bridgeport 7-unit redevelopment · mr. cawthon bio mr. labriola bio resume_map_file_102918.pdf back...
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SVN | CHICAGO COMMERCIAL | 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL 60607 OFFERING MEMORANDUM
BRIDGEPORT7-UNITREDEVELOPMENT3132 S LITUANICACHICAGO, IL 60608
Paul CawthonVice [email protected]
Angelo LabriolaVice [email protected]
PROPERTY INFORMATION 3Property SummaryProperty DescriptionUnit Mix SummaryFloor PlansSite PlanAdditional Photos
LOCATION INFORMATION 10Location MapsRetailer Map | BridgeportAerial Map
DEMOGRAPHICS 14Demographics Map
ADVISOR BIOS 16Mr. Cawthon BioMr. Labriola BioResume_Map_File_102918.pdfBack Page
OFFERING MEMORANDUM| 3132 S LITUANICA , CHICAGO, IL 60608
1 PROPERTYINFORMATION
3132 S LituanicaChicago, IL 60608
3132 S LITUANICA CHICAGO, IL 60608 SVN | Chicago Commercial | Page 3
OFFERING SUMMARY
Sale Price: Subject To Offer
Number Of Units: 7
Lot Size: 4,500 SF
Approx. Building Size: 10,000 SF
Zoning: RM-6
Market: Chicago
Submarket: Bridgeport
Zoning change completed (RM-6) and Plans & Permits included in this large 7 unit brick building with 6 indoor parkingspaces.
The building will boast a Rooftop deck, indoor parking, in-unit washer and dryers, high-end finishes, abundant light and agreat mix of 1, 2 and 4 Bedroom units.
Ready for development!
PROPERTY OVERVIEW
PROPERTY HIGHLIGHTS
• Indoor Parking
• Walking Distance to CTA Orange Line
• Steps to Cafes, Restaurants and Retail
• East Access to I-55, I-90 and Halsted & Morgan Street Retail Corridors
Property Summary
3132 S LITUANICA CHICAGO, IL 60608 SVN | Chicago Commercial | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
3132 S LITUANICA CHICAGO, IL 60608 SVN | Chicago Commercial | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Zoning change completed (RM-6) and Plans & Permits included in this large 7 unit brick building with 6 indoor parking spaces.
The building will boast a Rooftop deck, indoor parking, in-unit washer and dryers, high-end finishes, abundant light and a great mix of 1, 2 and 4 Bedroom units.
Ready for development!
PROPERTY OVERVIEW
Located in Chicago's Bridgeport neighborhood, nestled between the Morgan Street and Halsted Street retail corridors. The subject property is a short walk to the MorganStreet & Halsted Street retail corridors. Morgan Street recently underwent a $3.5 million Streetscape Improvement that beautified the stretch of Morgan Street between 31stStreet & 35th Street. It included decorative pavers, street lights, bike racks, sidewalks and street paving. Morgan and Halsted are home to numerous cafes, restaurants, coffeehouses and other national, regional and local retailers.
Bridgeport benefits from the easy access to I-55, I-90 expressways and its access to the CTA Orange and Red lines.
LOCATION OVERVIEW
Property Description
UNIT TYPE COUNT % TOTAL SIZE (SF)
4 Bed | 3 Bath Duplex 2 28.6 1,578
1 Bed | 1 Bath 2 28.6 1,025
2 Bed | 2 Bath 2 28.6 1,050
4 Bed | 3 Bath
Penthouse1 14.3 2,300
Totals/Averages 7 100% 9,606
3132 S LITUANICA CHICAGO, IL 60608 SVN | Chicago Commercial | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Unit Mix Summary
3132 S LITUANICA CHICAGO, IL 60608 SVN | Chicago Commercial | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Floor Plans
3132 S LITUANICA CHICAGO, IL 60608 SVN | Chicago Commercial | Page 8The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Site Plan
3132 S LITUANICA CHICAGO, IL 60608 SVN | Chicago Commercial | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Proposed Building Style
Additional Photos
2 LOCATIONINFORMATION
3132 S LituanicaChicago, IL 60608
3132 S LITUANICA CHICAGO, IL 60608 SVN | Chicago Commercial | Page 10
3132 S LITUANICA CHICAGO, IL 60608 SVN | Chicago Commercial | Page 11The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Location Maps
3132 S LITUANICA CHICAGO, IL 60608 SVN | Chicago Commercial | Page 12The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Retailer Map | Bridgeport
3132 S LITUANICA CHICAGO, IL 60608 SVN | Chicago Commercial | Page 13The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Aerial Map
3DEMOGRAPHICS
3132 S LituanicaChicago, IL 60608
3132 S LITUANICA CHICAGO, IL 60608 SVN | Chicago Commercial | Page 14
3132 S LITUANICA CHICAGO, IL 60608 SVN | Chicago Commercial | Page 15The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
POPULATION 0.5 MILES 1 MILE 1.5 MILES
Total population 15,670 44,827 79,047
Median age 35.8 36.7 36.0
Median age (Male) 36.0 36.3 35.5
Median age (Female) 36.6 37.6 37.1
HOUSEHOLDS & INCOME 0.5 MILES 1 MILE 1.5 MILES
Total households 5,803 16,918 29,285
# of persons per HH 2.7 2.6 2.7
Average HH income $58,015 $56,471 $53,042
Average house value $328,576 $320,690 $318,431
* Demographic data derived from 2010 US Census
Demographics Map
4 ADVISOR BIOS3132 S Lituanica
Chicago, IL 60608
3132 S LITUANICA CHICAGO, IL 60608 SVN | Chicago Commercial | Page 16
940 West Adams Street, Suite 200Chicago, IL 60607T 312.676.1878C [email protected]
PROFESSIONAL BACKGROUND
Paul Cawthon serves as a Vice President for SVN | Chicago Commercial. He specializes in multi-family, sale and leasingof retail, as well as commercial development property. The Cawthon- Labriola team are specialists in the Pilsenneighborhood, with 60+ transactions completed in the neighborhood over the past few years.
Prior to joining SVN he served as a senior commercial associate with the Chicago office of Inland Real Estate Brokerage,Inc. A business owner for over 15 years, Mr. Cawthon capitalizes on his entrepreneurial skills and experience by offeringhis clients in-depth analysis of real estate products and financial solutions for their real estate investments. During hisextensive real estate career Cawthon has won real estate awards such as the Rookie of the Year award for outstandingsales achievement and Lister of the Year. He has also been featured on the front page of the Chicago Tribune's SundayReal Estate Section. Mr. Cawthon has participated in many high profile property listings including a portfolio of Class ALifestyle Retail Centers in the Chicagoland area valuing at over $300 million and a rare redevelopment opportunity inChicago's Gold Coast area located just off the Magnificent Mile. He has been hired by several municipalities to advisethem on redevelopment and attracting retailers to their communities.In 2016, Mr. Cawthon and Angelo Labriola were ranked in the top 7% of all SVN Advisors nationwide.
Paul resides with his family in Burr Ridge and in his spare time likes to spend time with his wife, Reda and their twodaughters, Sedona and Savanna.
PAUL CAWTHON
Vice President
3132 S LITUANICA CHICAGO, IL 60608 SVN | Chicago Commercial | Page 17The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Mr. Cawthon Bio
940 West Adams Street, Suite 200Chicago, IL 60607T 312.676.1870C [email protected]
PROFESSIONAL BACKGROUND
Angelo J. Labriola serves as a Vice President for SVN | Chicago Commercial, specializing in the sale of multi-family,mixed-use, development land, retail and industrial property. Throughout his career Labriola has worked towardspossessing a well-rounded expertise in all aspects of commercial real estate to better serve his clients. Prior to joiningSVN, Mr. Labriola served as a Commercial Associate for Inland Real Estate Brokerage, Inc., a full-service commercial realestate firm based in Oak Brook, IL, and worked out of their satellite sales office located in Chicago, IL. He hasparticipated in many high profile listings, including a portfolio of Class A LifeStyle Retail Centers in the Southwest &Western Suburbs of Chicago, valuing over $300 Million, and a rare redevelopment opportunity in Chicago's Gold Coast atChicago Ave. & Rush Street, just one block from the Magnificent Mile. Mr. Labriola has been a top producer (ranked in thetop 7% of all SVN Advisors nationwide) as well as part of a top producing listing team year over year. His specialtiesinclude mixed-use & multi-family assets in the near Loop neighborhoods and, along with business partner PaulCawthon, they have currently completed over 50 transactions and have multiple more in contract on the horizon.
Mr. Labriola has is currently a part of the Chicago Association of Realtors (CAR), the Illinois Association of Realtors (IAR)and the National Association of Realtors (NAR). He earned a B.S. in Finance and a minor in Economics with an emphasisin Real Estate from DePaul University in Chicago, IL. In his spare time Mr. Labriola enjoys the game of soccer andspending time with his wife and family.
EDUCATION
B.S. in Finance and a minor in Economics from DePaul University - Chicago, IL
MEMBERSHIPS & AFFILIATIONS
National Association of Realtors (NAR)Illinois Association of Realtors (IAR)Chicago Association of Realtors (CAR)
ANGELO LABRIOLA
Vice President
3132 S LITUANICA CHICAGO, IL 60608 SVN | Chicago Commercial | Page 18The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Mr. Labriola Bio
Paul Cawthon Angelo LabriolaVice President Vice PresidentO. 312.676.1878 O. [email protected] [email protected]
940 West Adams Street, Suite 200Chicago, IL 60607
312.676.1878svnchicago.com
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