1935 S Canalport

New construction 5 unit 7+ capper in pocket of hot East Pilsen that’s about to explode. All units leased with gross rent roll of $16,1400 annual offering a 11.2 multiplier (grm). There are four jumbo 2,000 sf 3-bed luxury apartments and one storefront. The apartments are finished to condo quality: quartz counters, stainless steel appliances, full laundry in each unit, upgraded trim & window package, 4+ parking spaces. Roof view and access for penthouse units. Non-penthouse units have balconies.

Compare this mid 11 annualized multiplier to the other used and older rehab competition. Beyond the cash flow there is the appreciation. This location in River’s Edge of East Pilsen is 100 yards away from a multi-building planned unit development of 320+ residential units and a mid-rise retail complex. In addition this part of east Pilsen has over 12 scattered residential new construction projects east of the expressway (within blocks). The newly announced Radius live music venue to open in 2020 lies a few blocks south on Cermak. Walk across the 18th St bridge on foot to the South Loop or walk up to Roosevelt to Whole Foods, Icon Theatres and the whole shopping district of the Roosevelt cooridor. Jump on i90-94 or I55 in moments. Take the Metra, buses, and trains — all nearby in Pilsen.