• 3 Adjacent Buildings with 16 Units
  • 25+ Year Ownership
  • Rents 15% Below Market As-Is Condition
  • Amazing Ukrainian Village Location
  • Walk to Damen & Chicago Bus Lines
  • Located in Northwest ADU
  • Ability to Duplex Down or Add Units
  • Most Hot Water Heaters are Newer

Iowa Street Portfolio

Iowa Street Portfolio is a 4 building portfolio. The properties located at 2013-2015 W. Iowa Street consist of 3 buildings one parcel. The first building consists of a 6-unit apartment building with 3 front and 3 back units. The front units consist of 1 one-bedroom and 2 four-room, two-bedroom apartments and the rear units consist of 3 five-room, two-bedroom apartments. The second building is a 2-unit building with “loft” style units. The fourth property is located next door at 2019 W. Iowa Street. This property is a 6-unit apartment building with 3 front and 3 back apartments. The front units consist of 1 one-bedroom and 2 four-room, two-bedroom apartments, and the rear units consist of 3 five-room, two-bedroom apartments.

This property is located in the prime location of the Ukrainian Village neighborhood of Chicago, IL.

Ukrainian Village, Chicago

Ukrainian Village got its start as a working-class neighborhood after the Great Chicago Fire in 1871 when settlers (mostly German) began their push outward from the city's fire ravaged downtown. Unlike its more upscale neighbors to the north in Wicker Park, Ukrainian Village was more of a working-class community. Soon after the German immigrants came an influx of people from Russian and Ukrainian descent. The Ukrainians quickly comprised the bulk of the new population and consequently, the area soon took on the name and character of its new Eastern European residents. While many Ukrainian establishments still exist in the neighborhood today, and it is still possible to hear Ukrainian spoken on the streets, you are just as likely to hear Polish and Spanish as well. Ukrainian Village is home to several beautiful European style churches, the most notable is Holy Trinity Cathedral which was constructed in 1903 and was funded in part by Russian Czar, Nicholas II. Like much of the greater West Town area, housing prices in Ukrainian Village have risen in recent years and the neighborhood has seen a lot of new construction and development. Even with contemporary residences sprouting up, Ukrainian Village continues to retain much of its Old-World village charm with Victorian-style brick homes that are still prevalent along the neighborhood's leafy green side streets. East Ukrainian Village is easily reached by several CTA bus routes including the Damen and Western Avenue buses on the neighborhood's eastern and western borders, as well as the Division and Grand buses on the northern and southern borders. To travel through the center of the community, just hop on the bisecting Chicago Avenue bus.

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Iowa Street Portfolio

Price  |  $3,925,000

Units  |  16

Square Ft.  |  10,300 & 5,600

Site  |  6,250 SQ FT & 3,125 SQ FT

Year Built  |  1910


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