Multifamily Housing
1445 North Wieland Street Chicago, IL 60610
Details & Description
Price: $1,585,000
    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
    1445 North Wieland Street Chicago, IL 60610 | for Sale | Photo 1
    Building Size: 4,000 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $396.25
    Land $/SF: $396.25
    Price
    $1,585,000
    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:

    Total Households:

    Total Working Age Population:

    Total Households:

    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.

    Common Questions and Answers

    What is the asking price for 1445 North Wieland Street in Chicago?
    The asking price for 1445 North Wieland Street is $1,585,000
    What is the building size of this Multifamily property in Chicago, IL?
    The size of the building/unit at 1445 North Wieland Street in Chicago is 4,000 square feet
    What is the population within 1 mile of 1445 North Wieland Street in Chicago?
    The population within 1 mile of 1445 North Wieland Street Chicago, IL 60610 is 80,520 people.
    Who do I contact for questions about 1445 North Wieland Street?
    You should contact the listing agent, Abe Eilian, for any details regarding this commercial listing.

    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
    Price
    $1,585,000
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