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Informations principales sur l'investissement
- Dynamic South Loop Location Across the Street from Wintrust Arena, Marriott Marquis & McCormick Center
- Large Surface Parking Lot with Attractive As-of-Right Zoning and Potential for Upzoning
- Assumable Debt @ 3.75% Expiring in February of 2030
- Loft Style Apartments with Modern Finishes and In-Unit Laundry
- Retail NNN Leased to Established Local Pizzeria/Bar
Résumé analytique
Interra Realty is pleased to present a market analysis on the Vesta Lofts. The subject investment property is a 60 unit mixed-use property in a booming area of Chicago's South Loop Neighborhood. In addition to the apartment building, there is also 19,373 square feet of land (zoned DX-5) that currently functions as a surface parking lot for the building.
Before being converted to loft style apartments, the property was home to the Vesta Battery Company. Today, tenants enjoy high ceilings, large windows, exposed timber beams and brick walls, with high-end modern finishes. All units have individual HVAC and in-unit laundry. Common amenities include a gym, bike room, and common rooftop deck with sweeping city views.
Pizano's, a Chicago based pizzeria that has been in business since 1991, anchors the ground floor commercial space. This is one of five Chicagoland locations in addition to another location in Milwaukee, WI.
The opportunity offers qualified investors the chance acquire a stabilized apartment building in a high barrier to entry location. There is substantial upside in developing the parking lot as future up-zoning could translate into a number of different development opportunities. The property also has attractive assumable debt at 3.75% through February of 2030.
Before being converted to loft style apartments, the property was home to the Vesta Battery Company. Today, tenants enjoy high ceilings, large windows, exposed timber beams and brick walls, with high-end modern finishes. All units have individual HVAC and in-unit laundry. Common amenities include a gym, bike room, and common rooftop deck with sweeping city views.
Pizano's, a Chicago based pizzeria that has been in business since 1991, anchors the ground floor commercial space. This is one of five Chicagoland locations in addition to another location in Milwaukee, WI.
The opportunity offers qualified investors the chance acquire a stabilized apartment building in a high barrier to entry location. There is substantial upside in developing the parking lot as future up-zoning could translate into a number of different development opportunities. The property also has attractive assumable debt at 3.75% through February of 2030.
Informations sur l’immeuble
| Type de vente | Investissement | Classe d’immeuble | A |
| Nb de lots | 59 | Surface du lot | 0,38 ha |
| Type de bien | Immeuble residentiel | Surface de l’immeuble | 4 960 m² |
| Sous-type de bien | Appartement | Nb d’étages | 4 |
| Style d’appartement | De hauteur moyenne | Année de construction/rénovation | 1913/2013 |
| Zonage | DX-5, Chicago - Downtown Mixed-Use District | ||
| Type de vente | Investissement |
| Nb de lots | 59 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De hauteur moyenne |
| Classe d’immeuble | A |
| Surface du lot | 0,38 ha |
| Surface de l’immeuble | 4 960 m² |
| Nb d’étages | 4 |
| Année de construction/rénovation | 1913/2013 |
| Zonage | DX-5, Chicago - Downtown Mixed-Use District |
Caractéristiques
Caractéristiques du lot
- Climatisation
- Lave-vaisselle
- Micro-ondes
- Machine à laver/sèche-linge
- Chauffage
- Cuisine
- Accès internet à haut débit
- Électroménager en acier inoxydable
- Baignoire/Douche
- Vues
- Accessible aux fauteuils roulants (chambres)
Caractéristiques du site
- Centre de fitness
- Property Manager sur place
- Terrasse sur le toit
- Espace d’entreposage
- Wi-Fi communautaire
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| Studios | 3 | 1 338 € | 63 |
| 1+1 | 44 | 1 591 € | 64 |
| 2+1 | 2 | 1 998 € | 96 |
| 2+2 | 9 | 2 247 € | 104 |
| 3+2 | 1 | 2 606 € | 121 |
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Exceptionnellement praticable à pied
100/100
Relativement adapté aux voitures
50/100
Transports en commun exceptionnels
100/100
Moyennement praticable en vélo
70/100
Taxes foncières
| N° de parcelle | Évaluation des aménagements | 496 662 € | |
| Évaluation du terrain | 429 703 € | Évaluation totale | 926 365 € |
Taxes foncières
N° de parcelle
Évaluation du terrain
429 703 €
Évaluation des aménagements
496 662 €
Évaluation totale
926 365 €
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Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
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Carte
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Présenté par
Vesta Lofts | 2100-2114 S Indiana Ave
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