Luxury 5-Unit Apartment
For Sale
Contact for pricing
1715 S Morgan St, Chicago, IL 60608
New construction 5-unit boutique building with sprinkler system, luxury finishes, and 5-car garage parking.
Property SizeContact for details
Days on Market121
Property Features for 1715 S Morgan St
General Information
Standard status
Active
Total Parking Spaces
5
Property subtype
Multifamily
Additional Details
Cap Rate
5.5%
Highway Access
Yes
Sprinkler System
Yes
Multifamily Units
5
Listing Agency:
North Clybourn Group, Inc.
(773) 645-7900
Listed By:
Karen Biazar · License #IL
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 20 at 5:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of North Clybourn Group, Inc.
Investment Insights
Based on property information with market context.
New construction luxury boutique 5-unit apartment development featuring a sprinkler system throughout the building and garage parking for up to five cars. Interior finishes include flat panel cabinetry, quartz countertops with slab backsplash, a stainless steel appliance package, luxury wide plank vinyl flooring, and a spa-like primary bath. The project also includes oversized outdoor space, with plans designed around generous layout and functionality.
Located in East Pilsen, just south of UIC campus, with access to Metra, expressway, and public transportation. The property sits on a charming tree-lined street with proximity to restaurants, nightlife, shopping, and concerts along 18th Street.
The delivery is described as late Q4 2022 / late fall 2022. Pro-forma annual income is listed at $210,000 with NOI of $170,000 and a 5.5% cap rate.
Located in East Pilsen, just south of UIC campus, with access to Metra, expressway, and public transportation. The property sits on a charming tree-lined street with proximity to restaurants, nightlife, shopping, and concerts along 18th Street.
The delivery is described as late Q4 2022 / late fall 2022. Pro-forma annual income is listed at $210,000 with NOI of $170,000 and a 5.5% cap rate.
Key Highlights
- New construction luxury boutique 5‑unit development in East Pilsen with 5‑car garage parking
- Sprinkler system throughout the building
- Luxury interior finishes: flat panel cabinetry, quartz countertops with slab backsplash, and stainless steel appliance package
Property Analytics
Current Use
Lease Details
5
Residential units
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,815
Businesses Nearby
Explore this area
Business Placement
Demographics for 60608, IL
75,770
Population
32,617
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
77%
High-School Grad
6.2 sq mi
ZIP Area
12,221
Density / Sq Mi
$70,704
Median Household Income
$42,211
Median Earnings
$1,208
Median Rent
$341,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - New construction 5-unit boutique building with sprinkler system, luxury finishes, and 5-car garage parking.
Where is this apartment building located?
The property is located at 1715 S Morgan St Chicago, IL.
What are key features of this property?
This property features: New construction luxury boutique 5‑unit development in East Pilsen with 5‑car garage parking; Sprinkler system throughout the building; Luxury interior finishes: flat panel cabinetry, quartz countertops with slab backsplash, and stainless steel appliance package
