1132 Wilson Ave Chicago, IL 60640
- Retail properties
Current Use by Public Records
- Downstate Donuts / Donut Shop / Coffee Shop
Property Details for 1132 Wilson Ave
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use property, located at 1132 W Wilson Ave in Chicago's vibrant Uptown neighborhood, presents a compelling investment opportunity. The building comprises 44 micro-units, offering a unique and in-demand housing option. These fully renovated apartments feature premium finishes including in-unit laundry, subway tile, poured concrete floors, and glass-enclosed rain showers. The building also includes ground-floor retail space, strategically positioned across from Truman College and near the Wilson Red Line CTA stop, ensuring high visibility and accessibility for tenants. The property sits on a 12,811 square foot lot (APN: 14-17-207-015 & 14-17-207-017) and is zoned C1-5. With a strong net operating income (NOI) of $543,706 and an attractive 8.05% capitalization rate, this asset offers significant potential for investors. The asking price is $6,750,000. The property's unique micro-unit design provides efficient operational costs and minimal competition, contributing to its strong financial performance. Annual gross rent totals $865,964, resulting in a gross rent multiplier (GRM) of 7.79. This turnkey investment is ready for immediate ownership and offers a rare opportunity to acquire a high-performing asset in a desirable Chicago location.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.659
- Latitude
- 41.9656
