The Bachelor | 1140 W Wilson Ave
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The Bachelor 1140 W Wilson Ave
44 Unit Block of Flats £5,332,567 (£121,195/Unit) 8.05% Net Initial Yield Chicago, IL 60640
Investment Highlights
- Cap Rate 8.05%
- Unique micro units offer affordable, efficient living in the heat of Uptown with easy access to the Wilson CTA stop
- Gross rent multiplier (GRM) 7.79 X $865,964 gross annual rent
Executive Summary
CRER has been retained to sell 1132-1140 W. Wilson Ave,“The Bachelor”, a distinctive opportunity to acquire a fully custom-renovated architectural masterpiece in the heart of Uptown. This property boasts micro-unit apartments on its upper floors, providing tenants with an unparalleled blend of affordability and luxury. Ownership stands to gain from leasing a unique product with minimal competition and efficient operational costs. Each apartment within The Bachelor showcases premium features, including in-unit laundry facilities, subway tiling, poured concrete floors, and glass-enclosed rain showers. The retail tenants benefit from the property’s proximity to the Wilson Red Line stop, as well as its strategic positioning across from Truman College
Property Facts
| Price | £5,332,567 | Property Subtype | Apartment |
| Price Per Unit | £121,195 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | B |
| Net Initial Yield | 8.05% | Lot Size | 0.19 AC |
| Gross Rent Multiplier | 7.79 | Building Size | 19,800 SF |
| No. Units | 44 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1922 |
| Price | £5,332,567 |
| Price Per Unit | £121,195 |
| Sale Type | Investment |
| Net Initial Yield | 8.05% |
| Gross Rent Multiplier | 7.79 |
| No. Units | 44 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 19,800 SF |
| Number of Floors | 2 |
| Year Built | 1922 |
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 36 | - | 245 |
| 1+1 | 4 | - | 283 |
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Walk Score ®
Walker's Paradise (96)
Transit Score ®
Excellent Transit (80)
Bike Score ®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 14-17-207-015-0000 | Improvements Assessment | £194,632 |
| Land Assessment | £31,237 | Total Assessment | £225,869 |
PROPERTY TAXES
Parcel Number
14-17-207-015-0000
Land Assessment
£31,237
Improvements Assessment
£194,632
Total Assessment
£225,869
zoning
| Zoning Code | C1-5 |
| C1-5 |
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The Bachelor | 1140 W Wilson Ave
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