75 UNIT SRO + 6,125 SF LOT

Transcription

1 75 UNIT SRO + 6,125 SF LOT 3001 W. JACKSON BOULEVARD CHICAGO, IL SVN Chicago Commercial 940 West Adams Street, Suite 200, Chicago, IL OFFERING MEMORANDUM

2 PROPERTY INFORMATION 3 Executive Summary Property Details Additional Photos Additional Photos LOCATION INFORMATION 8 Location Overview Regional Map Location Maps Site Plan Zoning Map Retailer Map Advisor Bio & Contact SVN Chicago Commercial 940 West Adams Street, Suite 200, Chicago, IL OFFERING MEMORANDUM

3 FOR SALE MULTIFAMILY JR PLAZA HOTEL LL 3001 W. Jackson Boulevard Chicago, IL PROPERTY INFORMATION 1 PROPERTY INFORMATION 3001 W. Jackson Boulevard Chicago, IL UNIT SRO + 6,125 SF LOT 3001 W. JACKSON BOULEVARD CHICAGO, IL SVN Chicago Commercial Page 3 All SVN Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

4 Executive Summary OFFERING SUMMARY Sale Price: $2,799,000 Number Of Units: 75 Cap Rate: 21.46% NOI: $600,614 Lot Size: 0.14 Acres Year Built: 1926 Building Size: 13,400 Zoning: B2-1 Price / SF: $ PROPERTY OVERVIEWVIEW This 75 Unit SRO includes a commercial kitchen with brand new appliances plus a 6,125 SF vacant lot across the street! Capital improvements just completed include new plumbing, electric, windows, lighting fixtures, showers, toilets, and flooring (tile and carpet). The building also includes a laundry room, elevator, and front lobby with a separate area for 24 hour building attendants. LOCATION OVERVIEWVIEW This property is ideally located on the corner of Sacramento and Jackson in the East Garfield Park neighborhood. Located only a mile from the United Center and one block from the Eisenhower Expressway makes getting downtown less than a ten minute drive. PROPERTY HIGHLIGHTS 75 generous size rooms with private bathrooms Complete gut rehab, including plumbing and electric 6,125 SF vacant lot included with the property Elevator and laundry room in the building SRO II License 75 UNIT SRO + 6,125 SF LOT 3001 W. JACKSON BOULEVARD CHICAGO, IL SVN Chicago Commercial Page 4

5 Property Details SALE PRICE $2,799,000 LOCATION INFORMATION Building Name 75 Unit SRO + 6,125 SF Lot Street Address 3001 W. Jackson Boulevard City, State, Zip Chicago, IL County/Township Cook PROPERTY DETAILS Property Type Multifamily Property Subtype Mid-Rise Zoning B2-1 Lot Size 6,250 SF APN# Vacant Lot 3000 W. Jackson Sq. Ft. Vacant Lot 3002 W. Jackson - 3,000 Sq. Ft. BUILDING INFORMATION Building Size 13,400 SF Number Of Floors 4 Year Built UNIT SRO + 6,125 SF LOT 3001 W. JACKSON BOULEVARD CHICAGO, IL SVN Chicago Commercial Page 5

6 Additional Photos 75 UNIT SRO + 6,125 SF LOT 3001 W. JACKSON BOULEVARD CHICAGO, IL SVN Chicago Commercial Page 6

7 Additional Photos 75 UNIT SRO + 6,125 SF LOT 3001 W. JACKSON BOULEVARD CHICAGO, IL SVN Chicago Commercial Page 7

8 FOR SALE MULTIFAMILY JR PLAZA HOTEL LL 3001 W. Jackson Boulevard Chicago, IL LOCATION INFORMATION 2 LOCATION INFORMATION 3001 W. Jackson Boulevard Chicago, IL UNIT SRO + 6,125 SF LOT 3001 W. JACKSON BOULEVARD CHICAGO, IL SVN Chicago Commercial Page 8 All SVN Offices Independently Owned and Operated The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

9 Location Overview LOCATION OVERVIEWVIEW This property is ideally located on the corner of Sacramento and Jackson in the East Garfield Park neighborhood. Located only a mile from the United Center and one block from the Eisenhower Expressway makes getting downtown less than a ten minute drive. GARFIELD PARK Located in the East Garfield Park Community, Garfield Park totals acres and features the historic Golden Dome field house. The field house holds a gymnasium, auditorium, dance studio, fitness center, boxing center, grand ballroom and meeting rooms.outside, the park offers a swimming pool, baseball fields, athletic fields for football or soccer, a fishing lagoon, tennis courts, floral gardens and playgrounds that were recently renovated as part of Mayor Emanuel s Chicago Plays! Program. The park also offers an artifical turf where children can play in Owls LaCrosse teams and other park district and community programs. Garfield Park sits adjacent to the Garfield Park Conservatory, a popular destination for special events, educational field trips and flower shows. GARFIELD PARK CONSERVATORY The Garfield Park Conservatory is one of the largest and most stunning conservatories in the nation. Often referred to as "landscape art under glass," the conservatory occupies approximately two acres inside, where thousands of plant species are on display throughout eight rooms in this magnificent facility. Travel through the conservatory and experience the lush flora and tropical temperatures taking you away from the hustle and bustle of Chicago. Don t forget to visit the 12 acres of stunning outdoor gardens during the summer! 75 UNIT SRO + 6,125 SF LOT 3001 W. JACKSON BOULEVARD CHICAGO, IL SVN Chicago Commercial Page 9

10 Regional Map 75 Unit SRO + 6,125 SF Lot 75 UNIT SRO + 6,125 SF LOT 3001 W. JACKSON BOULEVARD CHICAGO, IL SVN Chicago Commercial Page 10

11 Location Maps 75 UNIT SRO + 6,125 SF LOT 3001 W. JACKSON BOULEVARD CHICAGO, IL SVN Chicago Commercial Page 11

12 Site Plan LOCATION DESCRIPTION 3001 W. Jackson Boulevard ,250 Sq. Ft. Building 3000 W. Jackson Boulevard ,125 Sq. Ft. Vacant Lot 3002 W. Jackson Boulevard ,000 Sq. Ft. Vacant Lot 75 UNIT SRO + 6,125 SF LOT 3001 W. JACKSON BOULEVARD CHICAGO, IL SVN Chicago Commercial Page 12

13 Zoning Map 75 UNIT SRO + 6,125 SF LOT 3001 W. JACKSON BOULEVARD CHICAGO, IL SVN Chicago Commercial Page 13

14 Retailer Map 75 UNIT SRO + 6,125 SF LOT 3001 W. JACKSON BOULEVARD CHICAGO, IL SVN Chicago Commercial Page 14

15 Advisor Bio & Contact DAWN OVERSTREET,, PH.D. Assistant Vice President PROFESSIONAL BACKGROUND Dawn Overstreet, Ph.D. serves as Assistant Vice President for SVN Chicago Commercial, specializing in multi-family apartment complexes with a focus on SRO (Single Room Occupancy) properties. She has a working knowledge of this asset class as well as an expertise of the SRO Ordinance. Overstreet gained significant experience in the acquisition and disposition of investment properties through acquiring, selling, and managing her own investment properties for 15+ years. She and her team have an overall record of proven performance and boast a rich catalog of more than sixty years of experience in commercial real estate. Prior to joining SVN, Overstreet served in higher education leadership positions at The University of Notre Dame, Boston College, and Loyola University Chicago. Overstreet earned her B.B.A. from the University of Notre Dame Mendoza College of Business and her M.A. and Ph.D. from Boston College. She enjoys visiting her family in the Northwest, being outdoors on her bike, and traveling the world. 940 West Adams Street, Suite 200 Chicago, IL T C dawn.overstreet@svn.com 75 UNIT SRO + 6,125 SF LOT 3001 W. JACKSON BOULEVARD CHICAGO, IL SVN Chicago Commercial Page 15