a retail investment offering 42-58 e. 26th st., chicago ......a retail investment offering 42-58 e....

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A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO, IL 60616 INVESTMENT BROKER 773.587.4304 [email protected] DHERECK GOMEZ DIRECTOR 773.360.6406 [email protected] CHET KONDAS PRESENTED BY:

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Page 1: A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO ......A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO, IL 60616 INVESTMENT BROKER 773.587.4304 dhereck.gomez@33realty.com

A Retail Investment Offering

42-58 E. 26TH ST., CHICAGO, IL 60616

INVESTMENT [email protected]

DHERECKGOMEZ

[email protected]

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 2: A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO ......A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO, IL 60616 INVESTMENT BROKER 773.587.4304 dhereck.gomez@33realty.com

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

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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 3: A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO ......A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO, IL 60616 INVESTMENT BROKER 773.587.4304 dhereck.gomez@33realty.com

Page 3MORE INFORMATION AVAILABLE ONLINE:

33realty.com

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

Page 4: A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO ......A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO, IL 60616 INVESTMENT BROKER 773.587.4304 dhereck.gomez@33realty.com

Page 4MORE INFORMATION AVAILABLE ONLINE:

33realty.com

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

Page 5: A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO ......A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO, IL 60616 INVESTMENT BROKER 773.587.4304 dhereck.gomez@33realty.com

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

Page 6: A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO ......A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO, IL 60616 INVESTMENT BROKER 773.587.4304 dhereck.gomez@33realty.com

Page 6MORE INFORMATION AVAILABLE ONLINE:

33realty.com

Chicago, IL

42-58 E. 26TH STREETSECTION 1. LOCATION INFORMATION

Page 7: A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO ......A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO, IL 60616 INVESTMENT BROKER 773.587.4304 dhereck.gomez@33realty.com

Page 7MORE INFORMATION AVAILABLE ONLINE:

33realty.com

42-58 E. 26TH STREET42-58 E. 26TH STREET , CHICAGO, IL

SECTION 1. LOCATION INFORMATION

Page 8: A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO ......A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO, IL 60616 INVESTMENT BROKER 773.587.4304 dhereck.gomez@33realty.com

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 9: A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO ......A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO, IL 60616 INVESTMENT BROKER 773.587.4304 dhereck.gomez@33realty.com

Page 9MORE INFORMATION AVAILABLE ONLINE:

33realty.com

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

Page 10: A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO ......A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO, IL 60616 INVESTMENT BROKER 773.587.4304 dhereck.gomez@33realty.com

Page 10MORE INFORMATION AVAILABLE ONLINE:

33realty.com

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.

Page 11: A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO ......A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO, IL 60616 INVESTMENT BROKER 773.587.4304 dhereck.gomez@33realty.com

42-58 E. 26TH STREET42-58 E. 26TH STREET , CHICAGO, IL

SECTION 1. FINANCIAL ANALYSIS

Page 11MORE INFORMATION AVAILABLE ONLINE:

33realty.com

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

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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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Page 13MORE INFORMATION AVAILABLE ONLINE:

33realty.com

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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Page 14MORE INFORMATION AVAILABLE ONLINE:

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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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Page 15MORE INFORMATION AVAILABLE ONLINE:

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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

Page 16: A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO ......A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO, IL 60616 INVESTMENT BROKER 773.587.4304 dhereck.gomez@33realty.com

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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Page 17MORE INFORMATION AVAILABLE ONLINE:

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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

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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

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Page 19MORE INFORMATION AVAILABLE ONLINE:

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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

Page 20: A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO ......A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO, IL 60616 INVESTMENT BROKER 773.587.4304 dhereck.gomez@33realty.com

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

Page 21: A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO ......A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO, IL 60616 INVESTMENT BROKER 773.587.4304 dhereck.gomez@33realty.com

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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

Page 22: A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO ......A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO, IL 60616 INVESTMENT BROKER 773.587.4304 dhereck.gomez@33realty.com

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 23: A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO ......A Retail Investment Offering 42-58 E. 26TH ST., CHICAGO, IL 60616 INVESTMENT BROKER 773.587.4304 dhereck.gomez@33realty.com

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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