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Offering Memorandum 4025-27 N Elston Ave, Chicago, Il

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Offering Memorandum 4025-27 N Elston Ave, Chicago, Il OFFERING MEMORANDUM 4025-27 N ELSTON AVE, CHICAGO, IL SALE PRICE: $995,000 EXCLUSIVELY OFFERED BY: BECCA LUNDSTROM LARRY COHN 773.329.5298 312.401.8966 [email protected] [email protected] TABLE OF CONTENTS 2 OFFERING SUMMARY ........................................................................................... 3 OFFERING DESCRIPTION ..................................................................................... 4 EXTERIOR PHOTOS .............................................................................................. 5 INTERIOR PHOTOS ............................................................................................... 7 SURVEYS .............................................................................................................. 10 DEMOGRAPHICS ................................................................................................... 11 RETAIL & TRAFFIC ............................................................................................... 12 BECCA LUNDSTROM LARRY COHN 773.329.5298 312.401.8966 [email protected] [email protected] OFFERING SUMMARY 4025-27 N Elston Ave, Chicago, IL 3 AREA SUMMARY Irving Park’s rich history is evident in its parks, manicured neighborhoods and historic homes. Independence Park is one of the neighborhood’s first and one of the city’s finest. The park is home to parades, sports events and concerts. There are beautifully-restored homes and others waiting to be renovated to their previous grandeur. The majority are single- family homes, some converted to duplexes and apartments, providing plenty of options to fit different lifestyles and budgets. Although the Kennedy Expressway cuts directly through the heart of the neighborhood taking many homes and businesses with it, the neighborhood is undergoing a resurgence as it’s discovered by a new generation of Chicagoans. An active historical society has preserved the neighborhood’s 225 N WHITTAKER history and architecture, with some homes dating back as early as the 1870s, including old Victorian homes and classic Chicago-style two-flats. The Villa District, a pocket of the neighborhood, is on the National Register of Historic Places. Several restaurants reflect the neighborhood’s European roots with everything from German, Italian and Irish cuisines to barbeque. There are a handful of theaters and live music lounges but make no mistake, the neighborhood is not a happening scene, it’s home. BECCA LUNDSTROM LARRY COHN 773.329.5298 312.401.8966 [email protected] [email protected] OFFERING DESCRIPTION 4025-27 N Elston Ave, Chicago, IL 4 For Sale: 8,820 square foot, two story, mixed use building with parking located in the Irving Park neighborhood, across from the new Independence Library. 6,000 sq. ft. of ground floor retail space, currently vacant, with high ceilings, open floor plan, ample power, rear overhead door and partial, clean/dry basement. There are four, well maintained, 1 bed/1bath apartments on the second floor with under market, month to month renters. The 3,200 sq. ft. parking lot is located behind the building on a separate pin, with room for approximately 10-12 cars. The building is in overall good condition and has been well maintained. Perfect for owner user, repurpose or redevelopment. BUILDING INFORMATION ADDRESS 4025-27 N. Elston Ave Chicago, Illinois 60618 TAX PINS 13-14-332-009-0000, 13-14-332-040-0000 TAXES $11,170.00, $2,841.00 YEAR BUILT 1910 APARTMENT INCOME $1,800 per month COUNTY Cook BUILDING ZONING C2-2 BUILDING SIZE 8,820 LAND SIZE 9,450 PARKING 10-12 cars BECCA LUNDSTROM LARRY COHN 773.329.5298 312.401.8966 [email protected] [email protected] EXTERIOR PHOTOS 4025-27 N Elston Ave, Chicago, IL 5 BECCA LUNDSTROM LARRY COHN 773.329.5298 312.401.8966 [email protected] [email protected] EXTERIOR PHOTOS 4025-27 N Elston Ave, Chicago, IL 6 BECCA LUNDSTROM LARRY COHN 773.329.5298 312.401.8966 [email protected] [email protected] INTERIOR PHOTOS 4025-27 N Elston Ave, Chicago, IL 7 BECCA LUNDSTROM LARRY COHN 773.329.5298 312.401.8966 [email protected] [email protected] INTERIOR PHOTOS 4025-27 N Elston Ave, Chicago, IL 8 BECCA LUNDSTROM LARRY COHN 773.329.5298 312.401.8966 [email protected] [email protected] INTERIOR PHOTOS 4025-27 N Elston Ave, Chicago, IL 9 BECCA LUNDSTROM LARRY COHN 773.329.5298 312.401.8966 [email protected] [email protected] PLAT OF SURVEY 4025-27 N Elston Ave, Chicago, IL 10 PARKING LOT BUILDING - COMING SOON! BECCA LUNDSTROM LARRY COHN 773.329.5298 312.401.8966 [email protected] [email protected] SUMMARY PROFILE 2000-2010 Census, 2019 Estimates with 2024 Projections Calculated using Weighted Block Centroid from Block Groups DEMOGRAPHICS 4025-27 N Elston Ave, Chicago, IL 11 Lat/Lon: 41.9545/-87.7198 RS1 4025 N Elston Ave 1 mi radius 3 mi radius 5 mi radius Chicago, IL 60618 2019 Estimated Population 0 T 64,937 483,178 1,190,672 2024 Projected Population 0 T 62,783 467,994 1,157,347 2010 Census Population 0 T 66,268 494,335 1,211,502 2000 Census Population 0 T 74,061 529,754 1,294,234 Projected Annual Growth 2019 to 2024 - -0.7% -0.6% -0.6% POPULATION Historical Annual Growth 2000 to 2019 - -0.6% -0.5% -0.4% 2019 Median Age 33.7 34.3 35.1 2019 Estimated Households 0 T 24,513 189,924 507,089 2024 Projected Households 0 T 24,541 189,920 508,715 2010 Census Households 0 T 23,779 184,576 489,686 2000 Census Households 0 T 24,713 187,496 502,412 Projected Annual Growth 2019 to 2024 - - - - HOUSEHOLDS Historical Annual Growth 2000 to 2019 - - - - 2019 Estimated White - 55.4% 60.3% 58.8% 2019 Estimated Black or African American - 5.7% 5.7% 13.6% 2019 Estimated Asian or Pacific Islander - 9.6% 9.1% 9.2% SITE 2019 Estimated American Indian or Native Alaskan - 0.8% 0.7% 0.5% - 28.6% 24.2% 17.9% RACE AND RACE ETHNICITY 2019 Estimated Other Races 2019 Estimated Hispanic - 51.8% 44.6% 32.5% 2019 Estimated Average Household Income $0 T $84,232 $99,590 $97,807 2019 Estimated Median Household Income $0 T $65,713 $74,257 $73,381 INCOME 2019 Estimated Per Capita Income $0 T $31,821 $39,194 $41,756 2019 Estimated Elementary (Grade Level 0 to 8) - 11.2% 9.3% 7.3% 2019 Estimated Some High School (Grade Level 9 to 11) - 6.2% 6.3% 6.0% 2019 Estimated High School Graduate - 22.6% 20.6% 19.8% This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty. representation without is provided herein The information reliable. to be sources deemed government and private from using data produced was report This 2019 Estimated Some College - 17.0% 14.8% 14.9% 2019 Estimated Associates Degree Only - 5.7% 5.4% 5.3% (AGE 25+) EDUCATION 2019 Estimated Bachelors Degree Only - 24.5% 27.4% 28.9% 2019 Estimated Graduate Degree - 12.9% 16.2% 17.8% 2019 Estimated Total Businesses 0 T 1,602 15,038 38,116 2019 Estimated Total Employees 0 T 11,298 128,797 351,783 2019 Estimated Employee Population per Business - 7.1 8.6 9.2 BUSINESS 2019 Estimated Residential Population per Business - 40.5 32.1 31.2 ©2019, Sites USA, Chandler, Arizona, 480-491-1112 page 1 of 1 Demographic Source: Applied Geographic Solutions 4/2019, TIGER Geography BECCA LUNDSTROM LARRY COHN 773.329.5298 312.401.8966 [email protected] [email protected] RETAIL & TRAFFIC 4025-27 N Elston Ave, Chicago, IL 12 SITE BECCA LUNDSTROM LARRY COHN 773.329.5298 312.401.8966 [email protected] [email protected].
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