555 Jackson BlvdChicago, IL 60661

Property Details for 555 Jackson Blvd

Year built

2002

Lot size

0.20 AC

Property type

Office properties

Property subtype

Other office properties

APN

17-16-119-067-1002

APU

17161190671002

Description

This exceptional 7-story, 30,000-square-foot multifamily property, with hotel-style amenities, is ideally situated at 555 W Jackson Blvd in Chicago, IL, 60661. Boasting 51 brand-new, fully furnished, loft-style apartments with 11-foot ceilings and windows on three sides, this building offers abundant natural light. The property includes 16 gated parking spaces and a fitness center. A significant advantage is its location adjacent to Lou Mitchell's, a nationally registered historic landmark, ensuring no future development can obstruct its views or access. The property features a 6.00% cap rate and a net operating income (NOI) of $1,027,502, with an asking price of $17,900,000 ($574.30/sq ft). The property is comprised of multiple APNs: 17-16-119-067-1001

• CAP approach

  CAP return

  Valuation

  6%

  $2,798,824

  6.5%

  $2,583,530

  7%

  $2,398,992

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,134,347

  Geo Method

  $1,134,347

• Alternative Use

  Use

  Valuation

  Residential

  $3,203,578

  Hospitality

  $2,934,460

  Educational

  $2,441,436

  Medical

  $2,525,401

  Retail

  $3,797,790

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8778

Longitude

-87.642

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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