prime tara mathew george kokkonas · tara mathew senior advisor 847.980.7267...

Tara MathewSenior Advisor 847.980.7267 [email protected]

UNITS: 17

8 apartments 1 coach house7 stores (gross leases)1 basement office 5 parking spacesNO. OF BUILDINGS: 1 + coach house

ADDRESS: 1751-1757 W 95 TH STREET CHICAGO IL 60643

SUMMARY: Prime Equities is pleased to offer for sale a mixed use investment property located in Chicago's coveted Beverly community! Featuring 8 residential units above, 7 street level retail storefronts, one basement office, and a coach house apartment! Prime location positioned on the hard-corner of 95th and Vanderpoel directly across from the 95th street Metra station with service to and from Downtown Chicago. Minutes from the new Evergreen plaza and Evergreen market place which features tenants such as Whole Foods, Menards, Sam's Club and a mix of national retailers. Close proximity to Beverly arts Center and Dan Ryan woods. Well maintained asset. Savvy investors can easily improve NOI.

George KokkonasSenior Advisor 630.362.1941 [email protected]

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1751-1757 W 95th St Chicago, IL 60643

PRIME MIXED USED OPPORTUNITYIN BEVERLY

2OVERVIEW

PROPERTY HIGHLIGHTS• Steps from the Metra• 9% capitalization rate on actual numbers• Incredible upside potential• $92,803 average household income one mile radius

PROPERTY SUMMARY• Asking Price: $1,200,000• Year Built: 1923• Lot Size: 0.27 AC• Total SF: 14,730

LOCATION HIGHLIGHTS• 14 Miles to Chicago loop• High demand neighborhood• Close to high-end housing• Exceptional Demographics

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PROPERTY PHOTOS

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7RETAILER MAP

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ZONING MAP 8

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COMMUNITY INFORMATION 9

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BEVERLY NEIGHBORHOOD

Beverly is one of the 77 community areas of Chicago, Illinois, on the South Side at the southwestern edge of the city. The borders are 87th Street on the north; Beverly Avenue, Hale Avenue and Vincennes Road on the east; 107th Street on the south; and Francisco Avenue and Western Avenue on the west.Sparsely settled until the late 19th century, Beverly was developed by business interests from Chicago, encouraged by the completion in 1889 of the Rock Island Railroad suburban line that runs parallel with the eastern edge of the Blue Island ridge. Its position on the ridge allowed the community to become an exclusive streetcar suburb, and the homes and large lots reflect this.

Beverly is one of few areas in the City of Chicago that features a hilly terrain. This geography is due to its location in the middle of the geological formation known as the Blue Island Ridge. In its early years of settlement this area as well as Morgan Park to the south was known as North Blue Island,[4] denoting its relationship to the village of Blue Island, which was settled in 1836 and is located a few miles to the south.

DAN RYAN WOODS

The 257-acre Dan Ryan Woods is a well-loved family destination on Chicago’s South Side, with sledding and snowboarding hills, historic aqueducts, fitness stairs, picnic groves and a mile-long paved loop that connects to the Major Taylor Trail. The site supports a large array of native plants, animals and migratory birds.

BEVERLY ARTS CENTER

The Beverly Arts Center is a vibrant and multifaceted not-for-profit organization serving the Chicago metro area with high-quality programs in dance, visual arts, music, film and theater. The 40,000 square foot space houses a 400-seat theatre, art gallery, exhibition spaces, music and dance studios, art classrooms and event rental spaces including a courtyard and light-filled atrium. Founded in 1967 and located in Chicago’s historic Beverly/Morgan Park neighborhood, the BAC is also home to an extensive community outreach program.



INCOME AND EXPENSE

Current

Gross Annual Income $185,676

Less Vacancy (5%)

Effective Rental Income $176,392

Laundry Income $0

Effective Gross Income $176,392

EXPENSES

Real Estate Taxes $23,481

Insurance $7,000

Utilities - Water $4,000

$2,100

$644

Trash Removal $2,625

Repairs and Maint $8,400

Landscaping and Snow $0

Management Fee $9,284

Total Expenses $67,634

NET INCOME $108,758

FINANCIAL SUMMARY 10

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$2,100

*Gas $8,000Cleaning

Exterminator

Utilities - Common Electric

$9,284

Unit # Unit Type Current Rent

1753-200 3 Bed $1000

1753-201 Studio $575

1753-202 Studio $600

1753-203 1 Bed $725

1753-205 1 Bed $700

1753-208 2 Bed $1000

1755-2N 2 Bed $1200

1757-2S 1 Bed $650

1751-S Retail $1650

1753-S Retail $1000

1755-57S Retail $2800

Retail $600

9504-S Retail $825

9506-S Retail $650

9508-S Retail $650

Coach House 1 Bed $750

Billboard Comm $97.50

Monthy Gross $15,473

*9500-BSM

*Apartments are landlord heated. Coach house tenant heated. All stores are tentant heated except for one.

CURRENT CAP RATE

GRM

9%

6.5

RENT ROLL



11 DEMOGRAPHICS

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prime tara mathew george kokkonas · tara mathew senior advisor 847.980.7267...

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