.5 miles south of the Loop and has easy access to Lake Shore Drive, I-55, and I-90/94. TheMcCormick Place Convention Center is only 1/2 of a mile away. The neighborhood is also home to theIllinois Institute of Technology, which is famous for its engineering and architecture programs. TheVanderCook College of Music and the Illinois College of Optometry are also found in Bronzeville.
A significant benefit of this site for Investors is that can participate in the Opportunity Zone receive taxbenefits. The new Opportunity Zone program encourages private investment in low-income communitiesby offering tax incentives for qualified investors. Investors can defer tax on any prior capital gainsinvested in a property located in an Opportunity Zone.
VALUE-ADD OPPORTUNITYOnly one tenant has a single five-year option, allowing the next investor the opportunity to capturemarket rent. Several tenants have signed leases at $30-$35 PSF range. Recent development in thisneighborhood will drive further appreciation in market values.
BUILDING EXPENSES SHARED WITH RESIDENTIAL CONDO ASSOCIATIONAlthough the property is not part of the 42 residential unit association it does benefit from theassociation maintaining the building's roof, facade, and windows. The commercial units are required topay insurance and 8% of the building water bill.
42-58 E. 26TH ST.EXECUTIVE SUMMARY
PROPERTY SUMMARY
EXECUTIVE SUMMARY
Sale Price: $700,000
Current Cap Rate: 5.69%
Pro-Forma Cap Rate: 12.62%
Property Size: 8,694 SF
Number Of Retail Units: 5
Zoning: C1-5
Tax ID Number: 17-27-123-025-0000
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Property for sale highlighted with 5 retail spaces included. Two of the units have been combined.
42-58 E. 26TH STREET42-58 E. 26TH STREET , CHICAGO, IL
FLOOR PLANS
A Retail Investment Offering
42-58 E. 26TH ST., CHICAGO, IL 60616
INVESTMENT [email protected]
DHERECK [email protected]
CHET KONDAS
PRESENTED BY:
This information is given without representation or warranty. It should be verified independently and is subject tochange, correction, prior sale, lease or withdrawal without notice.
1. LOCAT ION INFORMATION
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Chicago, IL
42-58 E. 26TH STREETSECTION 1. LOCATION INFORMATION
Page 7MORE INFORMATION AVAILABLE ONLINE:
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42-58 E. 26TH STREET42-58 E. 26TH STREET , CHICAGO, IL
SECTION 1. LOCATION INFORMATION
A Retail Investment Offering
42-58 E. 26TH ST., CHICAGO, IL 60616
INVESTMENT [email protected]
DHERECK [email protected]
CHET KONDAS
PRESENTED BY:
This information is given without representation or warranty. It should be verified independently and is subject tochange, correction, prior sale, lease or withdrawal without notice.
2. F INANCIAL ANALYS IS
Page 9MORE INFORMATION AVAILABLE ONLINE:
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INVESTMENT OVERVIEW CURRENT FINANCIALS PRO-FORMA FINANCIALS
Price $700,000 $700,000
Price per SF $80.52 $80.52
CAP Rate 5.69% 12.62%
Cash-on-Cash Return (yr 1) 10.02% 37.74%
Total Return (yr 1) $17,541 $66,051
Debt Coverage Ratio 1.79 3.96
OPERATING DATA CURRENT FINANCIALS PRO-FORMA FINANCIALS
Total Scheduled Income $73,360 $165,323
Vacancy Cost (-) ($16,400)
Gross Income $73,360 $148,923
Operating Expenses $33,506 $60,559
Net Operating Income $39,854 $88,364
Pre-Tax Cash Flow $17,541 $66,051
FINANCING DATA CURRENT FINANCIALS PRO-FORMA FINANCIALS
Down Payment $175,000 $175,000
Loan Amount $525,000 $525,000
Debt Service $22,313 $22,313
Debt Service Monthly $1,859 $1,859
Principal Reduction (yr 1) $0 $0
42-58 E. 26TH STREET42-58 E. 26TH STREET , CHICAGO, IL
SECTION 1. FINANCIAL ANALYSIS
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INCOME SUMMARY CURRENT FINANCIALS PER SF PRO-FORMA FINANCIALS PER SF
42-44 E. 26th St. - Salon Sevhn $23,995 $2.76 $49,944 $5.74
46 E. 26th St. - Bronzeville Business Center $24,886 $2.86 $24,900 $2.86
48 E. 26th St. - Yoga Studio $24,479 $2.82 $24,479 $2.82
52-54 E. 26th St. - Vacant Space (raw space) $0 $0.00 $24,000 $2.76
56-58 E. 26th St. - Vacant (office space) $0 $0.00 $42,000 $4.83
TOTAL INCOME $73,360 $8.44 $165,323 $19.02
EXPENSE SUMMARY CURRENT FINANCIALS PER SF PRO-FORMA FINANCIALS PER SF
Taxes $20,859 $2.40 $20,859 $2.40
Insurance $1,228 $0.14 $1,500 $0.17
Electric $668 $0.08 $900 $0.10
Water $0 $0.00 $1,600 $0.18
Snow Removal $1,557 $0.18 $2,000 $0.23
Repairs & Maintenance $5,045 $0.58 $9,000 $1.04
Management Fee $3,668 $0.42 $7,500 $0.86
Supplies $481 $0.06 $1,200 $0.14
Leasing Commissions / Marketing $0 $0.00 $16,000 $1.84
OPERATING EXPENSES $33,506 $3.85 $60,559 $6.97
NET OPERATING INCOME $39,854 $4.58 $88,364 $10.16
42-58 E. 26TH STREET42-58 E. 26TH STREET , CHICAGO, IL
SECTION 1. FINANCIAL ANALYSIS
Both the salon and yoga studio received a reduction in rent due to the Covid-19 pandemic and state mandate for these businesses to close. Effective 9/1/20, the yoga studio has resumedthe rent as per the lease. The salon will resume full rent payment on January 1, 2021.
42-58 E. 26TH STREET42-58 E. 26TH STREET , CHICAGO, IL
SECTION 1. FINANCIAL ANALYSIS
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TENANTNAME
UNITNUMBER
UNITSIZE (SF)
LEASESTART
LEASEEND
CURRENT ANNUALRENT
% OFGLA
PRICEPER SF/YR
Salon Sevhn 42 - 44 E. 26th St. 2,390 6/1/19 5/31/29 $23,996 27.49 $10.04
Bronzeville Business Center 46 E. 26th St. 959 8/1/20 7/31/25 $24,886 11.03 $25.95
Yoga Studio 48 E. 26th St. 954 10/1/18 9/31/21 $24,480 10.97 $25.66
Vacant (unfinished space) 52-54 E. 26th St. 1,996 $0 22.96 $0.00
Vacant (office space) 56-58 E. 26th St. 2,395 $0 27.55 $0.00
Totals/Averages 8,694 $73,362 $8.44
A Retail Investment Offering
42-58 E. 26TH ST., CHICAGO, IL 60616
INVESTMENT [email protected]
DHERECK [email protected]
CHET KONDAS
PRESENTED BY:
This information is given without representation or warranty. It should be verified independently and is subject tochange, correction, prior sale, lease or withdrawal without notice.
3. SALES COMPARABLES
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42-58 E. 26TH STREET42-58 E. 26TH STREET , CHICAGO, IL
SECTION 1. SALES COMPARABLES
42-58 E. 26th Street | Chicago, IL 60616SUBJECT PROPERTY
1
3957 S. King DriveChicago, IL 60653
2
2820 S. Wentworth Ave.Chicago, IL 60616
3
946 E 43rd StChicago, IL 60653
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SUBJECT PROPERTY42-58 E. 26th Street | Chicago, IL 60616
$700,000Sale Price:
0 ACLot Size:
8,694 SFBuilding SF:
$80.52Price PSF:
5.69%Cap:
$39,854NOI:
3957 S. KING DRIVE3957 S. King Drive | Chicago, IL 60653
$265,000Sale Price:
0 ACLot Size:
1,750 SFBuilding SF:
$151.43Price PSF:
03/07/2020Closed:
1
Retail commercial condo (1 unit) located on busy street.
2820 S. WENTWORTH AVE.2820 S. Wentworth Ave. | Chicago, IL 60616
$763,000Sale Price:
0 ACLot Size:
5,570 SFBuilding SF:
$136.98Price PSF:
04/12/2018Closed:
2
First floor commercial condo that is part of a mixed use building with 2 apartments above andowned separtely.
946 E 43RD ST946 E 43rd St | Chicago, IL 60653
$279,000Sale Price:
0 ACLot Size:
2007Year Built:
2,500 SFBuilding SF:
$111.60Price PSF:
09/21/2018Closed:
0.0%Occupancy:
3
2,500 SF Divisible - Corner Commercial Space w/ great exposure & visibility.
42-58 E. 26TH STREET42-58 E. 26TH STREET , CHICAGO, IL
SECTION 1. SALES COMPARABLES
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SUBJECT PROPERTY PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE
42-58 E. 26th Street42-58 E. 26th StreetChicago, IL 60616
$700,000 8,694 SF $80.52 5.69% 5 N/A
SALE COMPS PRICE BLDG SF PRICE/SF CAP # OF UNITS CLOSE
1 3957 S. King DriveChicago, IL 60653
$265,000 1,750 SF $151.43 N/A 1 03/07/2020
2 2820 S. Wentworth Ave.Chicago, IL 60616
$763,000 5,570 SF $136.98 N/A 2 04/12/2018
3 946 E 43rd StChicago, IL 60653
$279,000 2,500 SF $111.60 N/A 1 09/21/2018
TOTALS/AVERAGES PRICE BLDG SF PRICE/SF CAP # OF UNITS
$435,667 3,273 SF $133.11 N/A 1.33
42-58 E. 26TH STREET42-58 E. 26TH STREET , CHICAGO, IL
SECTION 1. SALES COMPARABLES
A Retail Investment Offering
42-58 E. 26TH ST., CHICAGO, IL 60616
INVESTMENT [email protected]
DHERECK [email protected]
CHET KONDAS
PRESENTED BY:
This information is given without representation or warranty. It should be verified independently and is subject tochange, correction, prior sale, lease or withdrawal without notice.
4. RENT COMPARABLES
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33realty.com
SUBJECT PROPERTY 42-58 E. 26th Street | Chicago, IL 60616
N/ALease Rate:
0 SFSpace Size:
219 E. 31st | Chicago, IL 60616
$24.00 SF/YRLease Rate:
GrossLease Type:
800 SFSpace Size:
2007Year Built:
800 SFBldg Size:
12 monthsLease Term:
1
Open space with bathroom and Storage, plenty of street parking. Easy access to 90/94 & LakeShore Drive. Near IIT, US Cellular Field, Mc Cormick Place.
3440 S. Morgan St. | Chicago, IL 60608
$18.55 SF/YRLease Rate:
GrossLease Type:
1,100 SFSpace Size:
2013Year Built:
1,100 SFBldg Size:
2
Newly rehabbed store front in brick, 4 unit building. Advertising on the side of the buildingavailable.
3621 S. State St. | Chicago, IL 60609
$18.00 SF/YRLease Rate:
MGLease Type:
12,200 SFSpace Size:
72 monthsLease Term:
3
Loft office space.
42-58 E. 26TH STREET42-58 E. 26TH STREET , CHICAGO, IL
SECTION 1. RENT COMPARABLES
Page 18MORE INFORMATION AVAILABLE ONLINE:
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SUBJECT PROPERTY PRICE/SF/YEAR AVAILABLE SF BLDG SF # OF UNITS
42-58 E. 26th Street42-58 E. 26th StreetChicago, IL 60616
N/A 0 SF 8,694 SF 5
RENT COMPS PRICE/SF/YEAR AVAILABLE SF BLDG SF # OF UNITS
1 219 E. 31stChicago, IL 60616
$24.00 800 SF 800 SF -
2 3440 S. Morgan St.Chicago, IL 60608
$18.55 1,100 SF 1,100 SF -
3 3621 S. State St.Chicago, IL 60609
$18.00 12,200 SF - 1
PRICE/SF/YEAR AVAILABLE SF BLDG SF # OF UNITS
TOTALS/AVERAGES $20.18 4,700 SF 950 SF 1
42-58 E. 26TH STREET42-58 E. 26TH STREET , CHICAGO, IL
SECTION 1. RENT COMPARABLES
Page 19MORE INFORMATION AVAILABLE ONLINE:
33realty.com
42-58 E. 26th Street | Chicago, IL 60616SUBJECT PROPERTY
1 219 E. 31stChicago, IL 60616
2 3440 S. Morgan St.Chicago, IL 60608
3 3621 S. State St.Chicago, IL 60609
42-58 E. 26TH STREET42-58 E. 26TH STREET , CHICAGO, IL
SECTION 1. RENT COMPARABLES
A Retail Investment Offering
42-58 E. 26TH ST., CHICAGO, IL 60616
INVESTMENT [email protected]
DHERECK [email protected]
CHET KONDAS
PRESENTED BY:
This information is given without representation or warranty. It should be verified independently and is subject tochange, correction, prior sale, lease or withdrawal without notice.
5. DEMOGRAPHICS
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33realty.com
POPULATION 0.25 MILES 0.5 MILES 1 MILE
Total Population 1,039 5,395 33,815
Average age 38.0 37.9 37.1
Average age (Male) 35.4 36.1 35.4
Average age (Female) 39.2 39.0 38.2
HOUSEHOLDS & INCOME 0.25 MILES 0.5 MILES 1 MILE
Total households 548 2,506 14,113
# of persons per HH 1.9 2.2 2.4
Average HH income $51,728 $49,183 $64,045
Average house value $213,009 $222,450 $376,098
* Demographic data derived from 2010 US Census
42-58 E. 26TH STREET42-58 E. 26TH STREET , CHICAGO, IL
SECTION 1. DEMOGRAPHICS
A Retail Investment Offering
42-58 E. 26TH ST., CHICAGO, IL 60616
INVESTMENT [email protected]
DHERECK [email protected]
CHET KONDAS
PRESENTED BY:
This information is given without representation or warranty. It should be verified independently and is subject tochange, correction, prior sale, lease or withdrawal without notice.
6. ADVISOR B IOS
Page 23MORE INFORMATION AVAILABLE ONLINE:
33realty.com
DHERECK GOMEZ
Investment Broker
[email protected]: 773.587.4304
PROFESSIONAL BACKGROUNDDhereck has 10+ years of experience in the real estate business, joined 33 Realty's commercial investment group in 2016 after working in the sales and leasing departments at33 Realty and other agencies. Dhereck is a true Chicagoan, his work ethic, knowledge of the city, and bilingualism makes him a superb real estate broker. In the last 2 years,with the goal to expand his career has focused on investment brokerage. His initiative, integrity, and tactfulness allow his clients to achieve or exceed their expectations. Onething that sets Dhereck apart from other brokers is his ability to source off-market properties; additionally, this allows his investors expansion of their portfolios withoutcompetition. Dhereck’s attitude and professional relationships will enable 33 Realty to make a permanent presence in the investment industry. Since 2018 Dhereck has closeda total $10M in deals where he sourced and sold the buildings off-market.
EDUCATIONCarthage College, Business AdministrationGordon Tech High School
MEMBERSHIPSLicensed Real Estate Broker
42-58 E. 26TH STREET42-58 E. 26TH STREET , CHICAGO, IL
SECTION 1. ADVISOR BIOS
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CHET KONDAS
Director
[email protected]: 773.360.6406 | Cell: 312.927.5070
PROFESSIONAL BACKGROUNDChet Kondas has concentrated on commercial real estate brokerage including land for redevelopment, apartment buildings, mixed use, and office. He has closed a number oftransactions totaling over $40 million in the last two years.
Before becoming a commercial broker, he had been involved in real estate financing and development projects both in Chicago and Northern Indiana. Before moving into realestate, Chet worked in media and telecom in sales and marketing roles. After completing graduate school, he began his career in management consulting at Accenture. Aftercollege, he served 5 years in the Marines as an artillery officer.
EDUCATIONNorthwestern University, B. A., International Relations and Naval ScienceUniversity of Illinois at Urbana-Champaign, MBA | Marketing and Strategic Management
MEMBERSHIPSChicago Area RealtorsIllinois Association of RealtorsNational Association of RealtorsEdgewater Uptown Builders Association
42-58 E. 26TH STREET42-58 E. 26TH STREET , CHICAGO, IL
SECTION 1. ADVISOR BIOS