Multifamily Housing - For Sale
1445 North Wieland Street Chicago, IL 60610
Details & Description
Price: $1,585,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 4,000
  • Building Price per Sq Ft $396.25
  • Land Price per Sq Ft $396.25
  • CAP Rate % 5.65
Essex Realty Group, Inc. has been exclusively engaged to market for sale 1445 N. Wieland St., a newer construction 4-unit multi-family property in the heart of Chicago's highly sought-after Old Town neighborhood. The building is comprised of four (4) 2 Bd/2 Ba units and includes three (3) covered parking spaces. Each unit features hardwood floors, stainless steel appliances, granite countertops, dishwasher, built-in microwave, in-unit laundry, central air conditioning, Juliette balconies and private decks.The property is situated on the east side of Wieland Street, just steps from Wells Street, and is conveniently located less than a half-mile from the Sedgwick Brown/Purple Line. Wells Street is recognized as one of Chicago's most lively thoroughfares that has an abundance of trendy restaurants, bars and shops. 1445 N. Wieland St. presents an investor with the opportunity to acquire a well-located asset with long-term rental upside. A new owner has the potential to bring rents to market in the property's current condition. By raising the rents, new ownership may be able to increase the property's income by $125 per unit per month (a 5% increase).
Listing Agents
Abe Eilian

O: 773-305-4882
abeeilian@essexrealtygroup.com
Matt Feo

O: 224-305-4102
mattfeo@essexrealtygroup.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

1445 North Wieland Street

Chicago, IL 60610

Listing ID: 236273
$1,585,000
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 4,000
  • Building Price per Sq Ft $396.25
  • Land Price per Sq Ft $396.25
  • CAP Rate % 5.65
1445 North Wieland Street Chicago, IL 60610 | for Sale | Photo 1
Description

Essex Realty Group, Inc. has been exclusively engaged to market for sale 1445 N. Wieland St., a newer construction 4-unit multi-family property in the heart of Chicago's highly sought-after Old Town neighborhood. The building is comprised of four (4) 2 Bd/2 Ba units and includes three (3) covered parking spaces. Each unit features hardwood floors, stainless steel appliances, granite countertops, dishwasher, built-in microwave, in-unit laundry, central air conditioning, Juliette balconies and private decks.

The property is situated on the east side of Wieland Street, just steps from Wells Street, and is conveniently located less than a half-mile from the Sedgwick Brown/Purple Line. Wells Street is recognized as one of Chicago's most lively thoroughfares that has an abundance of trendy restaurants, bars and shops. 1445 N. Wieland St. presents an investor with the opportunity to acquire a well-located asset with long-term rental upside. A new owner has the potential to bring rents to market in the property's current condition. By raising the rents, new ownership may be able to increase the property's income by $125 per unit per month (a 5% increase).

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Chicago History of Multifamily Housing for Sale

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Chicago Area Market Trends

Listing Demographics for 1445 North Wieland Street Chicago, IL 60610

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population80,520463,639917,908
Population Median Age403736
Population by Age0-9 Yrs4929 (6%)34283 (7%)85635 (9%)
10-19 Yrs4433 (5%)24709 (5%)67181 (7%)
20-29 Yrs20479 (25%)129780 (27%)219422 (23%)
30-39 Yrs17077 (21%)114486 (24%)207713 (22%)
40-49 Yrs7644 (9%)48975 (10%)110564 (12%)
50-59 Yrs7610 (9%)42277 (9%)90498 (9%)
60-69 Yrs8937 (11%)39321 (8%)75541 (8%)
70+ Yrs9411 (11%)29808 (6%)61355 (6%)
Median HH Income$104,287$109,868$87,677
Total Household Income< 24K5955 (13%)30208 (12%)74567 (17%)
25-49K4509 (9%)23272 (9%)58557 (13%)
50-74K5824 (12%)30279 (12%)58977 (13%)
75-99K5781 (12%)29096 (11%)50938 (11%)
100-199K12647 (27%)74963 (30%)116871 (26%)
200K+10889 (23%)57576 (23%)75955 (17%)
Highest Education LevelNo Diploma1465931957556
Diploma or GED36702188179482
Some College64193036677104
Assoc. Degree17891020826288
Bachelors Degree28356157281251458
Higher Degree23668133860198549
Total Housing Units52,876279,148490,568
--Owner-Occupied20,289100,535172,260
--Renter-Occupied25,316144,859263,606
Owner-Occupied Values< 100K31115335067
100-199K972524114872
200-299K31851415230912
300-399K23391649531179
400-499K27071578624819
500K+107754732865412
Total Working Age Population73,185418,118793,734
In Work Force53,724327,661597,305
Not In Work Force19,46190,458196,429
Workforce Employed52,286317,153572,531
Workforce Unemployed1,43810,28224,472
Civlian Workforce53,724327,436597,003
Military Workforce0225302
Total Households45,605245,394435,866
Family Households15,06985,412177,081
Non-Family Households30,536159,982258,785
Married Couple12,58472,376132,631
Other Family2,48513,03644,450
Married w/Child3,32022,50547,410
Single Male w/Child3751,4123,998
Single Female w/Child9243,70015,772

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Illinois12,419,293+312,830,632+1214,316,487+615,138,849
Cook County5,376,741-35,194,675+105,707,832+55,990,243

Total Working Age Population:

Total Households:

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Chicago Midway International Airport (MDW) 10
Chicago O'Hare International Airport (ORD) 15
South Bend Regional Airport (SBN) 69
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