BUCKTOWN | ARMITAGE & LEAVITT FOR SALE | 2000 N Leavitt St, Chicago, IL 60647
Broker Information
Chicago Real Estate Resources, Inc. 205 N. Michigan Ave Suite #2950Chicago Illinois 60601 773-327-9300 www.CRER.com
No warrenty or representation, excpressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
Steven [email protected]
CONFIDENTIALITY AGREEMENT
All materials and information received or derived from Chicago Real Estate Resources, Inc. (CRER), its directors, offi cers, agents, advisors, affi liates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, fi nancial performance of the property, projected fi nancial performance of the property for any party’s intended use or any and all other matters.
Neither Chicago Real Estate Resources, Inc. (CRER), its directors, offi cers, agents, advisors, or affi liates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of signifi cance to such party. Chicago Real Estate Resources, Inc. (CRER) will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All fi nancial data should be verifi ed by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Chicago Real Estate Resources, Inc. (CRER) makes no warranties and/or representations regarding the veracity, completeness, or relevance of any fi nancial data or assumptions. Chicago Real Estate Resources, Inc. (CRER) does not serve as a fi nancial advisor to any party regarding any proposed transaction. All data and assumptions regarding fi nancial performance, including that used for fi nancial modeling purposes, may diff er from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property.
Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certifi ed public accountant or tax attorney. Title questions should be discussed by the party with a title offi cer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Chicago Real Estate Resources, Inc. (CRER) in compliance with all applicable fair housing and equal opportunity laws.
BUCKTOWN | ARMITAGE & LEAVITT FOR SALE | 2000 N Leavitt St, Chicago, IL 60647
No warrenty or representation, excpressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
PROPERTY OVERVIEW
Ideal property for either owner operator or investor. The building is 4,800 sf with 2,400 sf of first floor retail and a 2,400 sf (4) bedroom (2) bathroom apartment on the second floor. Potential to add value by subdividing the second floor to create two units. The building is currently owner occupied and can be delivered vacant at closing.
This offering provides buyers the opportunity to purchase a unique property in the heart of the affluent Bucktown neighborhood of Chicago. Within a one-mile radius, the population count is over 51,000 with an average household income in excess of $130,000 annually. The average daily traffic count along Armitage Ave is 15,400.
OWNER OPERATOR | BENEFITS OF OWNERSHIP
• Build equity by owning rather than renting
• Hedge against inflation and rising rental rates
• Enjoy the tax advantages of real estate ownership
• Establish a fixed location for your business without the worryof being relocated by a landlord
• Take advantage of low interest rates and favorable SBA loanterms
• Occupancy one unit and let the rent from a tenantsupplement your operating expenses
INVESTMENT HIGHLIGHTS
• Lease up the building AS IS and achieve:o 8.02% cap rateo 15% cash on cash returno 20% Y1 total return
• Complete value add renovations to boost returns andcreate sweat equity
• Talk to your architect about the potential to add value bysubdividing the second floor to create two units
BUCKTOWN | ARMITAGE & LEAVITT FOR SALE | 2000 N Leavitt St, Chicago, IL 60647
Asking Price: $875,000
Site size 2,420 sf
Building size: 4,800 sf
Taxes (2018) $15,947
Zoning B1-2
PIN#: 14-31-137-046-0000
Click here for Virtual Tour of The Property | or go to: bit.ly/2000leavitt
PROPERTY PHOTOS
No warrenty or representation, excpressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
BUCKTOWN | ARMITAGE & LEAVITT FOR SALE | 2000 N Leavitt St, Chicago, IL 60647
PROPERTY PHOTOS
No warrenty or representation, excpressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
BUCKTOWN | ARMITAGE & LEAVITT FOR SALE | 2000 N Leavitt St, Chicago, IL 60647
PROPERTY FLOOR PLAN
BUCKTOWN | ARMITAGE & LEAVITT FOR SALE | 2000 N Leavitt St, Chicago, IL 60647
No warrenty or representation, excpressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
First floor retail floor plan
No warrenty or representation, excpressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
PROPERTY FLOOR PLAN
BUCKTOWN | ARMITAGE & LEAVITT FOR SALE | 2000 N Leavitt St, Chicago, IL 60647
Second floor apartment floor plan
No warrenty or representation, excpressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
PROPERTY FLOOR PLAN
BUCKTOWN | ARMITAGE & LEAVITT FOR SALE | 2000 N Leavitt St, Chicago, IL 60647
Basement floor plan
No warrenty or representation, excpressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
PROPERTY FLOOR PLAN
BUCKTOWN | ARMITAGE & LEAVITT FOR SALE | 2000 N Leavitt St, Chicago, IL 60647
Building overview floor plan
No warrenty or representation, excpressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
BUCKTOWN | ARMITAGE & LEAVITT FOR SALE | 2000 N Leavitt St, Chicago, IL 60647
SURVEY
No warrenty or representation, excpressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
BUCKTOWN | ARMITAGE & LEAVITT FOR SALE | 2000 N Leavitt St, Chicago, IL 60647
AREA RETAIL MAP
7/11
COAST SUSHI
TOAST
THE ROAL GROCER
SUBJECT PROPERTY
STARBUCKS
MAP ROOM
LE BOUCHON
PNC BANK
CHIPOTLE
CLUB MONACO
NIKE TOWN LULULEMON
POTBELLY
THE ROBEY
WALLGREENS
BIG STAR
TOM’S
SMALL CHEVAL
TRIANGLE SQUARE’
No warrenty or representation, excpressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
BUCKTOWN | ARMITAGE & LEAVITT FOR SALE | 2000 N Leavitt St, Chicago, IL 60647
ABOUT THE NEIGHBORHOOD
Bucktown is a neighborhood located in the east of the Logan Square community area in Chicago, directly north of Wicker Park, and northwest of the Loop.
Bucktown has a signifi cant shopping district on Damen Avenue, extending north from North Avenue (in Wicker Park) to Webster Avenue. The neighborhood is readily accessible via the Blue Line and has multiple access points to the elevated Bloomingdale Trail, also known as the 606.
Bucktown gets its name from the large number of goats raised in the neighborhood during the 19th century when it was an integral part of the city‘s famed Polish Downtown. The original Polish term for the neighborhood was Kozie Prery (Goat Prairie). Its boundaries are Fullerton Avenue to the north, Western Avenue to the west, Bloomingdale or North Avenue to the south, and the Kennedy Expressway to the east. Bucktown‘s original boundaries were Fullerton Avenue, Damen Avenue (formerly Robey Street), Armitage Avenue and Western Avenue.
Bucktown is primarily residential, with a mix of older single family homes, new builds with edgy architecture, and converted industrial loft spaces. Horween Leather Company has been on North Elston Avenue in Bucktown since 1920. The neighborhood‘s origins are rooted in the Polish working class, which fi rst began to settle in the area in the 1830s.
A large infl ux of Germans began in 1848 and in 1854 led to the establishment of the town of Holstein, which was eventually annexed into Chicago in 1863. In the 1890s and 1900s, immigration from Poland, the annexation of Jeff erson Township into Chicago and the completion of the Logan Square Branch of the Metropolitan Elevated Lines contributed to the rapid increase in Bucktown‘s population density. Three of the city‘s most opulent churches designed in the so-called "Polish Cathedral style" - St. Hedwig‘s, the former Cathedral of All Saints and St. Mary of the Angels - date from this era.
No warrenty or representation, excpressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
BUCKTOWN | ARMITAGE & LEAVITT FOR SALE | 2000 N Leavitt St, Chicago, IL 60647
DEMOGRAPHICS
No warrenty or representation, excpressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
BUCKTOWN | ARMITAGE & LEAVITT FOR SALE | 2000 N Leavitt St, Chicago, IL 60647
Population 1 Mile 3 Miles 5 Miles 10 Miles 10 Min. Drive
Pipulation 51,608 552,562 1,180,906 2,595,368 472,883
Median Age 35 35 35 36 34
White / Black / Hispanic 86% / 5% / 29% 79% / 11% / 27% 70% / 18% / 30% 69% / 19% / 33% 80% / 9% / 29%
Employment 25,403 267,088 1,056,071 1,561,283 285,988
Buying Power $2.3B $21.6B $36.4B $61.8B $19.6B
Household 1 Mile 3 Miles 5 Miles 10 Miles 10 Min. Drive
Households 23,074 261,258 517,489 1,015,883 214,500
Median Household Income $101,764 $82,709 $70,362 $60,877 $91,542
Average Household Income $130,702 $111,643 $98,998 $86,980 $120,897
DEMOGRAPHICS
No warrenty or representation, excpressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
BUCKTOWN | ARMITAGE & LEAVITT FOR SALE | 2000 N Leavitt St, Chicago, IL 60647
LISTING BROKER INFORMATION
LISTING BROKER INFORMATION
STEVEN RAPOPORT, CCIM COMMERCIAL BROKER 847-863-2707 [email protected]
Chicago Real Estate Resources, Inc.205 N. Michigan Avenue Suite # 2950Chicago Illinois 60601
www.CRER.com
As a broker with Chicago Real Estate Resources and lifelong resident of the Chicago area, Steven has completed over 375 real estate sales and leasing transactions over the last 10 years. His primary focus is listing mid-market investment properties in the City of Chicago ranging in value from $500,000 to $5,000,000.
Steven earned recognition as a designated Certified Commercial Investment Member (CCIM). The CCIM designation is the industry’s most prestigious Commercial Real Estate certifi cation with a high caliber curriculum and experience requirement that has been met by only 6% of commercial practitioners nationwide. As a testament to the exclusivity of this designation within a 20-mile radius of downtown Chicago, there are currently only 55 commercial Real Estate Brokers holding the CCIM designation. CCIM members successfully complete thousands of transactions annually, representing more than $200 billion in value.
For the past six consecutive years Steven was recognized as an elite top producer by Commercial Forum a division of the Chicago Association of Realtors. There are over 2,700 members eligible for these awards and only 2% are able to produce the high volume of sales to rank as one of the best Chicagoland Commercial Brokers for the year.
Early in his career, Steven worked as a licensed Real Estate Appraiser where he appraised multi-family, commercial, industrial, office, mixed-use, retail, vacant land, and residential properties throughout the Chicago area. The insight and connections obtained by his time working as a real estate appraiser have has proven to be a valuable resource for helping his commercial brokerage clients achieve goals.
Prior to his career in real estate, Steven earned his BA degree from the University of Iowa. Steven maintains active membership as a CCIM, National Association of Realtors & Chicago Association of Realtors.
Chicago Real Estate Resources | CRERSteven Rapoport, CCIM
LISTING BROKER INFORMATION
Steven Rapoport, CCIM
COMMERCIAL BROKER
847-863-2707 [email protected]
Chicago Real Estate Resources, Inc. 205 N. Michigan Avenue | Suite # 2950 | Chicago Illinois 60601 | www.CRER.com
My ProfileActive Listings &Closed Transactions
BROKER INFORMATION
OVER $2 BILLION IN ALL TIME CRER CLOSED TRANSACTIONS
Recent Transactions:
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
Chicago Real Estate Resources | CRERSteven Rapoport, CCIM
BROKER INFORMATION
Chicago Real Estate Resources, Inc.205 N. Michigan Avenue Suite # 2950
Chicago Illinois 60601773-327-9300 CRER.com
Steven Rapoport, CCIMCell: [email protected]
BROKER INFORMATION
No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and some submitted subject to error and omission.
BUCKTOWN | ARMITAGE & LEAVITT FOR SALE | 2000 N Leavitt St, Chicago, IL 60647
