• 20-Unit multi-family property that has recently undergone extensive updates
  • Updates include 2/3 of roof, newer porches, vinyl windows and brand new hot water heater
  • Rents 15-20% Below Market
  • Prime Wicker Park Location
  • Ability to Add Additional Units

1929-33 W Crystal

1929-33 W Crystal is a 20-unit multi-family property that has recently undergone extensive updates. The property consists of 6 one-bedroom, 11 two-bedroom, and 3 three-bedroom apartments. Additionally, there are 3 building-owned washers and dryers which generate additional income. Updates to the property include 2 / 3rds of the roof, newer porches, vinyl windows, and a brand-new commercial hot water heater with a circulating pump.

This property is located in the popular Wicker Park neighborhood of Chicago, IL.

Wicker Park , Chicago

Wicker Park became part of Chicago in 1837; since then, it has undergone major changes to become the popular, lively neighborhood it is today. As recently as 1980, young professionals moved back into the neighborhood and began restoring old mansions to their previous single-family status. While this displaced much of the working class, the 1990’s brought some balance to the area. Chicago artists and students moved into the area, lured by its affordability and proximity to the Loop. Today, as more and more Chicago restaurants and shops opened in the neighborhood, as well as health care centers, day care centers, schools, and churches. The area caters to an increasingly diverse and balanced mix of people who proudly call Wicker Park home. The present-day neighborhood is best known for its numerous commercial and entertainment establishments and being a convenient place to live for downtown workers due to its proximity to public transportation and the loop. Decreasing crime and the increase of housing developments have contributed to the recent rise in business activity with many new restaurant-bars and retail openings to serve the young high-income population.

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1929-33 W Crystal

Price  |  $5,190,000

Units  |  20

Square Ft.  |  17,700

Site  |  8,640 SQ FT

Year Built  |  1928


BROKER CONTACT
JAMES CLOUGH
C: 7735511268
jclough@triadrepartners.com