Vesta Lofts

125 East 21st Street


Chicago, IL

Main

Year Built: 1915

Asset Class: A

Status: Available








Property Type

Multifamily & Development Site

Location

McCormick Square

Units

59

Vesta Lofts


KIG CRE, as exclusive agent, presents Vesta Lofts, a stabilized 59-unit building in the South Loop for acquisition consideration. This four-story, exposed brick multifamily asset offers loft apartments with beautiful finishes, unique living amenities and easy access to transportation. The real opportunity with this asset, however, lies in the adjacent 19,374 sf lot – a prime area for development. Situated in the rapidly evolving McCormick Square Entertainment District, Vesta Lofts offers an incredible development opportunity while benefitting from the in-place income of a stabilized asset.

Quick Facts:


* 59 units, renovated in 2013 * Historically high occupancy, currently 100% * 19,374 sf developable parking lot * Current zoning is DX-5 * Located in Chicago’s 3rd Ward, Alderman Pat Dowell

Asset Photos



Contact Sales Team



Todd Stofflet


Managing Partner

Todd Stofflet
Phone: 312.477.7004
Mobile: 312.622.2339
Email: todd@kigcre.com

Susan Tjarksen


Principal, Managing Broker

Susan Tjarksen
Phone: 312.477.7006
Mobile: 312.523.7617
Email: susan@kigcre.com

Jason Stevens


Senior Director - Sales

Jason Stevens
Phone: 312.477.7012
Mobile: 312.608.6188
Email: jason@kigcre.com