The Livery at 831 Chicago

Investment Overview

A truly unique and historically significant property located just south of the Chicago-Main signalized intersection in a Transit-Oriented District (CTA and, METRA stations across the street). Originally built in 1896 as a 2-story 10,600sf building to house a Livery and Hansom Cab company. A 3,500sf bow truss structure and 3,500sf basement added in 1934. In 2009 InSite's client undertook a $1.6M renovation, occupying the 2nd floor as office space and leasing the 1st Floor Rear as office space. Property will be delivered vacant at closing.

Investment Highlights

• 18,400sf building comprised of 5,800sf of unfinished retail on the first floor, 5,800sf finished office on the 2nd floor, a 3,500sf barrel-truss office space on the first floor in the rear above a 3,500sf Lower Level
• $1.6mm Property upgrade and rehab completed by Seller in 2010
• Located in TOD, TIF and SSA Districts, supportive of property owners and tenants
• Zoning: C1a, allows multiple uses and Apartments by right on 2nd floor
• Strong North Shore Demographics
• PIN: 11-19-401-021-0000
• List Price: $1,895,000