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Multifamily

1461 West Fry Street

1461 W Fry St, Chicago, IL 60642

Listing Price: $1,790,000

Cap Rate
5.52%
Number of Units
7
Occupancy
97.0%
Price/Unit
$255,714
Price/Gross SF
$380.85
Gross SF
4,700

Investment Overview

Marcus & Millichap is pleased to present 1461 West Fry Street, located in the West Town neighborhood of Chicago, Illinois. The subject property consists of seven renovated apartments with high-end finishes including granite countertops, stainless steel appliances, hardwood floors throughout, and high ceilings. The units are an excellent mix of one, two and three-bedrooms which feature unique open floor plans. The three-bedroom unit features in-unit laundry and has private access to the two-car garage in rear. The subject property is a four-minute walk to Chicago Transit Authority’s (CTA) 66, 9 and X9 bus stops, and a 11-minute walk to CTA’s Chicago Blue Line train stop. The property is also within a block of I-90 giving tenants multiple easy commute options. West Town is filled with galleries and museums, independent theatres, and retail boutiques. Chicagoans are drawn to the area due to the relaxed atmosphere that does not lack things to do. There are small music venues, independent coffee shops, and landmark homes and churches. The neighborhood borders the Ukrainian Village and East Village.

Investment Highlights

  • Excellent West Town Neighborhood Location
  • Strong In-Place Cash Flow with Significant Rent Growth Potential
  • All Units Renovated in 2018 with Finishes Including Stainless Steel Appliances and Granite Countertops
  • Unique Open Floor Plans with Vaulted Ceilings
  • Updated Plumbing and Electric
  • Ideally Located within Walking Distance to Division Street and Chicago Avenue

Exclusively Listed By

Financing By

Multifamily

1461 West Fry Street

Listing Price: $1,790,000

Cap Rate
5.52%
Number of Units
7
Occupancy
97.0%
Price/Unit
$255,714
Price/Gross SF
$380.85
Gross SF
4,700

Investment Highlights

  • Excellent West Town Neighborhood Location
  • Strong In-Place Cash Flow with Significant Rent Growth Potential
  • All Units Renovated in 2018 with Finishes Including Stainless Steel Appliances and Granite Countertops
  • Unique Open Floor Plans with Vaulted Ceilings
  • Updated Plumbing and Electric
  • Ideally Located within Walking Distance to Division Street and Chicago Avenue

Investment Overview

Marcus & Millichap is pleased to present 1461 West Fry Street, located in the West Town neighborhood of Chicago, Illinois. The subject property consists of seven renovated apartments with high-end finishes including granite countertops, stainless steel appliances, hardwood floors throughout, and high ceilings. The units are an excellent mix of one, two and three-bedrooms which feature unique open floor plans. The three-bedroom unit features in-unit laundry and has private access to the two-car garage in rear. The subject property is a four-minute walk to Chicago Transit Authority’s (CTA) 66, 9 and X9 bus stops, and a 11-minute walk to CTA’s Chicago Blue Line train stop. The property is also within a block of I-90 giving tenants multiple easy commute options. West Town is filled with galleries and museums, independent theatres, and retail boutiques. Chicagoans are drawn to the area due to the relaxed atmosphere that does not lack things to do. There are small music venues, independent coffee shops, and landmark homes and churches. The neighborhood borders the Ukrainian Village and East Village.

Exclusively Listed By

Financing By

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