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2143-45 S. Halsted St $325,000 2145 S Halsted Street Chicago, Il 60608

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2143-45 S. Halsted St $325,000 2145 S Halsted Street Chicago, Il 60608 2143-45 S. HALSTED ST $325,000 2145 S HALSTED STREET CHICAGO, IL 60608 Paul Cawthon Vice President 312.676.1878 [email protected] Angelo Labriola Vice President 312.676.1870 [email protected] SVN | CHICAGO COMMERCIAL | 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL 60607 OFFERING MEMORANDUM PROPERTY INFORMATION 3 Property Summary Property Description Additional Photos Aerial Photos LOCATION INFORMATION (Halsted & CermaK - 1954)8 Location Maps 2143 S Halsted Retail Map Aerial Map RENT COMPARABLES 12 Average Rental Comps | Apartments DEMOGRAPHICS 14 Demographics Map ADVISOR BIOS 16 Advisor Bio Advisor Bio Resume_Map_File_032918.pdf Back Page 2143-45 S HALSTED STREET | 2145 S HALSTED STREET, CHICAGO, IL 60608 OFFERING MEMORANDUM 1 PROPERTY INFORMATION 2145 S Halsted Street Chicago, IL 60608 2143-45 S HALSTED STREET | 2145 S HALSTED STREET CHICAGO, IL 60608 SVN | Chicago Commercial | Page 3 Property Summary OFFERING SUMMARY PROPERTY OVERVIEW Sale Price: $325,000 1,350 Square foot brick retail building with parking located in Chicago's Pilsen neighborhood. The building is on an oversized lot (4,800 SF) and features prime visibility from Halsted Street and Emerald Street. Lot Size: 4,863 SF In recent years, Pilsen has seen an influx of new restaurants, breweries, boutiques and small businesses making it one of the hottest neighborhoods in the city. Zoning: M1-2 Renovate the building for retail/office with parking or redevelop the lot. Perfect location and building for start up businesses such as fast food, microbrewery, boutique, etc. Market: Chicago Located just one block to the entrance ramp for I-90/94 and I-55 and walking distance to Metra, CTA Orange Line and CTA Red Line.. Submarket: Pilsen PROPERTY HIGHLIGHTS Price / SF: $66.83 • Easy Access to I-55, I-90/94 and I-290 • Over 21,000 VPD at Halsted & Cermak Intersection Real Estate Tax (2016) $7,774.00 • Parking in Rear Alderman | Ward: Patrick Thompson (11) • Excellent Redevelopment Opportunity 2143-45 S HALSTED STREET | 2145 S HALSTED STREET CHICAGO, IL 60608 SVN | Chicago Commercial | Page 4 All SVN® offices are independently owned and operated. Property Description PROPERTY OVERVIEW 1,350 Square foot brick retail building with parking located in Chicago's Pilsen neighborhood. The building is on an oversized lot (4,863SF) and features prime visibility from Halsted Street and Emerald Street. In recent years, Pilsen has seen an influx of new restaurants, breweries, boutiques and small businesses making it one of the hottest neighborhoods in the city. Renovate the building for retail/office with parking or redevelop the lot. Perfect location and building for start up businesses such as fast food, microbrewery, boutique, etc. Located just one block to the entrance ramp for I-90/94 and I-55 and walking distance to Metra, CTA Orange Line and CTA Red Line.. LOCATION OVERVIEW Located in Chicago's Pilsen neighborhood, 2143-45 S Halsted is located just off of the major lighted intersection of Cermak Road and Halsted Street. 21,000 vehicles per day pass through the intersection of Halsted Street and Cermak Road with additional visibility from Emerald Street. Walking distance to the CTA Orange Line, CTA Red Line, Metra BNSF Halsted Stop and across from the Halsted/Cermak Road Bus Stop and it's ease to 3 major expressways makes this a perfect location for many users. 2143-45 S HALSTED STREET | 2145 S HALSTED STREET CHICAGO, IL 60608 SVN | Chicago Commercial | Page 5 All SVN® offices are independently owned and operated. Additional Photos 2143-45 S HALSTED STREET | 2145 S HALSTED STREET CHICAGO, IL 60608 SVN | Chicago Commercial | Page 6 All SVN® offices are independently owned and operated. Aerial Photos 2143-45 S HALSTED STREET | 2145 S HALSTED STREET CHICAGO, IL 60608 SVN | Chicago Commercial | Page 7 All SVN® offices are independently owned and operated. 2 LOCATION INFORMATION 2145 S Halsted Street Chicago, IL 60608 2143-45 S HALSTED STREET | 2145 S HALSTED STREET CHICAGO, IL 60608 SVN | Chicago Commercial | Page 8 Location Maps 2143-45 S HALSTED STREET | 2145 S HALSTED STREET CHICAGO, IL 60608 SVN | Chicago Commercial | Page 9 All SVN® offices are independently owned and operated. 2143 S Halsted Retail Map 2143-45 S HALSTED STREET | 2145 S HALSTED STREET CHICAGO, IL 60608 SVN | Chicago Commercial | Page 10 All SVN® offices are independently owned and operated. Aerial Map 2143-45 S Halsted Street 2143-45 S HALSTED STREET | 2145 S HALSTED STREET CHICAGO, IL 60608 SVN | Chicago Commercial | Page 11 All SVN® offices are independently owned and operated. 3 RENT COMPARABLES 2145 S Halsted Street Chicago, IL 60608 2143-45 S HALSTED STREET | 2145 S HALSTED STREET CHICAGO, IL 60608 SVN | Chicago Commercial | Page 12 Average Rental Comps | Apartments Average Rents by Unit Type (East Vs. West) (WEST) (WEST) (WEST) (WEST) (WEST) (WEST) 2143-45 S HALSTED STREET | 2145 S HALSTED STREET CHICAGO, IL 60608 SVN | Chicago Commercial | Page 13 All SVN® offices are independently owned and operated. 4 DEMOGRAPHICS 2145 S Halsted Street Chicago, IL 60608 2143-45 S HALSTED STREET | 2145 S HALSTED STREET CHICAGO, IL 60608 SVN | Chicago Commercial | Page 14 Demographics Map POPULATION 1 MILE 2 MILES 3 MILES Total population 38,842 150,850 279,033 Median age 35.5 34.1 33.6 Median age (male) 35.7 33.7 33.0 Median age (Female) 36.3 34.8 34.4 HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES Total households 14,520 62,344 120,921 # of persons per HH 2.7 2.4 2.3 Average HH income $54,008 $68,492 $77,666 Average house value $336,043 $363,580 $378,922 * Demographic data derived from 2010 US Census 2143-45 S HALSTED STREET | 2145 S HALSTED STREET CHICAGO, IL 60608 SVN | Chicago Commercial | Page 15 All SVN® offices are independently owned and operated. 4) ADVISOR BIOS 2145 S Halsted Street Chicago, IL 60608 2143-45 S HALSTED STREET | 2145 S HALSTED STREET CHICAGO, IL 60608 SVN | Chicago Commercial | Page 16 Advisor Bio PAUL CAWTHON PROFESSIONAL BACKGROUND Vice President Paul Cawthon serves as a Vice President for SVN | Chicago Commercial. He specializes in multi-family, sale and leasing of retail, as well as commercial development property. The Cawthon- Labriola team are specialists in the Pilsen neighborhood, with 60+ transactions completed in the neighborhood over the past few years. Prior to joining SVN he served as a senior commercial associate with the Chicago office of Inland Real Estate Brokerage, Inc. A business owner for over 15 years, Mr. Cawthon capitalizes on his entrepreneurial skills and experience by offering his clients in-depth analysis of real estate products and financial solutions for their real estate investments. During his extensive real estate career Cawthon has won real estate awards such as the Rookie of the Year award for outstanding sales achievement and Lister of the Year. He has also been featured on the front page of the Chicago Tribune's Sunday Real Estate Section. Mr. Cawthon has participated in many high profile property listings including a portfolio of Class A Lifestyle Retail Centers in the Chicagoland area valuing at over $300 million and a rare redevelopment opportunity in Chicago's Gold Coast area located just off the Magnificent Mile. He has been hired by several municipalities to advise them on redevelopment and attracting retailers to their communities. In 2016, Mr. Cawthon and Angelo Labriola were ranked in the top 7% of all SVN Advisors nationwide. 940 West Adams Street, Suite 200 Chicago, IL 60607 T 312.676.1878 Paul resides with his family in Burr Ridge and in his spare time likes to spend time with his wife, Reda and their two C 630.640.1001 daughters, Sedona and Savanna. [email protected] 2143-45 S HALSTED STREET | 2145 S HALSTED STREET CHICAGO, IL 60608 SVN | Chicago Commercial | Page 17 All SVN® offices are independently owned and operated. Advisor Bio ANGELO LABRIOLA PROFESSIONAL BACKGROUND Vice President Angelo J. Labriola serves as a Vice President for SVN | Chicago Commercial, specializing in the sale of multi-family, mixed-use, development land, retail and industrial property. Throughout his career Labriola has worked towards possessing a well-rounded expertise in all aspects of commercial real estate to better serve his clients. Prior to joining SVN, Mr. Labriola served as a Commercial Associate for Inland Real Estate Brokerage, Inc., a full-service commercial real estate firm based in Oak Brook, IL, and worked out of their satellite sales office located in Chicago, IL. He has participated in many high profile listings, including a portfolio of Class A LifeStyle Retail Centers in the Southwest & Western Suburbs of Chicago, valuing over $300 Million, and a rare redevelopment opportunity in Chicago's Gold Coast at Chicago Ave. & Rush Street, just one block from the Magnificent Mile. Mr. Labriola has been a top producer (ranked in the top 7% of all SVN Advisors nationwide) as well as part of a top producing listing team year over year. His specialties include mixed-use & multi-family assets in the near Loop neighborhoods and, along with business partner Paul Cawthon, they have currently completed over 50 transactions and have multiple more in contract on the horizon. Mr. Labriola has is currently a part of the Chicago Association of Realtors (CAR), the Illinois Association of Realtors (IAR) and the National Association of Realtors (NAR). He earned a B.S. in Finance and a minor in Economics with an emphasis 940 West Adams Street, Suite 200 Chicago, IL 60607 in Real Estate from DePaul University in Chicago, IL. In his spare time Mr. Labriola enjoys the game of soccer and T 312.676.1870 spending time with his wife and family.
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