This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

1470 W Huron St

6 Unit Apartment Building $1,400,000 ($233,333/Unit) 6.55% Cap Rate Chicago, IL 60642

Investment Highlights

  • Extremely Well-Cared-For Vintage Apartment Property
  • Modern Utilities Systems Throughout
  • Heart of Noble Square, blocks from nearby L Station, Bus Stops, and West Loop
  • Unit Mix: Three (3) 1 Bed/1 Baths & Three (3) 2 Bed/1 Baths
  • Same Ownership for Almost 30 Years

Executive Summary

1470 W. Huron St., a beautifully maintained 6-unit apartment building in the Heart of Noble Square, has been engaged to market for sale. Recent tuckpointing as well as a major cornice restoration are each part of the property's tremendous curb appeal. Notably, the property has been under the same ownership for almost 30 years. It was also completely gut rehabbed in 1996, bringing all new modern utilities to and throughout the property at that time.
The Subject Property is comprised of three (3) 2 Bed/1 Bath and three (3) 1 Bed/1 Bath apartments and includes three (3) exterior parking spaces in the rear. Each unit features a thoughtful floorplan with true wood flooring, a mix of stainless steel and white appliances appliances, dishwashers, central heat, and access to laundry in the basement. The property also features a large rear porch and a private hardscaped yard that each tenant can access and enjoy. An opportunity exists for an investor to increase rents with limited work to each of the units or significantly with a couple of minor upgrades.
The building is ideally situated on the north side of Huron Street just east of Ashland Avenue, and is conveniently less than a mile from both the Chicago & Division L Stations, making this an excellent location within the West Town neighborhood. Quick access to the CTA Blue Line Station and 90/94 expressway, along with several bus stops, offers tenants many excellent transportation options. 1470 West Huron is a rare opportunity to acquire an exceptionally maintained vintage building in a prime West Town location.

Data Room Click Here to Access

Property Facts Under Contract

Price $1,400,000
Price Per Unit $233,333
Sale Type Investment
Cap Rate 6.55%
Gross Rent Multiplier 9.96
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.10 AC
Building Size 4,257 SF
Average Occupancy 100%
No. Stories 3
Year Built 1883
Walk Score ®
Walker's Paradise (96)
Transit Score ®
Excellent Transit (75)
Bike Score ®
Biker's Paradise (95)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-08-109-019-0000
Land Assessment
$18,450
Improvements Assessment
$60,024
Total Assessment
$78,474
  • Listing ID: 33599671

  • Date on Market: 10/22/2024

  • Last Updated:

  • Address: 1470 W Huron St, Chicago, IL 60642

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}