Corner Apartment
For Sale
$4,000,000
210 S Desplaines Street, Chicago, IL 60661
Apartment building with an entrance on Desplaines Street at the southwest corner of Desplaines and Adams.
Property Size12,000 SF
Price / SF$333.33
Days on Market93
Property Features for 210 S Desplaines Street
General Information
Standard status
Active
Size
12,000 SF
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$301,267
Building Details
Building Size
12,000 SF
Year Built
1913
Listing Agency:
MUV Real Estate 630-559-5512 Overview Additional information MLS R ID 12697059 Interior features Bedrooms 0 Cooling Yes Exterior features Lot Size 0.28 Acres Other property details Taxes $301,267 Tax Frequency Annually Coldwell Banker Dawn McKenna Group Request a tour Contact agent Request a tour Contact agent Listed by Soharb Khan with MUV Real Estate 630-559-5512
Listed By:
Soharb Khan
(312) 599-6505
Source:
Dawnmckennagroup
Added: Jul 7
Changed: Oct 1
Last Checked: Oct 5 at 11:26PM
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 MUV Real Estate 630-559-5512 Overview Additional information MLS R ID 12697059 Interior features Bedrooms 0 Cooling Yes Exterior features Lot Size 0.28 Acres Other property details Taxes $301,267 Tax Frequency Annually Coldwell Banker Dawn McKenna Group Request a tour Contact agent Request a tour Contact agent Listed by Soharb Khan with MUV Real Estate 630-559-5512
Investment Insights
Based on property information with market context.
This apartment building is located at the southwest corner of Desplaines and Adams. The property’s entrance is on Desplaines Street.
Per the provided directions, access is from Desplaines Street in the West Loop. The listing is in Cook County.
Additional details such as unit mix, condition, or building configuration were not provided.
Per the provided directions, access is from Desplaines Street in the West Loop. The listing is in Cook County.
Additional details such as unit mix, condition, or building configuration were not provided.
Key Highlights
- Apartment building with an entrance on Desplaines St. at the southwest corner of Desplaines and Adams.
- Central air cooling.
- Built in 1913.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$183,950
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,679,000
$3.7M
Cap Rate 7%
$2,627,857
$2.6M
Cap Rate 9%
$2,043,889
$2.0M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$352.8K $29.40/SF
− Vacancy
−$18.3K −$1.53/SF
EGI
$334.5K $27.87/SF
− OpEx
−$150.5K −$12.54/SF
NOI
$183.9K $15.33/SF
Area
Chicago, IL
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,679,000
Cap Rate 7%
$2,627,857
Cap Rate 9%
$2,043,889
Alternative Uses
Best Use
Apartment 5plus
$2.63M
$2.30M – $3.07M
NOI $183,950 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.66M
$4.95M – $6.60M
NOI $396,058 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
21,863
Businesses Nearby
Explore this area
Business Placement
Demographics for 60661, IL
11,987
Population
8,049
Households
1.5
Avg Household Size
32
Median Age
88%
College-Educated
99%
High-School Grad
0.3 sq mi
ZIP Area
39,957
Density / Sq Mi
$138,831
Median Household Income
$105,935
Median Earnings
$2,403
Median Rent
$397,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building with an entrance on Desplaines Street at the southwest corner of Desplaines and Adams.
Where is this apartment building located?
The property is located at 210 S Desplaines Street Chicago, IL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Apartment building with an entrance on Desplaines St. at the southwest corner of Desplaines and Adams.; Central air cooling.; Built in 1913.
