Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications

Interra Realty brokers Pilsen mixed-use property for $3.1M

August 28, 2017
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Interra Realty closed on a 13-unit mixed-use property at 1157 W. 18th St. for $3.1 million in Chicago’s Pilsen neighborhood.

Interra brokers Jeremy Morton and Ted Stratman represented both the buyer and the seller in the deal. The sale was the second highest price-per-unit sale in Pilsen history at $238,462 per unit. The closing price represents a 7.6 percent cap rate and gross rent multiple of 10.23.

The property is located at 1157 W. 18th Street and has 12 high end gut-rehabbed residential units and one street level retail space. The 2016 renovation of the building includes all new kitchens and baths with quartz counter tops and custom reclaimed wood framed islands. Other improvements include all new windows, plumbing, electrical, roof and new retail storefront with cast iron details.

The 2,300-square-foot retail space has a new exterior, large windows, exposed brick walls, high ceilings and access to additional basement storage.

Tags
ChicagoIllinoisMixed-usemultifamilyPilsenretail
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
WisconsinCRE

Wisconsin’s Boldt Company hires CIO

September 29, 2023
TexasOffice

KBS & Transwestern sign 38,000 square feet with two regional firms at Class A office in Dallas

September 29, 2023
IowaNet LeaseRetail

Marcus & Millichap negotiates sale of Dollar General in Iowa

September 29, 2023
IllinoisCRE

RECAP: 2023 Goldie Gala

September 29, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com