14 S Leavitt Street, Chicago, IL 60612
sale
$1,850,000
|
Other
Courtesy Of Keller Williams Chicago ONEChicago
Rare opportunity to find a newer construction apartment building at this price point with upside opportunity. This impressive 7-unit property, originally built as condos in 2004, offers an attractive real estate investment in a prime location. This solid brick and block construction building features elevator service to all floors. The building consists of six spacious 2-bedroom, 2-bathroom units and 1 store front (or 7th apt) and 6 attached garage spaces. The 7th unit features a separate entrance from the sidewalk, making it ideal for a small business office space or short-term rental. Located on the Near West Side of Chicago, walking distance to the United Center Arena, Madison St bus lines, Illinois Medical District, and expressways. Tenants will love the easy commutes and convenient access to amenities, entertainment, and transportation. Rents are considerably below market and present the opportunity to increase cash flow and ultimately property value, with new leases. We project an NOI of $143,006 and corresponding CAP rate of 7.7 when new rents are put in place. With its newer construction, prime location, feature-rich units, and the potential for future rent growth & value enhancement, this 7-unit apartment building represents a solid investment choice. Call today.
Read More About This Property
Read Less About This Property
Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: 21-30 Years Old
- Architecture Style: Other
- Building Units: 7
- Cooling System: Central Air
- MLSID: 12470440
Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
You may also be interested in...
sale
$2,400,000
Mixed Use
2401 W Lawrence Avenue
Chicago, IL 60625
Building: 11,805 sq. ft.
Courtesy Of A.R.E. Partners
sale
$2,400,000
Other
3705 W Grand Avenue
Chicago, IL 60651
Building: 19,997 sq. ft.
Courtesy Of eXp Realty, LLC
sale
$2,350,000
Other
3210 W Lawrence Avenue
Chicago, IL 60625
Building: 11,900 sq. ft.
Courtesy Of Jameson Real Estate LLC
sale
$2,349,200
Single Family Detached
1618-22 N Throop Street
Chicago, IL 60642
Building: 10,000 sq. ft.
Courtesy Of Dream Town Realty