NelsonHill Creating Maximum Value in Real Estate INVESTMENT SALE OFFERING THE WEST TOWN COLLECTION Chicago, IL
11 9 10 INVESTMENT SALE OFFERING 5 12 6 The West Town Collection 7 8 1 NelsonHill is pleased to present the West Town Collection, consisting of thirteen (13) newly constructed retail condos, eleven of which are occupied. At a combined total of 14,893 SF of retail space, the portfolio is anchored by units in the heart of Bucktown, Wicker Park and Noble Square. 13 2 NUMBER OF PROPERTIES TOTAL PIN(S) 13 + 14,893 RSF SUBJECT PROPERTIES 17-06-203-050-1001, 17-05-324-069-1001, 17-05-324-070-1001 1 1747 W. North Ave. Chicago, IL 60622 Unit Size: + 1,400 SF Zoning: B1-2 Income: $29,664.00* 4 1406 W. Chicago Ave. Chicago, IL 60642 Unit Size: + 920 SF Zoning: B1-2 Income: $25,132.72* 7 1866 N. Damen Ave. Chicago, IL 60647 Unit Size: + 1,400 SF Zoning: B3-3 Income: $39,690.00* 10 2847 N. Pulaski Rd., #CS Chicago, IL 60641 Unit Size: + 1,200 SF Zoning: B3-2 Income: $14,400.00* 13 945 N. Ashland Ave. Chicago, IL 60622 Unit Size: + 1,000 SF Zoning: B1-2 Income: $27,000.00+ 17-05-324-071-1001, 14-31-135-046-1001, 14-31-315-053-1001, 14-31-315-051-1001, 14-31-315-050-1001, 13-36-300-029-1001, 17-05-314-066-0000, 13-26-123-033-1001, 13-26-123-033-1002, 12-25-215-057-1001 ZONING B1-2, B3-2, B3-3, B3-4, C1-2 2017 TOTAL TAXES $73,826.23 CURRENT ANNUAL GROSS INCOME $313,276.17 PRO FORMA ANNUAL GROSS INCOME $422,852.00 CURRENT NOI $202,916.86 (10.15% CAP) PRO FORMA NOI $219,935.14 (10.99% CAP) ASKING PRICE $2,000,000 All information contained herein is from sources deemed reliable and is submitted subject to errors, omissions and to change of price or terms without notice. 4 property description 3 4 2 1400 W. Chicago Ave. Chicago, IL 60642 Unit Size: + 803 SF Zoning: B1-2 Income: $21,936.00* 5 2040 N. Damen Ave. Chicago, IL 60647 Unit Size: + 1,200 SF Zoning: B3-2 Income: $18,000.00* 8 1870 N. Damen Ave. Chicago, IL 60647 Unit Size: + 1,250 SF Zoning: B3-3 Income: $44,562.00* 11 3022 N. Harlem Ave. Chicago, IL 60634 Unit Size: + 1,200 SF Zoning: B3-2 Income: $22,200.00* 3 1404 W. Chicago Ave. Chicago, IL 60642 Unit Size: + 920 SF Zoning: B1-2 Income: $25,132.72* 6 1864 N. Damen Ave. Chicago, IL 60647 Unit Size: + 1,400 SF Zoning: B3-3 Income: $43,758.24* 9 2847 N. Pulaski Rd., #CN Chicago, IL 60641 Unit Size: + 1,200 SF Zoning: B3-2 Income: $28,800.00* 12 3107 W. Armitage Ave. Chicago, IL 60647 Unit Size: + 1,000 SF Zoning: B3-2 Income: $20,000.00+ * Current gross income + Projected gross income www.nelsonhill.com
1 1747 2657 W. Peterson North Avenue 1747 W. North Avenue, Unit 1 is a 1,400 RSF retail space that is currently leased by the Level Vape. The property is located in the Wicker Park, Chicago neighborhood and is zoned C1-2. + 1,400 RSF WICKER PARK ZONING B1-2 PIN(S) 17-06-203-050-1001 2017 TAXES $2,230.18 ($1.59 PSF) CURRENT GROSS INCOME: $29,664.00 W. NORTH AVE. N. WOOD ST. PROJECTED GROSS INCOME $42,000.00 CURRENT LEASE THROUGH 11/31/2020 1747 W. North Ave. Streetview 1747 W. North Ave. Aerial 2 1400 5835-5837 W. Chicago W. North Avenue 1400 W. Chicago Avenue, Unit 1 is an 803 RSF, retail space that is currently leased by Chicago Cleaners. The property is located in the West Town, Chicago neighborhood and is zoned B1-2. + 803 RSF NOBLE SQUARE W. CHICAGO AVE. N. NOBLE ST. ZONING B1-2 PIN(S) 17-05-324-069-1001 2017 TAXES $6,763.43 ($8.42 PSF) CURRENT GROSS INCOME: $21,936.49 PROJECTED GROSS INCOME $24,090.00 CURRENT LEASE THROUGH 01/31/2020 1400 W. Chicago Ave. Streetview 1400 W. Chicago Ave. Aerial
3 1404 2657 W. Peterson Chicago Avenue 1404 W. Chicago Avenue, Unit 1 is a 920 RSF retail space that is currently leased by ZaZaZoo Nail Salon. The property is located in the Noble Square, Chicago neighborhood and is zoned B1-2. + 920 RSF NOBLE SQUARE W. CHICAGO AVE. N. NOBLE ST. ZONING B1-2 PIN(S) 17-05-324-070-1001 2017 TAXES $7,107.30 ($7.73 PSF) CURRENT GROSS INCOME: $25,132.72 PROJECTED GROSS INCOME $27,600.00 CURRENT LEASE THROUGH 03/31/2020 1404 W. Chicago Ave. Streetview 1404 W. Chicago Ave. Aerial 4 1406 5835-5837 W. Chicago W. North Avenue 1406 W. Chicago Avenue, Unit 1 is a 920 RSF retail space that is currently leased by the law firm, Fogarty & Fugate. The property is located in the Noble Square, Chicago neighborhood and is zoned B1-2. + 920 RSF NOBLE SQUARE W. CHICAGO AVE. N. NOBLE ST. ZONING B1-2 PIN(S) 17-05-324-071-1001 2017 TAXES $7,880.66 ($8.57 PSF) CURRENT GROSS INCOME: $25,132.72 PROJECTED GROSS INCOME $27,600.00 CURRENT LEASE THROUGH 03/31/2023 1406 W. Chicago Ave. Streetview 1400 W. Chicago Ave. Streetview
5 2040 2657 W. N. Peterson Damen Avenue 2040 N. Damen Avenue is a 1,200 RSF retail space that is currently leased by Noah Properties. The property is located in the Bucktown, Chicago neighborhood and is zoned B3-2. + 1,200 RSF BUCKTOWN ZONING B3-2 PIN(S) 14-31-135-046-1001 2017 TAXES $7,760.72 ($6.47 PSF) CURRENT GROSS INCOME: $18,000.00 PROJECTED GROSS INCOME $36,000.00 CURRENT LEASE THROUGH 03/01/2020 2040 N. Damen Ave. Streetview 2040 N. Damen Ave. Streetview 6 1864 5835-5837 N. Damen W. North Avenue 1864 N. Damen Avenue is a 1,400 RSF retail space that is currently leased by Vamoose Tattoo Removal. The property is located in the Bucktown, Chicago neighborhood and is zoned B3-2. + 1,400 RSF BUCKTOWN ZONING B3-3 PIN(S) 14-31-315-053-1001 2017 TAXES $5,761.64 ($4.12 PSF) W. MOFFAT ST. N. DAMEN AVE. CURRENT GROSS INCOME: $43,758.24 PROJECTED GROSS INCOME $42,000.00 CURRENT LEASE THROUGH 08/31/2020 1864 N. Damen Ave. Streetview 1864 N. Damen Ave. Aerial
7 1866 2657 W. N. Peterson Damen Avenue 1866 N. Damen Avenue is a 1,400 RSF retail space that is currently leased by Roque Salon/The Lash Spot. The property is located in the Bucktown, Chicago neighborhood and is zoned B3-3. + 1,400 RSF BUCKTOWN ZONING B3-3 PIN(S) 14-31-315-051-1001 W. MOFFAT ST. N. DAMEN AVE. 2017 TAXES $7,103.32 ($5.07 PSF) CURRENT GROSS INCOME: $39,690.00 PROJECTED GROSS INCOME $42,000.00 CURRENT LEASE THROUGH MONTH-TO-MONTH 1866 N. Damen Ave. Streetview 1866 N. Damen Ave. Aerial 8 1870 5835-5837 N. Damen W. North Avenue 1870 N. Damen Avenue is a 1,250 RSF retail space that is currently leased by Havlan & West. The property is located in the Bucktown, Chicago neighborhood and is zoned B1-2. + 1,250 RSF BUCKTOWN ZONING B3-3 PIN(S) 14-31-315-050-1001 W. MOFFAT ST. N. DAMEN AVE. 2017 TAXES $6,995.50 ($5.60 PSF) CURRENT GROSS INCOME: $44,562.00 PROJECTED GROSS INCOME $44,562.00 CURRENT LEASE THROUGH 1/31/2020 (12-MONTH OPTION) 1870 N. Damen Ave. Streetview 1870 N. Damen Ave. Aerial
9 2847 2657 W. N. Peterson Pulaski Avenue, Unit CN 2847 N. Pulaski Avenue, Unit CN is a 1,200 RSF retail space that is currently leased by the company, Platinum Fades. The property is located in the Avondale, Chicago neighborhood and is zoned B3-2. + 1,200 RSF AVONDALE W. GEORGE ST. ZONING B3-2 PIN(S) 13-26-123-033-1002 2017 TAXES $3,676.60 ($3.06 PSF) N. PULASKI RD. CURRENT GROSS INCOME: $28,800 PROJECTED GROSS INCOME $30,000 CURRENT LEASE THROUGH 12/31/2018 2847 N. Pulaski Ave. #CN, Streetview 2847 N. Pulaski Ave. #CN, Aerial 10 2847 5835-5837 N. Pulaski W. North Avenue, Unit CS 2847 N. Pulaski Avenue, Unit CS is a 1,200 RSF retail space that is currently leased by Artur Climate Control. The property is located in the Avondale, Chicago neighborhood and is zoned B3-2. + 1,200 RSF AVONDALE W. GEORGE ST. ZONING B3-2 PIN(S) 13-26-123-033-1002 2017 TAXES $4,377.11 ($3.65 PSF) N. PULASKI RD. CURRENT GROSS INCOME: $14,400 PROJECTED GROSS INCOME $30,000.00 CURRENT LEASE THROUGH 01/01/2020 (12-MONTH OPTION) 2847 N. Pulaski Ave. #CS, Streetview 2847 N. Pulaski Ave. #CS, Aerial
11 3022 2657 W. N. Peterson Harlem Avenue 3022 N. Harlem Avenue is a 1,200 RSF retail space that is currently leased by Northwest Home Equity Assurance. The property is located in the Belmont Heights, Chicago neighborhood and is zoned B3-2. + 1,200 RSF BELMONT HEIGHTS ZONING B3-2 PIN(S) 12-25-215-057-1001 2017 TAXES $6,579.71 ($5.48 PSF) CURRENT GROSS INCOME: $22,200.00 PROJECTED GROSS INCOME $30,000.00 CURRENT LEASE THROUGH 07/31/2019 3022 N. Harlem Ave. Streetview 3022 N. Harlem Ave. Streetview 12 3107 5835-5837 W. Armitage W. North Avenue 3107 W. Armitage Avenue is a 1,000 RSF retail space that is currently vacant. The property is located in the Logan Square/Palmer Square, Chicago neighborhood and is zoned B3-2. + 1,000 RSF LOGAN SQUARE/PALMER SQUARE ZONING B3-2 PIN(S) 13-36-300-029-1001 2017 TAXES $1,714.85 ($1.71 PSF) CURRENT GROSS INCOME: VACANT PROJECTED GROSS INCOME $20,000 3107 W. Armitage Ave. Streetview 3107 W. Armitage Ave. Aerial
13 945 2657 N. W. Ashland Peterson Avenue 945 N. Ashland Avenue is a 1,000 RSF retail space that currently vacant. The property is located in the Noble Square, Chicago neighborhood and is zoned B1-2. + 1,000 RSF NOBLE SQUARE ZONING B1-2 PIN(S) 17-05-314-066-0000 2017 TAXES $5,983.03 ($5.98 PSF) CURRENT GROSS INCOME: VACANT PROJECTED GROSS INCOME $27,000.00 945 N. Ashland Ave. Streetview 945 N. Ashland Ave. Streetview
CONTACT US MARK A. NELSON, SIOR Principal 312-267-1101 Mark@NelsonHill.com MICHAEL J. CONWAY Vice President 312-586-2770 MConway@NelsonHill.com 20 contact us www.nelsonhill.com