1658 S. Millard
Chicago, IL 60623
N/A
Sale Price
Property Details
| Price Summary | N/A |
| Number Of Units | 3 |
| Close Date | 10/2023 |
Property Description
Kiser Group is pleased to exclusively offer for purchase the sale of 1658 S. Millard, a three (3) unit walk-up located in Chicago’s historic Lawndale neighborhood. The property is located just one (1) block from Chicago's Pink Line "El" train station at Central Park, as well as, one (1) block away from an abundance of public transit and retail options down Ogden Ave.
1658 S. Millard is comprised of three (3) incredibly spacious 3bd/2ba units boasting roughly 1,300 square feet of living
space. All of the units have been gut-renovated and equipped with updated kitchens and baths. Recent capital improvements to the building consist of, but not limited to: a new 400 amp electric service with in unit breaker boxes, in-unit and separate furnaces and hot water tanks, new windows, 100% copper plumbing, and a new roof (2018). Additionally, there is in-unit laundry featuring both a washing and drying machine. Furthermore, there are (3) parking spots in the rear, which provide tenants an additional amenity.
1658 S. Millard provides an investor with a unique opportunity to acquire a stabilized and strong cash flowing asset in Chicago’s desirable pocket of Lawndale. From day one, a new owner will capitalize on an incredibly strong, subsidized tenant base, and will realize an in place cap rate of 10.25% and a cash-on-cash return of over 21%.
Location Description
3 Units :: Lawndale
Highlights
- Fully-Renovated
- New Roof (2018)
- New In-Unit Furnaces & Water Heaters
- 100% Copper Plumbing
- New Stainless Steel Appliances
- In-Unit Laundry w/ Washer & Dryer
Map
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| 0.5 Miles | 1 Miles | 1.5 Miles | |
|---|---|---|---|
| Total households | 4,359 | 15,710 | 33,311 |
| Total population | 13,578 | 52,755 | 117,192 |
| Persons per household | 3.1 | 3.4 | 3.5 |
| Average household income | $37,475 | $39,264 | $39,740 |
| Per capita income | $12,031 | $11,692 | $11,295 |
| Average house value | $240,429 | $235,287 | $228,885 |
| Average age | 28.9 | 28.4 | 27.7 |
| Average age male | 23.6 | 26.1 | 26 |
| Average age female | 36.1 | 31.3 | 29.9 |
| Population hispanic | 9.3% | 38.3% | 47.9% |
| Population non-hispanic | 12,313 | 32,537 | 61,086 |
| Population white | 7.5% | 20.5% | 25.0% |
| Population black | 87.4% | 59.1% | 49.4% |
| Population american indian | 0.0% | 0.1% | 0.1% |
| Population asian | 0.5% | 0.1% | 0.1% |
| Population pacific islander | 0.0% | 0.0% | 0.0% |
| Population other | 4.0% | 19.5% | 24.7% |
| Two or more races | |||
| Male total | |||
| Female total | |||
| Age 0-4 | |||
| Age 5-9 | |||
| Age 10-14 | |||
| Age 15-17 | |||
| Age 18-20 | |||
| Age 21-24 | |||
| Age 25-34 | |||
| Age 35-44 | |||
| Age 45-54 | |||
| Age 55-64 | |||
| Age 65-74 | |||
| Age 75-84 | |||
| Age 85+ | |||
| Total housing units | |||
| Vacant | |||
| Owner occupied | |||
| Renter occupied | |||
| Income less than $15K | |||
| Income $15K-$24,999 | |||
| Income $25K-$34,999 | |||
| Income $35K-$49,999 | |||
| Income $50K-$74,999 | |||
| Income $75K-$99,999 | |||
| Income $100K-$124,999 | |||
| Income $125K-$149,999 | |||
| Income $150K-$199,999 | |||
| Income $200K+ | |||
| Less than 9th grade | |||
| No high school degree | |||
| High school graduate | |||
| Some college | |||
| Associate's degree | |||
| Bachelor's degree | |||
| Master's degree | |||
| Professional degree | |||
| Doctorate degree | |||
| Employed | |||
| Unemployed | |||
| Armed forces | |||
| Not in labor force | |||
| Average travel time | |||
| Less than 15 min | |||
| 15-29 minutes | |||
| 30-44 minutes | |||
| 45-59 minutes | |||
| 60+ minutes | |||
| Single detached | |||
| Single attached | |||
| Two units | |||
| Three or four units | |||
| Five to nine units | |||
| Ten to nineteen units | |||
| Twenty to forty-nine units | |||
| Fifty or more units | |||
| Mobile home | |||
| Boat, RV, van, etc. | |||
| Car/truck/van - drove alone | |||
| Car/truck/van - carpool total | |||
| Public transportation total | |||
| Walked | |||
| Bicycle | |||
| Worked from home | |||
| Other means | |||
| Accommodation & food services | |||
| Admin support & waste management | |||
| Agriculture, forestry, fishing, hunting & mining | |||
| Arts, entertainment & recreation | |||
| Construction | |||
| Educational services | |||
| Finance, insurance & real estate | |||
| Healthcare & social assistance | |||
| Information | |||
| Management of companies | |||
| Manufacturing | |||
| Other services (except public admin) | |||
| Professional, scientific & technical | |||
| Public administration | |||
| Retail trade | |||
| Transportation, warehousing & utilities | |||
| Wholesale trade | |||
| Architecture & engineering | |||
| Arts, design, entertainment, sports & media | |||
| Building & grounds maintenance | |||
| Business & financial operations | |||
| Community & social service | |||
| Computer & mathematical | |||
| Construction & extraction | |||
| Education & library | |||
| Farming, fishing & forestry | |||
| Food preparation & serving | |||
| Healthcare practitioners & technical | |||
| Healthcare support | |||
| Installation, maintenance & repair | |||
| Legal | |||
| Life, physical & social science | |||
| Management | |||
| Office & admin support | |||
| Less than $20K | |||
| $20K-$39,999 | |||
| $40K-$59,999 | |||
| $60K-$79,999 | |||
| $80K-$99,999 | |||
| $100K-$149,999 | |||
| $150K-$199,999 | |||
| $200K-$299,999 | |||
| $300K-$399,999 | |||
| $400K-$499,999 | |||
| $500K-$749,999 | |||
| $750K-$999,999 | |||
| $1M-$1,499,999 | |||
| $1.5M-$1,999,999 | |||
| $2M or more | |||
| Median value | |||
| Average value | |||
| Never married | |||
| Married, spouse present | |||
| Married, spouse absent | |||
| Divorced | |||
| Widowed |