101609 . 12 Home SFR Chicago, IL , Chicago, IL 60429
This Chicago property for sale is located at 101609 . 12 Home SFR Chicago, IL . The current listed sale price for 101609 . 12 Home SFR Chicago, IL is $1,946,000. 101609 . 12 Home SFR Chicago, IL is situated on a lot that is 3.01 acre in size.
Contacts
Tim Orscheln
SVN | SFRhub Marketplace
Property Details
Property TypeMulti-Family
Property Size 21,031 SF
Units 12
Lot Size 3.01 Acre
Additional RentContact for pricing
Year Built1946
Date UpdatedDec 11, 2024
Chicago, Illinois, situated on the southwestern shore of Lake Michigan, is one of the largest and most vibrant cities in the United States. With a population of over 2.7 million residents, it is a hub of culture, commerce, and innovation. Chicago’s economy is diverse and robust, serving as a major center for finance, technology, manufacturing, transportation, and tourism. The city is home to the Chicago Mercantile Exchange, one of the world’s largest options and futures exchanges, as well as numerous Fortune 500 companies, including Boeing, McDonald’s, and United Airlines. The city’s central location and extensive transportation infrastructure, including O’Hare International Airport, make it a vital hub for domestic and international trade. City development in Chicago is characterized by a blend of historic architecture and modern skyscrapers.
The downtown area, known as the Loop, boasts iconic landmarks such as the Willis Tower (formerly known as the Sears Tower), the Chicago Board of Trade Building, and Millennium Park. The city has invested in revitalizing neighborhoods across Chicago, promoting mixed-use developments, green spaces, and cultural amenities. The city is renowned for its world-class educational institutions. The city is home to several prestigious universities, including the University of Chicago, Northwestern University, and the Illinois Institute of Technology.
These institutions attract students and researchers from around the globe, contributing to the city’s intellectual vibrancy and innovation ecosystem. Chicago’s public school system, one of the largest in the nation, is undergoing reform efforts to improve educational outcomes for all students. Tourism is a significant driver of Chicago’s economy, with millions of visitors flocking to the city each year to experience its rich cultural offerings and iconic attractions.
The Magnificent Mile, a stretch of Michigan Avenue lined with luxury retailers and restaurants, is a popular destination for shopping and dining. Chicago is also known for its world-class museums, including the Art Institute of Chicago, the Field Museum of Natural History, and the Museum of Science and Industry. The city’s vibrant arts scene, encompassing theater, music, and visual arts, draws visitors from around the world. In conclusion, Chicago is a city of contrasts, blending rich history with modern innovation. Its diverse economy, dynamic cityscape, top-tier educational institutions, and vibrant cultural scene make it a global destination for business, education, and tourism. With ongoing development initiatives and a spirit of innovation, Chicago continues to evolve as a world-class city that embraces the future while honoring its past.
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Highlights
12 Home SFR in the Chicago Area Rental Market
Asset mix consists of 3-, 4- and 5-bedroom homes
Average Home is 1,753 square feet
Average vintage of the homes is 1946
The portfolio has been professionally managed and maintained
Long-term tenants in place
Value-add opportunity with current rents 15% below current market rents
Current rents average $1,757/month
All SVN® Offices Are Independently Owned & Operated
Local Broker License Information: www.SFRhub.com/realestatelicensing
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
101609 . 12 Home SFR Chicago, IL, Chicago, IL 60429 - Multi-Family Space
101609 . 12 Home SFR Chicago, IL is located at 101609 . 12 Home SFR Chicago, IL in Chicago, IL 60429.
The property was completed in 1946. This Chicago multi-family investment incorporates a total of 21,031 SF.