Property for Sale: 919-927 S Loomis, Chicago, IL 60607

$2,995,000
$2,995,000
919-927 S Loomis, Chicago, IL 60607
$2,995,000
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Price:
$2,995,000
$4,500 - 11/20/2024

Type Commercial
Year Built 1889

City Chicago
County Cook

MLS 12212892
Status Active
919-927 S Loomis St, 15-unit Trophy Asset located in one of Chicago's most historic neighborhoods, Little Italy. 9.94 GRM / 7.12 CAP. Value-add opportunity with below average rents for 10 residential units comprised of (8) 2 bed/1 bath and (2) 3 bed/1 bath. Coin laundry in basement. Additionally, 5 ground level retail with high 12 ft ceilings, central a/c, duplex down storage rooms and bathrooms. Roof tear off, new sewers, and new deck over the past decade. Short walk to the Pink and Blue Line trains and many boutiques, restaurants and nightlife on Taylor Street. The location is attractive to tenants because of the close proximity to Chicago's trendiest areas, walking distance to UIC with over 30,000 students enrolled, Illinois Medical District and Pilsen neighborhoods. This building represents a unique opportunity to acquire solid real estate in a prime location with a good unit mix in an area that has constant rental demand and very few transactions. Offering Memorandum and Floor Plans under "Additional Documents" and check out the exclusive Drone video. Successful 2024 Tax Appeal from 256,900 proposed assessed value to revised 228,300 (18,000 savings).

Lot & Building Features

Tax Year 2023
Lot Dimensions 50X150 ft

Price History of 919-927 Loomis, Chicago, IL

Date Name Price Difference
11/20/2024 Price Adjustment $2,995,000 0.15%
12/31/1969 Listing Price $2,999,500 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Carole Grant
Direct: 773-251-5539
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by MO2 Brokerage LLC, Giancarlo Iannotta
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6.75%
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919-927 Loomis (MLS #12212892) is a commercial listing located in Chicago, IL. This property was listed on 11/19/2024 and has been priced for sale at $2,995,000.

Nearby zip codes are 60608, 60609, 60612, 60622 and 60661.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: MO2 Brokerage LLC