1435 W Lexington St
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1435 W Lexington St
6 Unit Apartment Building $1,525,000 ($254,167/Unit) 7.10% Cap Rate Chicago, IL 60607
Executive Summary
Welcome to 1435 W Lexington St, an oversized 6 unit all brick building in the heart of Little Italy! RARELY available, this meticulously maintained building has undergone significant updates including complete tuckpointing, updated plumbing / electrical, new windows with aluminum wrap on the front, newer central heating systems / furnaces, updated kitchens and bathrooms, re-faced chimneys, caulked / seal-coated roof, and paint throughout just to highlight a short list! The common areas are in impeccable condition, with the patio and balconies recently brushed down to the base concrete / wood and repainted. Each updated unit exudes charm, featuring hardwood floors, abundant natural light from numerous windows, soaring 9-foot ceilings, crown molding, spacious kitchens, AC units, ceiling fans, and storage. Rear residents can enjoy their own balconies with sitting area and the whole building has the convenience of an on-site full laundry room, with ample street parking available, and the potential for the future owner to build out a rooftop deck with downtown skyline views. Situated on a picturesque, tree-lined street with dollar homes, this prime location is within walking distance Taylor St, Rush Medical, UIC, an array of restaurants / bars that Little Italy offers, and the beautiful Arrigo Park. Just moments away from the Blue / Pink Lines, CTA Bus, 290, 90/94, The Loop, and everything else the city offers! Don't miss out on this incredible investment opportunity that offers a great return, it will not last! Make it yours today!
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 1,200 |
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Walk Score ®
Walker's Paradise (90)
Transit Score ®
Excellent Transit (76)
Bike Score ®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 17-17-304-010-0000 | Improvements Assessment | $81,012 |
| Land Assessment | $11,988 | Total Assessment | $93,000 |
PROPERTY TAXES
Parcel Number
17-17-304-010-0000
Land Assessment
$11,988
Improvements Assessment
$81,012
Total Assessment
$93,000
zoning
| Zoning Code | Multi-Unit |
| Multi-Unit |
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1435 W Lexington St
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