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1810-1820 N Wells St
Chicago, IL 60614 Lincoln Park

$17,250,000 USD

Apartments For Sale  •  22,771 SF

Property Details

  • Property Type Apartments
  • Total Building Size 22,771 SF
  • Lot Size 0.41 AC
  • Building Class B
  • Year Built 1908
  • Cap Rate 5.15 %
  • Zoning B2-2
77 Transit Score
95 Walk Score

Highlights

18 - unit boutique apt. bldg in heart of Lincoln Park area of Chicago, IL
Complete renovation 2024 - 100% occupied at $4,23 psf occupied rents
Class A amendities and design - unique floor plans - loft style with exposed brick
Chicagos's most vibrant area - 1,200 acrea park, lakefront, shopping, gourment dining and cultural institutions
Verticle subdivison above 6,001 sf retail - available but not included - see listing agennt for details

Financial Summary (Proforma)

Net Operating Income: $887,745 USD (2024)
Cap Rate: 5.15 %
Total Expenses: $307,224 USD

Amenities

  • Air Conditioning
  • Controlled Access
  • Microwave
  • Picnic Area
  • Washer/Dryer
  • Gated
  • Video Patrol
  • Heating
  • Trash Pickup - Curbside
  • Ceiling Fans
  • Double Vanities
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Sprinkler System
  • Tub/Shower
  • Walk-In Closets
  • Roof Terrace
  • Storage Space
  • Elevator
  • Sundeck
  • Zen Garden
  • Island Kitchen
  • Smoke Free
  • Key Fob Entry

Public Transportation

Commuter RailDriveWalkDistance
Clybourn Station (Union Pacific North Line - Northeast Illinois Regional Commuter Railroad (Metra), Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra)) 4 min - 2.3 mi
Chicago Millennium Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra), South Shore Line - Northeast Illinois Regional Commuter Railroad (Metra)) 6 min - 2.6 mi
Transit/SubwayDriveWalkDistance
Sedgwick Station (Brown Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L")) 1 min 11 min 0.6 mi
Clark/Division Station (Red Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 17 min 0.9 mi
Armitage Station (Brown Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 19 min 1.0 mi
North/Clybourn Station (Red Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 20 min 1.1 mi
AirportDriveWalkDistance
Chicago Midway International 22 min - 14.8 mi
Chicago O'Hare International 25 min - 16.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 16
Type: Covered
Included in Rent: Yes
David Tarnoff 847-212-4589 Marcus & Millichap
David Tarnoff 847-212-4589 Marcus & Millichap