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Multifamily

1900-1912 West Pratt Boulevard

1900 W Pratt Blvd, Chicago, IL 60626

Listing Price: $8,500,000

Cap Rate
4.78%
Number of Units
59
GRM
12.31
Occupancy
94.2%
Price/Unit
$144,068
Price/Gross SF
$196.48
Gross SF
43,262

Investment Overview

Marcus & Millichap is pleased to present this 59-unit apartment building, built in 1932, located at 1900-1912 West Pratt Boulevard in the Rogers Park neighborhood of Chicago, Illinois. Situated approximately 13 miles north of the downtown Chicago Loop, the property has convenient access to Lake Shore Drive. Public transportation is readily available at the Rogers Park Metra station, which is within one-half mile of the property, and the CTA Morse and Loyola Subway stations are within one mile of the property. The property is served by CTA and PACE for transportation by bus along Touhy Avenue. CTA bus stops are also conveniently located along Pratt Boulevard and North Ridge Boulevard, just footsteps from the subject property. For domestic and international travel purposes, O'Hare International Airport is approximately 13 miles southwest of the asset.

The unit mix is comprised of nine studio units, 48 one-bedroom / one-bathroom units, one two-bedroom / one-bathroom unit and one three-bedroom/ two-bathroom unit. The units measure between approximately 500 and 900 square feet, respectively. The asset is a four-story brick building and features on-site laundry facilities.

The property is positioned on Pratt Boulevard, between North Clark Street and North Ridge Boulevard, two major north-south thoroughfares. The property is also directly between West Touhy and West Devon avenues, two major east-west thoroughfares. Loyola University, North Park University, and Northwestern University are each within five miles of the asset. Downtown Evanston is approximately three miles north of the asset. Rogers Park is both Chicago's northernmost neighborhood and one of its most diverse neighborhoods, offering a strong concentration of retail shops and restaurants that reflect more than a dozen distinct ethnic cultures and 13 easily accessible beaches and lakefront parks.

Investment Highlights

  • Good Unit Mix (9 Studio, 48 One-Bedroom, One Two-Bedroom and One Three-Bedroom Units)
  • On-Site Laundry Facility
  • Near Rogers Park Metra Station
  • Steps to CTA Bus Stops Along Pratt Boulevard
  • Close to Dining and Retail Options Along West Touhy Avenue
  • Near Loyola University, North Park University and Northwestern University

Exclusively Listed By

Multifamily

1900-1912 West Pratt Boulevard

Listing Price: $8,500,000

Cap Rate
4.78%
Number of Units
59
GRM
12.31
Occupancy
94.2%
Price/Unit
$144,068
Price/Gross SF
$196.48
Gross SF
43,262

Investment Highlights

  • Good Unit Mix (9 Studio, 48 One-Bedroom, One Two-Bedroom and One Three-Bedroom Units)
  • On-Site Laundry Facility
  • Near Rogers Park Metra Station
  • Steps to CTA Bus Stops Along Pratt Boulevard
  • Close to Dining and Retail Options Along West Touhy Avenue
  • Near Loyola University, North Park University and Northwestern University

Investment Overview

Marcus & Millichap is pleased to present this 59-unit apartment building, built in 1932, located at 1900-1912 West Pratt Boulevard in the Rogers Park neighborhood of Chicago, Illinois. Situated approximately 13 miles north of the downtown Chicago Loop, the property has convenient access to Lake Shore Drive. Public transportation is readily available at the Rogers Park Metra station, which is within one-half mile of the property, and the CTA Morse and Loyola Subway stations are within one mile of the property. The property is served by CTA and PACE for transportation by bus along Touhy Avenue. CTA bus stops are also conveniently located along Pratt Boulevard and North Ridge Boulevard, just footsteps from the subject property. For domestic and international travel purposes, O'Hare International Airport is approximately 13 miles southwest of the asset.

The unit mix is comprised of nine studio units, 48 one-bedroom / one-bathroom units, one two-bedroom / one-bathroom unit and one three-bedroom/ two-bathroom unit. The units measure between approximately 500 and 900 square feet, respectively. The asset is a four-story brick building and features on-site laundry facilities.

The property is positioned on Pratt Boulevard, between North Clark Street and North Ridge Boulevard, two major north-south thoroughfares. The property is also directly between West Touhy and West Devon avenues, two major east-west thoroughfares. Loyola University, North Park University, and Northwestern University are each within five miles of the asset. Downtown Evanston is approximately three miles north of the asset. Rogers Park is both Chicago's northernmost neighborhood and one of its most diverse neighborhoods, offering a strong concentration of retail shops and restaurants that reflect more than a dozen distinct ethnic cultures and 13 easily accessible beaches and lakefront parks.

Exclusively Listed By

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