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Storefront Retail Residential Condo For Sale • 1,200 SF
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| 1st Floor - Unit 1n | Retail | 1,200 SF | $400,000 USD | |
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ZERO LANDLORD RESPONSIBILITY AND 0% SELLER FINANCED OPPORTUNITY IN ULTRA PRIME WEST LOOP. JUST SOUTH OF MADISON/RACINE STOPLIGHT INTERSECTION. 6.7% CAP W/22.2% LEVERED ANNUAL RETURN DURING 0% SELLER FINANCING PERIOD. ***$400K PURCHASE PRICE, $100K DOWN, $300K SELLER FINANCED FOR 0% FOR 30 MONTHS***NOI OF $24,051. AT THE END OF 30 MONTHS, BALANCE WOULD BE ROUGHLY $244,500 & SELLER WILL CONTINUE TO CARRY FINANCING AT 6% BEYOND THE 30 MONTH PERIOD. SELLER WILL CONTINUE TO MANAGE, ERGO ZERO LANDLORD RESPONSIBILITY. REAL ESTATE OFFICE HAS OCCUPIED THE SPACE FOR 11+ YEARS. OTHER SPACES AVAILABLE WITH SIMILAR TERMS IN WEST LOOP, WICKER PARK & LAKEVIEW. TENANT PAYS ALL UTILITIES AND THEY ARE SEPARATELY METERED FOR THE SPACE.
| 5.63% CAP w/0% SELLER FINANCING MAKES A 22.2% LEVERED RETURN IN 0% PERIOD |
| Zero Landlord responsibilities |
| Ultra Prime West Loop with tenant of 11+ years |
| Cap Rate: | 6.00 % |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| N/A | ||
| Quest Realty Group | 1,250 SF | 6/30/2024 |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Chicago Ogilvie Transportation Center (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra), Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra), Union Pacific West Line - Northeast Illinois Regional Commuter Railroad (Metra)) | 2 min | 18 min | 0.9 mi |
| Chicago Union Station (Burlington Northern-Santa Fe Railway Line - Northeast Illinois Regional Commuter Railroad (Metra), Heritage Corridor Line - Northeast Illinois Regional Commuter Railroad (Metra), Milwaukee District North Line - Northeast Illinois Regional Commuter Railroad (Metra), Milwaukee District West Line - Northeast Illinois Regional Commuter Railroad (Metra), North Central Service - Northeast Illinois Regional Commuter Railroad (Metra), SouthWest Service - Northeast Illinois Regional Commuter Railroad (Metra)) | 3 min | 19 min | 1.0 mi |
| Transit/Subway | Drive | Walk | Distance |
| Racine Station (Blue Line - Chicago Transit Authority "L" Trains (The "L")) | 4 min | 9 min | 0.5 mi |
| Morgan (Green Line - Chicago Transit Authority) | 2 min | 10 min | 0.5 mi |
| Ashland Station (Green, Pink Lines) (Green Line - Chicago Transit Authority "L" Trains (The "L"), Pink Line - Chicago Transit Authority "L" Trains (The "L")) | 2 min | 14 min | 0.8 mi |
| Uic-Halsted Station (Blue Line - Chicago Transit Authority "L" Trains (The "L")) | 3 min | 14 min | 0.8 mi |
| Airport | Drive | Walk | Distance |
| Chicago Midway International | 17 min | - | 9.7 mi |
| Chicago O'Hare International | 27 min | - | 17.6 mi |
Jason Vondrachek
Quest Realty Group
Jason Vondrachek
Quest Realty Group