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Il., Chicago, IL 60613

Commercial property for sale

  • Description
  • A rare opportunity for an investor/developer to acquire 83 prime condominium units and 15 indoor parking spaces as an Assemblage in "Polo Tower" Condominium on Chicago's Lakefront!! Located on exclusive Marine Drive and Gordon Terrace. Acres of park, lakefront recreation due east include: Montrose Harbor and Beach, "Sydney Marovitz" world renown 9-hole golf course, "Waveland" tennis courts, jogging path, bike path, children's playgrounds, baseball and snackbar. The mix of units are: 3 large studios with magnificient views of Lake and Park. 2 two bedroom units with Lake and City views, Park, 78 1 bedroom units with Lake and City views. 30 units have been upgraded. New electric, plumbing, first quality granite counters, hardwood floors, stainless steel appliances, wood cabinetry and quality fixtures. The building was converted in 2001. Built in 1951 of solid concrete and steel. Units are very spacious and soundproof. This Lovely Boutique Highrise Building contains 189 units with beautiful views of Lake Michigan and City of Chicago. Elegant entrance Lobby with fine appointments. on site Management on site Receiving Room with Dry Cleaners State of the Art Fitness Center Outstanding Rooftop Sundeck Indoor deeded parking Garage. Laundry room. LOW MONTHLY ASSESSMENT includes: heat, water, fitness center, on site management and receiving room and rooftop sundeck. LOW REAL ESTATE TAXES! EXPRESS BUS TO DOWNTOWN STOPS ONE DOOR SOUTH OF BUILDING ENTRANCE!! THESE UNITS ARE 100% LEASED. The rents are below market. Leases expire throughout the year.
  • Property Details
  • Building Name: Polo Tower Condominium
    Property Type: Multifamily
    Use Types: High-Rise
    Status: Available
    Number of Stories: 16
    Year Built: 1951
    MSA: Chicago-Joliet-Naperville
    Zoning: residential
    Buildings: 1
    Broadband Internet: DSL
    Construction: Brick, Concrete
    Terms: Cash to Seller
    Added: 02/15/2012
    Last Update: 09/15/2012
  • Exterior Features
  • Parking: Yes
    Parking Spaces: 16
    Parking Type: Underground
  • Contact info
  • 312-403-9005 [Office]
  • Note

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