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2721 W Division Street, Chicago, IL 60622

2721 W Division Street, Chicago, IL 60622
Stable 6-unit mixed-use building in the heart of East Humboldt Park, immediately west of Wicker Park. Entire building was completely gut renovated in 2018. New commercial lease through 11/30/2027 with annual rent increases and one 5-year renewal option. All apartments were gut renovated and feature a mix of 1, 2 and 3 bedroom units, ideal reconfigured layouts, in-unit laundry, central HVAC, hardwood floors throughout, high-end finishes. 2-car parking pad in back. Separately metered utilities and electric panels in-unit. Bundled services plan has been implemented which includes Comcast internet for residents. List price reflects 6.1% in-place cap rate with ability to move apartment rents to 6.60% cap rate. Annual retail rent increases will continue to push the cap rate up. Turnkey investment in a great location.
Sqft6597
Year Built1910

Porperty Highlights

  • Price $1,499,000
  • Property Size 6597 Sqft
  • Property ID 11778548
  • Property Status Expired
  • Year Built 1910
  • Garage Size x x
  • Property Type Apts/Stores, Commercial Sale
  • Cooling Central Air
  • County Cook
  • Property Type Commercial Sale
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Property Features

Luxury Highlights

Luxurious amenities including infinity pools, home theaters, gourmet kitchens, smart home technology, and breathtaking views for an extraordinary lifestyle.

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gallery

Video Highlights

Luxurious amenities including infinity pools, home theaters, gourmet kitchens, smart home technology, and breathtaking views for an extraordinary lifestyle.

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Floor Plans

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Frequently Asked Questions

We provide personalized consultation for purchasing luxury properties, including custom property searches, negotiation assistance, and support throughout the entire acquisition process, including connections with industry professionals such as lawyers and notaries.

You can contact us directly through our contact form or by phone to schedule an appointment with one of our experts. We will evaluate your property and create a customized marketing strategy to ensure you get the best possible return.

Yes, we offer comprehensive property management services for luxury homes, including maintenance, rental management, and oversight of daily operations to ensure your investment is always in top condition.

Purchasing a property in these areas means investing in some of the most prestigious and sought-after locations, offering a unique blend of luxury, security, and high quality of life. These areas are known for their natural beauty, exclusive amenities, and strong property value retention.

Absolutely. We offer detailed and personalized virtual tours for every property, allowing you to explore homes from anywhere in the world. Contact us to schedule a virtual tour appointment.

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2721 W Division Street, Chicago, IL 60622

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