919-927 South Loomis Street Chicago, IL 60607

$3,195,000
$3,195,000
Favorite

active
1/49
Street View

919-927 S Loomis, 15-unit Trophy Asset located in one of Chicago's most historic neighborhoods, Little Italy. Value-add opportunity with below average rents for 10 residential units comprised of (8) 2 bed/1 bath and (2) 3 bed/1 bath. Coin laundry in basement. Additionally, 5 ground level retail with high 12 ft ceilings, central a/c, duplex down storage rooms and bathrooms. Roof tear off, new sewers, and new deck over the past decade. Short walk to the Pink and Blue Line trains and many boutiques, restaurants and nightlife on Taylor Street. The location is attractive to tenants because of the close proximity to Chicago's trendiest areas, walking distance to UIC with over 30,000 students enrolled, Illinois Medical District and Pilsen neighborhoods. This building represents a unique opportunity to acquire solid real estate in a prime location with a good unit mix in an area that has constant rental demand and very few transactions. Offering Memorandum and Floor Plans under "Additional Documents" and check out the exclusive Drone video. Successful 2024 Tax Appeal from 256,900 proposed assessed value to revised 228,300 (18,000 savings).

919-927 S Loomis, 15-unit Trophy Asset located in one of Chicago's most historic neighborhoods, Little Italy. Value-add opportunity with below average rents for 10 residential units comprised of (8) 2 bed/1 bath and (2) 3 bed/1 bath. Coin laundry in basement. Additionally, 5 ground level retail with high 12 ft ceilings, central a/c, duplex down storage rooms and bathrooms. Roof tear off, new sewers, and new deck over the past decade. Short walk to the Pink and Blue Line trains and many boutiques, restaurants and nightlife on Taylor Street. The location is attractive to tenants because of the close proximity to Chicago's trendiest areas, walking distance to UIC with over 30,000 students enrolled, Illinois Medical District and Pilsen neighborhoods. This building represents a unique opportunity to acquire solid real estate in a prime location with a good unit mix in an area that has constant rental demand and very few transactions. Offering Memorandum and Floor Plans under "Additional Documents" and check out the exclusive Drone video. Successful 2024 Tax Appeal from 256,900 proposed assessed value to revised 228,300 (18,000 savings).

  • Neighborhood
  • Type
  • County
    Cook
  • Area
    CHI - Near West Side
  • Tax Amount
    $32,526
  • Status
    Active
  • Listing #
    12116964
  • Built
    1889
  • Listed on site
    85 days

Listed by:
MO2 Brokerage LLC

mls source logo © 2020 Midwest Real Estate Data LLC. All rights reserved. Listing courtesy of MO2 Brokerage LLC.
Click for Map
Smart Commute Planner
Add a destination

Property details

Community Features

  • No HOA

Exterior features

  • No Pool
Favorite

Tour This Home

Fri
18Oct
Sat
19Oct
Sun
20Oct
Mon
21Oct
Tue
22Oct
Wed
23Oct
Thu
24Oct
Fri
25Oct
Sat
26Oct
Sun
27Oct
Mon
28Oct
Tue
29Oct
Wed
30Oct
Thu
31Oct
in Person
via Video Call