HOT – Wicker Park – Brick 9-Unit

2606 - 2608 Le Moyne St. Chicago IL 60622
  • $1,850,000
  • $205,555
  • / Unit

HOT – Wicker Park – Brick 9-Unit

2606 - 2608 Le Moyne St. Chicago IL 60622
Yearly Income $179,484
Yearly Expenses $84,042
Current Rents $179,484
Pro Forma Rents $222,660
  • 21
  • Bedrooms
  • 9
  • Bathrooms
  • 3800
  • Sq Ft
  • 1914
  • Year Built
  • 100%
  • Occupancy
  • 21
  • Parking
  • 3
  • Stories
  • Forced Air
  • Heating System
  • Window Units
  • Cooling System
  • Common, Paid
  • Laundry
  • 21
  • Bedrooms
  • 9
  • Bathrooms
  • 3800
  • Sq Ft
  • 1914
  • Year Built
  • 100%
  • Occupancy
  • 21
  • Parking
  • 3
  • Stories
  • Forced Air
  • Heating System
  • Forced Air
  • Cooling System
  • Common, Paid
  • Laundry

About the property

The building contains 9 spacious units consisting of three 3-bedroom/1 bath units and six 2-bedroom/1 bath units. Each unit has been meticulously updated to modern design, boasting features such as FRESH PAINT, RENOVATED BATHROOMS, CERAMIC TILE AND BEAUTIFULLY STAINED WOOD FLOORING. Each apartment also has rear balcony access. Furthermore, each unit has it’s own gas & electricity meter with tenant paying expenses for each thus making this building more efficient from a cost perspective. This building has been cared for, is CHA compliant, is already a cash cow with room to increase income.

The major VALUE ADD POTENTIAL with the building is that Each unit is separately pinned as they are individual condominiums. If the right buyer were to de-convert the units into 1 pin, the cost savings on taxes per year alone over $20,000 (in comparison to other buildings that have sold nearby) thus VASTLY INCREASE NOI & OVERALL VALUE SUBSTANTIALLY!! Seller has successfully de-converted another asset in the same manner.

About the neighbourhood

  • Wicker Park is a vibrant and popular neighborhood located in the West Side of Chicago, Illinois. This beautiful area is skown for its unique blend of art, culture, and a diverse community as well as its artistic and creative atmosphere. The neighborhood is home to numerous art galleries, theaters, and music venues, making it a hub for local artists and musicians. You'll often find street art, murals, and public art installations throughout the area.Considered by many as a foodie's paradise, Wicker Park is lined with a wide range of dining options, from trendy coffee shops and gourmet bakeries to bars and restaurants offering diverse cuisines. The neighborhood's nightlife scene is bustling, with numerous bars, clubs, and live music venues, making it a popular spot for those seeking entertainment after dark.Wicker Park is very well-connected to the rest of Chicago via public transportation, including the CTA's Blue Line, which provides easy access to the city's downtown and other neighborhoods.

Property Documents

Rent Roll
Expenses & Utility Table
PCR
Sales Comps

Property Financials

View current and future return metrics based on customizable inputs. "Annual Net Income", "Monthly Cash Flow", "Cash on Cash Return", "Equity Value", and "Equity Multiple" are based off of the "Year 2 Pro Forma" column inputs.

Property Current

This column shows the current financial state of the subject property. Some of these inputs may be estimations.

Year 2 Pro Forma

This column is based off of market rents and assumes proper property performance.

Debt Service

This column allows the user to add custom financing scenarios.

Mortgage Calculator

Monthly
  • Down Payment
  • Loan Amount
  • Monthly Mortgage Payment
  • Monthly Property Tax
  • Monthly Property Insurance
  • Monthly HOA Fees
$
%
%
$
$
$

Walkscore

Nearby

Arts & Entertainment
Richard's Fabulous Finds (0.11 mi)
Exceptional 45 reviews
Black Box Acting (0.12 mi)
Exceptional 19 reviews
Illumination Art & Design (0.14 mi)
Exceptional 2 reviews
Education
Black Box Acting (0.12 mi)
Exceptional 19 reviews
Naveen's Cuisine (0.14 mi)
Exceptional 436 reviews
Wise Owl Daycare (0.24 mi)
Good 2 reviews
Food
1492 Cuban Fusion (0.1 mi)
Exceptional 263 reviews
Bárbaro Taquería (0.12 mi)
Exceptional 173 reviews
Cafe Pachuca (0.13 mi)
Exceptional 15 reviews
Health & Medical
Glamour Dungeon (0.1 mi)
Exceptional 1 reviews
Northwestern Dental Clinic (0.13 mi)
Average 6 reviews
Vivid Physical Therapy (0.15 mi)
Exceptional 4 reviews

Contact Information

Phu Nguyen
  • Phu Nguyen

Enquire About This Property

Similar Listings

Compare listings

Compare
Phu Nguyen
  • Phu Nguyen
Property Pricing

Based on Citypoint’s communication with the seller, the price point listed is a price that the seller should be willing to transact at. Any terms for, or against, the seller can help/hurt this price level.

Many sellers have loan balances that need to be paid off at closing. If the seller’s net proceeds after commissions, taxes, closing fees, rent credits, security deposit credits, etc fall below their current loan balance the price will most likely be denied by the seller.

Bid prices are subject to final seller confirmation. Seller confirmation is subject to a final buyer and seller signed contract.

Multiple bids from multiple parties may exist.

Reserve property

Fill out Citypoint’s Reserve Property Form below. When complete a Citypoint representative will contact you to finalize the reservation.

OFF MARKET
INVENTORY

Fill out the application below to receive access to our off-market inventory & alerts on new off-market properties.

Why do I need to complete an investor application?

Many of our sellers choose to work with Citypoint due to the discretion provided when listing their property. They prefer not to alert tenants and/or neighbors that the property is being sold.​

They also trust Citypoint in bringing qualified investors that are ready, willing and able to buy properties. This ensures an efficient transaction process for both the buyer and the seller.

Already working with a Citypoint team member? No problem! Contact your team member to receive the most up to date off-market inventory.

Contact Us

Fill out Citypoint’s Contact Form below. When complete a Citypoint representative will contact you to answer your questions.