for sale $4,200,000...yoga, meditation, workouts at the gym, guitar and biking the unique...

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HIGHLAND PARK, IL 60035 1655 MCGOVERN ST Jameson Commercial Real Estate 425 W. North Ave | Chicago, IL 60610 jamesoncommercial.com ©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereof & it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions & estimates are presented as examples only & may not represent actual performance. Consult tax & legal advisors to perform your own investigation. FOR SALE $4,200,000 GREG VITI Broker Associate (C) 312.867.2132 | [email protected]

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Page 1: FOR SALE $4,200,000...yoga, meditation, workouts at the gym, guitar and biking the unique neighborhoods of the city. Title: Offering Memorandum

HIGHLAND PARK, IL 600351655 MCGOVERN ST

Jameson Commercial Real Estate425 W. North Ave | Chicago, IL 60610jamesoncommercial.com

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. Norepresentation is made as to the accuracy thereof & it is submitted subject to errors, omissions,changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions &estimates are presented as examples only & may not represent actual performance. Consult tax &legal advisors to perform your own investigation.

FOR SALE$4,200,000

GREG VITIBroker Associate(C) 312.867.2132 | [email protected]

Page 2: FOR SALE $4,200,000...yoga, meditation, workouts at the gym, guitar and biking the unique neighborhoods of the city. Title: Offering Memorandum

Property Overview 1 4 Executive Summary

5 Additional Photos

6 Additional Photos

7 Floor Plans

8 Floor Plans

9 Floor Plans

10 Floor Plans

11 Site Plan

12 Additional Photos

Location Overview 2 14 Map

15 Additional Photos

Financials 3 17 Income & Expenses

18 Rent Roll

Additional Information 4 20 Agent Bio 1

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1655 MCGOVERN ST

TABLE OF CONTENTS

Page 3: FOR SALE $4,200,000...yoga, meditation, workouts at the gym, guitar and biking the unique neighborhoods of the city. Title: Offering Memorandum

1655 MCGOVERN ST

PROPERTY OVERVIEW

Page 4: FOR SALE $4,200,000...yoga, meditation, workouts at the gym, guitar and biking the unique neighborhoods of the city. Title: Offering Memorandum

SALE PRICE: $4,200,000

LOT SIZE: 100'x140'

BUILDING SIZE: 15,407.66 SF

YEAR BUILT: 2015/16

CAP RATE 5.34

PROPERTY DESCRIPTION

Quality new construction arm chair investment A+ location perfect for a long term hold. Rentshave great upside and the building will appreciate over time.

PROPERTY HIGHLIGHTS

• Solid, stable investment in high-end New Construction that willyield long term returns and increasing value.

• Impressive luxury residences, situated in a premier location.

• Four unit building boasts of high-end designer finishes, tall ceilings,wide oak floors with ebony stain, custom cabinetry, marble andquartz

• Two simplex units with private elevator entrances, 3 bedrooms,3.5 baths, 2 private decks, 2 car heated garage, approximately3100-3350 sq ft

• Two duplex units with 3 bedrooms, 3.5 baths, private patio, 2 carheated garage, ranging from 2800-3000 sq ft

• Steps to downtown Highland Park shopping and dining. Close to thehighway, Metra, and golf courses.

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1655 MCGOVERN ST

EXECUTIVE SUMMARY

Page 5: FOR SALE $4,200,000...yoga, meditation, workouts at the gym, guitar and biking the unique neighborhoods of the city. Title: Offering Memorandum

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1655 MCGOVERN ST

SIMPLEX PHOTOS

Page 6: FOR SALE $4,200,000...yoga, meditation, workouts at the gym, guitar and biking the unique neighborhoods of the city. Title: Offering Memorandum

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DUPLEX PHOTOS

Page 7: FOR SALE $4,200,000...yoga, meditation, workouts at the gym, guitar and biking the unique neighborhoods of the city. Title: Offering Memorandum

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GARDEN LEVEL FLOOR PLAN

Page 8: FOR SALE $4,200,000...yoga, meditation, workouts at the gym, guitar and biking the unique neighborhoods of the city. Title: Offering Memorandum

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1655 MCGOVERN ST

FIRST FLOOR PLAN

Page 9: FOR SALE $4,200,000...yoga, meditation, workouts at the gym, guitar and biking the unique neighborhoods of the city. Title: Offering Memorandum

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1655 MCGOVERN ST

SECOND FLOOR PLAN

Page 10: FOR SALE $4,200,000...yoga, meditation, workouts at the gym, guitar and biking the unique neighborhoods of the city. Title: Offering Memorandum

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THIRD FLOOR PLAN

Page 11: FOR SALE $4,200,000...yoga, meditation, workouts at the gym, guitar and biking the unique neighborhoods of the city. Title: Offering Memorandum

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SITE PLAN

Page 12: FOR SALE $4,200,000...yoga, meditation, workouts at the gym, guitar and biking the unique neighborhoods of the city. Title: Offering Memorandum

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SPECIFICATION SHEET

Page 13: FOR SALE $4,200,000...yoga, meditation, workouts at the gym, guitar and biking the unique neighborhoods of the city. Title: Offering Memorandum

1655 MCGOVERN ST

LOCATION OVERVIEW

Page 14: FOR SALE $4,200,000...yoga, meditation, workouts at the gym, guitar and biking the unique neighborhoods of the city. Title: Offering Memorandum

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MAP

Page 15: FOR SALE $4,200,000...yoga, meditation, workouts at the gym, guitar and biking the unique neighborhoods of the city. Title: Offering Memorandum

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AERIAL IMAGE

Page 16: FOR SALE $4,200,000...yoga, meditation, workouts at the gym, guitar and biking the unique neighborhoods of the city. Title: Offering Memorandum

1655 MCGOVERN ST

FINANCIALS

Page 17: FOR SALE $4,200,000...yoga, meditation, workouts at the gym, guitar and biking the unique neighborhoods of the city. Title: Offering Memorandum

Notes:

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1655 MCGOVERN ST

INCOME & EXPENSES

Page 18: FOR SALE $4,200,000...yoga, meditation, workouts at the gym, guitar and biking the unique neighborhoods of the city. Title: Offering Memorandum

Notes:

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1655 MCGOVERN ST

RENT ROLL

Page 19: FOR SALE $4,200,000...yoga, meditation, workouts at the gym, guitar and biking the unique neighborhoods of the city. Title: Offering Memorandum

1655 MCGOVERN ST

ADDITIONALINFORMATION

Page 20: FOR SALE $4,200,000...yoga, meditation, workouts at the gym, guitar and biking the unique neighborhoods of the city. Title: Offering Memorandum

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1655 MCGOVERN ST

GREG VITI

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereofand it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions &estimates are presented as examples only & may not represent actual performance. Consult tax & legal advisors to perform your own investigation.

(O) 312.867.2132(C) [email protected]

For over thirty years, Greg Viti has delivered leadership, responsiveness and outstanding customer service with every commercial andresidential project. Greg and his team at The Viti Group, Inc. are excited to be revitalizing their business model with a focus on developingnew construction. The group’s hybrid approach includes land acquisition, mixed-use, and multi-family properties, in addition to assistingresidential customers with sales and purchases. The team’s expertise is underscored by their consistent record of top production inChicago residential and commercial real estate.

The Viti Group remains on the forefront of technology, utilizes sophisticated marketing platforms and has assembled a first-class networkof industry associates from construction crews to leaders in finance and law. Greg is known for forming strategic partnerships withdevelopers and investors, and working with them to conceptualize projects in their entirety. Experts on the marketability of a buildings'design, pricing and floor plans, Greg’s team of highly-skilled professionals are dedicated to seeing a project through to successfulcompletion, from the planning, positioning and branding phases to sales and closings.

As a third generation Realtor whose grandfather formed his real estate firm in 1937, Greg learned that a dedication to integrity,responsibility and building strong relationships is the key to success. To deliver on these values, The Viti Group relies on their wealth ofexperience along with a commitment to being diligent yet patient with the process and to keeping clients informed through every stage ofthe project.

The team shares a core belief in being of service to clients and industry partners at a higher level. Greg thrives on projects that engage hiscreativity and analytical skills. Greg’s passion for building stems from the creative sensibilities he developed in early adulthood. Hisbackground in construction took him from building custom homes to owning his own woodworking business.

Greg grew up in Highland Park and lives in Bucktown. He is a proud father and number one sports fan of two beautiful daughters and anappreciative husband of Susan, a marketing manager. Greg maintain his high energy and enthusiasm through his passions which includeyoga, meditation, workouts at the gym, guitar and biking the unique neighborhoods of the city.