1528 W Chestnut Street
Chicago, IL 60642

Acre Lot
Courtesy: First Western Properties
Last Updated: 9/23/2020 4:18 AM
BHHS Chicago> Illinois> Chicago> 60642
Newer 4 Unit Multifamily Property with 7%+ cap in Chicago's Thriving West Town/Noble Square Neighborhood. Located in the heart of the City, this property is only a few minutes' drive to the Downtown Loop area and an 8-minute walking distance to West Loop. Very easily accessible to transportation as it is a 3-minute drive to the I-90/94 Kennedy Expressway, 0.4 miles south of the CTA's Division Blue Line train station, and just a 3-minute walk to the CTA's Ashland & Augusta bus #9 stop. The unit mix consists of three 3 Bd/2 Ba units that measure 1,350 square feet and one 2 Bd/1 Ba Garden unit that measures 900 square feet respectively. Three units also feature their own built-in fireplaces. The Garden Unit and Unit 1 are both newly renovated. This property is surrounded by many major retailers such as Walgreens, Family Dollar, and CVS as well as many well-known local restaurants nearby, especially on the N Milwaukee Avenue and W Division St, a 10-minute walk from this building, both of them are famous for having nice restaurants in the Chicago. Moreover, schools like Rowe Middle School, William H Wells Community Academy, Noble Street College Prep are all close. Last but not least this property is located just a 3-minute walking distance away from the Eckhart Park, the 8.85 acres features an indoor swimming pool, meeting rooms, two gymnasiums, a fitness center, and a boxing center. Outdoors, the park offers baseball diamonds, an athletic field for football and soccer, a playground with a water pray feature, and a community garden. The playground was renovated in Summer 2014 as part of Mayor Emanuel's Chicago Plays Program. All these factors make this 4 flat building an attractive choice for the young urban professional and families with kids to rent. This property offers investors a unique opportunity to purchase a newer and quality multifamily asset in an excellent location with the ability to increase cash flow by raising rent and charging for parking, both while simultaneously benefiting from the neighborhood's rapid price appreciation.
Multi-Family, Other
7 Full
0.07 Acres
Lake Michigan,Public
Public Sewer
Data Provided by Onboard
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

Walk Score

Transit Score

Courtesy: First Western Properties
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