PILSEN COMMERCIAL CONDO 1609 S HALSTED STREET CHICAGO, IL 60608 Angelo Labriola Vice President 312.676.1870 [email protected] Paul Cawthon Vice President 312.676.1878 [email protected] SVN | CHICAGO COMMERCIAL | 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL 60607 SALE BROCHURE Property Summary OFFERING SUMMARY PROPERTY OVERVIEW Sale Price: $239,000 1,257 SF retail/office condo built in 2007 in desirable Pilsen neighborhood of Chicago. The subject property has great window visibility along Halsted Street and is currently rented to a well-established dog care & wash business, Soggy Cap Rate: 9.43% Paws. In recent years Pilsen has seen an influx of new restaurants, breweries, boutiques and small businesses making it one of NOI: $22,530 the hottest neighborhoods in the City and recently named by Forbes as one of the Hottest Neighborhoods in the World. Year Built: 2007 PROPERTY HIGHLIGHTS Building Size: 1,257 SF • Retail/Office Condo • Fantastic Window Visibility Zoning: B3-3 • In-Place Established Tenant Market: Chicago • Newer Construction Submarket: Pilsen Price / SF: $190.14 PILSEN COMMERCIAL CONDO | 1609 S HALSTED STREET CHICAGO, IL 60608 SVN | Chicago Commercial | Page 2 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Additional Photos PILSEN COMMERCIAL CONDO | 1609 S HALSTED STREET CHICAGO, IL 60608 SVN | Chicago Commercial | Page 3 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Initial Floor Plan PILSEN COMMERCIAL CONDO | 1609 S HALSTED STREET CHICAGO, IL 60608 SVN | Chicago Commercial | Page 4 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Location Maps PILSEN COMMERCIAL CONDO | 1609 S HALSTED STREET CHICAGO, IL 60608 SVN | Chicago Commercial | Page 5 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Retailer Map PILSEN COMMERCIAL CONDO | 1609 S HALSTED STREET CHICAGO, IL 60608 SVN | Chicago Commercial | Page 6 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Financial Summary INVESTMENT OVERVIEW CURRENT OPERATING Price $239,000 Price per SF $190.14 CAP Rate 9.4% Cash-on-Cash Return (yr 1) 18.2 % Total Return (yr 1) $14,991 Debt Coverage Ratio 1.93 OPERATING DATA CURRENT OPERATING Gross Scheduled Income $33,600 Other Income $0 Total Scheduled Income $33,600 Vacancy Cost $0 Gross Income $33,600 Operating Expenses $11,069 Net Operating Income $22,530 Pre-Tax Cash Flow $10,877 FINANCING DATA CURRENT OPERATING Down Payment $59,750 Loan Amount $179,250 Debt Service $11,653 Debt Service Monthly $971 Principal Reduction (yr 1) $4,114 PILSEN COMMERCIAL CONDO | 1609 S HALSTED STREET CHICAGO, IL 60608 SVN | Chicago Commercial | Page 7 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Income & Expenses INCOME SUMMARY CURRENT OPERATING PER SF Rental Income $33,600 $26.73 Gross Income $33,600 $26.73 EXPENSE SUMMARY CURRENT OPERATING PER SF R/E Taxes (2018) $8,041 $6.40 Assessments $2,678 $2.13 Insurance $350 $0.28 Gross Expenses $11,069 $8.81 Net Operating Income $22,530 $17.92 PILSEN COMMERCIAL CONDO | 1609 S HALSTED STREET CHICAGO, IL 60608 SVN | Chicago Commercial | Page 8 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Soggy Paws Grooming Boutique TENANT HIGHLIGHTS • Business Established in 2016 • Long-Standing Client Base • Highly Reviewed on Google, Yelp, Etc. • Exercised First 2-Year Option (Would Like to Stay) • On One-Year Extension Through 12/31/2020 • Yelp Reviews: 4.5 out of 5 Stars • Google Reviews: 4.7 out of 5 Stars • www.spgroomingboutique.com PILSEN COMMERCIAL CONDO | 1609 S HALSTED STREET CHICAGO, IL 60608 SVN | Chicago Commercial | Page 9 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. Demographics Map POPULATION 1 MILE 2 MILES 3 MILES Total population 30,702 150,863 302,078 Median age 33.0 33.7 33.6 Median age (Male) 33.9 33.6 33.3 Median age (Female) 32.8 34.2 34.2 HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES Total households 11,848 65,377 137,278 # of persons per HH 2.6 2.3 2.2 Average HH income $63,553 $75,657 $84,074 Average house value $423,394 $376,479 $404,143 * Demographic data derived from 2010 US Census PILSEN COMMERCIAL CONDO | 1609 S HALSTED STREET CHICAGO, IL 60608 SVN | Chicago Commercial | Page 10 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. SVN Real Estate Team MEET THE TEAM Angelo Labriola Paul Cawthon Vice President Vice President Angelo Labriola serves as a Vice President for SVN | Chicago Commercial, Paul Cawthon serves as a Vice President for SVN | Chicago Commercial. He specializing in the sale of multi-family, mixed-use, development land, retail and specializes in multi-family, sale and leasing of retail, as well as commercial industrial property. The Cawthon-Labriola team are specialists in the Pilsen development property. The Cawthon- Labriola team are specialists in the Pilsen neighborhood, with 90+ transactions completed in the neighborhood. neighborhood, with 90+ transactions completed in the neighborhood. Prior to joining SVN he served as a commercial associate with the Chicago office of Prior to joining SVN he served as a senior commercial associate with the Chicago Biography Inland Real Estate Brokerage, Inc. During his career Labriola has won numerous office of Inland Real Estate Brokerage, Inc. A business owner for over 15 years, Mr. real estate awards for his achievements, both in-office and through the Chicago Cawthon capitalizes on his entrepreneurial skills and experience by offering his Association of Realtors. Mr Labriola & Paul Cawthon of the Cawthon-Labriola group clients in-depth analysis of real estate products and financial solutions for their of SVN | Chicago Commercial have been ranked in the top 7% of all SVN Advisors real estate investments. During his extensive real estate career Cawthon has won internationally in 2016, 2017, & 2018. numerous real estate awards for his achievements. Mr. Cawthon and Angelo Labriola of the Cawthon-Labriola Group of SVN | Chicago Commercial have been Mr. Labriola has is currently a part of the Chicago Association of Realtors (CAR), the ranked in the top 7% of all SVN Advisors internationally in 2016, 2017 and 2018. 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 in Real Paul resides with his family in Burr Ridge and in his spare time likes to spend time Estate from DePaul University in Chicago, IL. with his wife, Reda and their two daughters, Sedona and Savanna. Mr. Labriola currently resides in Oak Park, enjoys the game of soccer, and spends as much of his spare time as he can with his wife, two children, and his dog. [email protected] [email protected] 312.676.1870 312.676.1878 PILSEN COMMERCIAL CONDO | 1609 S HALSTED STREET CHICAGO, IL 60608 SVN | Chicago Commercial | Page 11 The information presented here is deemed to be accurate, but it has not been independently verified. eW make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated. S Wood St Wood S 57 33 84 34 2 68 69 5 1 83 82 37 38 12 11 51 9 7 73 58 3 65 66 47 10 8 74 6 72 14 13 75 26 25 45 4 31 67 28 27 59 36 88 41 89 29 81 35 55 30 32 44 39 56 48 40 17 16 15 85 50 64 53 87 18 19 63 21 86 242322 71 70 79 92 80 90 54 76 77 42 52 20 62 49 78 46 43 93 91 CHICAGO COMMERCIAL CLICK HERE FOR FULL RESUME OF ALL 93 DEALS CAWTHON LABRIOLA GROUP LIST OF COMPLETED TRANSACTIONS 1) 1040 W 18th Street 36) 2133 W 19th Street 68) 1702 S Morgan Street 2) 1044 W