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1457 N Talman Avenue Chicago, IL 60622 • Multi Unit - Multiple • Contingent

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Description

By-right 8-unit conversion of a striking historic 1892 masonry church in East Humboldt Park. RM-5 zoned, full plans by SPACE Architects, permit pending - move straight into construction at closing. Arched windows, decorative brick corbelling, and a soaring street-facing tower give the 3,000 SF shell a presence new construction can't replicate. Architectural plans call for 6,000 SF net rentable across four (4) one-bed simplex + four (4) two-bed duplex-up units (two 2bd/2ba & two 2bd/1ba), plus addition of 4 surface parking spaces, 8 bicycle spaces, and exterior terraces for select units. Steps from North, Western & Division, near Paseo Boricua's restaurants and shops. Pro forma 7.07 cap rate, 9.69 GRM. Currently vacant.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Sqft: 3,000
County: Cook
Listed By:
Triton Realty Group LLC 312-788-9379
MRED MLS
$950,000
Est. $6,655/mo
3,000sqft
Contingent
BEDS0 BATHS SQUARE FEET3,000 MLS#12724801
STATUSContingent PROPERTY TYPEMulti Unit - Multiple
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Shown By

Susan Rekward
 (319) 430-1701

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1457 N Talman Avenue, Chicago, IL 60622.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $950,000$950,000$950,000
Down Payment $190,000$33,250$237,500
Monthly Mortgage Amount $5,056$6,050$6,207
Taxes $1322$1322$1322
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$570$0
Monthly Estimated Total $6,655$8,219$7,806

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