Little Village is the next Pilsen, and we are featuring the for sale offering of a Nine-unit Corner all-brick building on an oversized 75′ x 150′ lot with an attached former Cookie Factory. The building is vacant and needs a complete gut rehab; the existing nine units combined with the Cookie Factory’s studio and 2400 sq foot loft create 3 more units for a 12-unit build-out. There has been no pre-marketing or off-marketing…genuinely a first-time offering of this masterpiece of a building. All investors and rehabbers get prepared for your best investment yet. This is a phenomenal opportunity to purchase one of the most significant multi-unit residential buildings in Little Village. The building is an architectural jewel, inside and outside, built like a fortress. In addition to the former 2400 sq ft Cookie Factory, there are two attached massive three-car garages for six cars. All financials are based on the Estimated Cost with a projection of 12 Units @75k Each plus $150k for the Garage & Common Areas, including soft costs, for an estimated $1,050,000 rehab plus the $980,000 Purchase Price for a projected project cost, all in at $2,030,000. This cost and the below-market after-improved rents used on the Financial Projection spreadsheet create a projected 12.0 Cap Rate. The Financial Projection spreadsheet is attached under Additional Information. The building is currently uninhabitable. No electricity or other utilities; bring flashlights. Cash Offers, with proof of cash funds only and an in-person viewing for the offer to be presented, per ownership. Cash Only, As Is.
|Address:||2501 S Springfield Avenue|
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