Kiser Group | P: 773.293.5000 | [email protected] FOR MORE INFORMATION, PLEASE CONTACT: 1628 W. Montrose Ave. Chicago, IL 60613 Tel: (773) 293-5000 Fax: (773) 293-5001 www.kisergroup.com PROPERTY OVERVIEW 2147 W Potomac Ave is centrally located in Wicker Park, one of the prime neighborhoods of Chicago. The property was converted to condominiums in 2007, and included new plumbing and electrical. Units are spacious and well maintained with granite and stainless kitchens, hardwood floors throughout, and additional features depending upon the unit. Each unit has its own A/C, water heater, and washer/dryer. The first floor was originally two units and retains both kitchens. Restoring the unit to its original two-unit configuration will require minimal expense. Open attic space provides the opportunity to easily duplex-up the two top floor units, increasing rentable square footage and bedroom count. The basement serves as storage space, and the property has a detached two-car garage. *The first floor unit is converted under a single PIN, but retains the original two-unit configuration including both kitchens, baths, and bedrooms. PROPERTY HIGHLIGHTS • Highly Desirable Location • Full Board Approval for Deconversion • Great Unit Mix • Garage Parking • Value-add opportunity $1,595,000 6* 5.99% $95,472 $266,000 4,600 SF 1886 2007 Wicker Park Wicker Park :: Condo Deconversion :: 6 Flat 2147 W Potomac Ave, Chicago, IL 60622 OFFERING SUMMARY Sale Price: Price / Unit: Number Of Units: Cap Rate: NOI: Year Built: Building Size: Renovated: Submarket: