multi - family development site · 2019-03-22 · multi - family development site 2814 e. hintz rd...

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SVN | CHICAGO COMMERCIAL | 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL 60607 SALE BROCHURE MULTI - FAMILY DEVELOPMENT SITE 2814 E. HINTZ RD WHEELING, IL 60090 Albert M. Lindeman Senior Vice President 312.756.7352 [email protected] Nathalie Fisher Associate Advisor 312.414.0602 nfi[email protected]

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Page 1: MULTI - FAMILY DEVELOPMENT SITE · 2019-03-22 · MULTI - FAMILY DEVELOPMENT SITE 2814 E. HINTZ RD WHEELING, IL 60090 Albert M. Lindeman Senior Vice President 312.756.7352 lindemana@svn.com

SVN | CHICAGO COMMERCIAL | 940 WEST ADAMS STREET, SUITE 200, CHICAGO, IL 60607 SALE BROCHURE

MULTI - FAMILYDEVELOPMENT SITE2814 E. HINTZ RDWHEELING, IL 60090

Albert M. LindemanSenior Vice [email protected]

Nathalie FisherAssociate [email protected]

Page 2: MULTI - FAMILY DEVELOPMENT SITE · 2019-03-22 · MULTI - FAMILY DEVELOPMENT SITE 2814 E. HINTZ RD WHEELING, IL 60090 Albert M. Lindeman Senior Vice President 312.756.7352 lindemana@svn.com

2814 E. HINTZ RD WHEELING, IL 60090 SVN | Chicago Commercial | Page 2The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Additional Photos

Page 3: MULTI - FAMILY DEVELOPMENT SITE · 2019-03-22 · MULTI - FAMILY DEVELOPMENT SITE 2814 E. HINTZ RD WHEELING, IL 60090 Albert M. Lindeman Senior Vice President 312.756.7352 lindemana@svn.com

OFFERING SUMMARY

Sale Price: $2,490,000

Lot Size: 5.7 Acres

Zoning: R-1

Market: Chicago

Submarket: Northwest Suburban

Price / SF: $10.03

The land site is located on Hintz Road boasts great location near Wheeling High School and junior high and elementaryschool Property is located near retail shopping and restaurants. High income immediate. Great opportunity fordevelopment for Muiti- Family.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• Great High School,Junior High and Elementary Schools

• 3.8 Miles from Randhurst Shopping Mall

• Solid Demographic Area

• 2 miles from NC Metra Line

• 2 miles from Village Town Center

Property Summary

2814 E. HINTZ RD WHEELING, IL 60090 SVN | Chicago Commercial | Page 3The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Page 4: MULTI - FAMILY DEVELOPMENT SITE · 2019-03-22 · MULTI - FAMILY DEVELOPMENT SITE 2814 E. HINTZ RD WHEELING, IL 60090 Albert M. Lindeman Senior Vice President 312.756.7352 lindemana@svn.com

2814 E. HINTZ RD WHEELING, IL 60090 SVN | Chicago Commercial | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

SALE PRICE $2,490,000

LOCATION INFORMATION

Street Address 2814 E. Hintz Rd

City, State, Zip Wheeling, IL 60090

County/Township Cook/Wheeling

Market Chicago

Submarket Northwest Suburban

Cross Streets E Hintz Rd and Jackson Dr

Side Of Street Northeast

Road Type Paved

Nearest Highway Interstate 294

Nearest Airport Chicago Executive, Ohare International

LAND

Number Of Lots 5

Best Use Multi Family

PROPERTY DETAILS

Property Type Land

Property Subtype Multifamily

Zoning R-1

Lot Size 5.7 Acres

APN# 03-09-401-035-0000, 03-09-401-037-0000,

03-09-401-040-0000, 03-09-401-046-0000,

03-09-401-047-0000

Traffic Count Street 2814 E. Hintz Rd

Property Details

Page 5: MULTI - FAMILY DEVELOPMENT SITE · 2019-03-22 · MULTI - FAMILY DEVELOPMENT SITE 2814 E. HINTZ RD WHEELING, IL 60090 Albert M. Lindeman Senior Vice President 312.756.7352 lindemana@svn.com

2814 E. HINTZ RD WHEELING, IL 60090 SVN | Chicago Commercial | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

The land site is located on Hintz Road boasts great location near Wheeling High School and junior highand elementary school Property is located near retail shopping and restaurants. High income immediate.Great opportunity for development for Multi-Family.

PROPERTY OVERVIEW

Property is located in the City of Wheeling , Illinois located near Chicago’s O’Hare International Airport andless then an hour drive from the City Center of the City of Chicago. This welcoming city boasts a diverseand dynamic community of 40,000 people as well as a unique balance of industry, commercialdevelopment and residential neighborhoods. Nestled in the prestigious North Shore district, there areunparalleled amenities and stunning views of the Des Plaines River and the Chicago skyline.Wheeling boasts a wide selection of housing options to serve the needs of potential residents, includingworld-class luxury condominiums, affordable rental properties in a variety of sizes, and single-familyhomes on tree-lined streets. Commuters benefit from easy access to Interstate 294, as well as from Metrarail service on the North Central Line via the Wheeling Metra Station. Wheeling residents enjoy convenientaccess to grocery stores and shopping centers, health care facilities, places of worship, andaward-winning public schools. Wheeling Park District and Cook County Forest Preserve facilities alsoprovide opportunities for recreation and for restorative contact with the natural world.

LOCATION OVERVIEW

Property Description

Page 6: MULTI - FAMILY DEVELOPMENT SITE · 2019-03-22 · MULTI - FAMILY DEVELOPMENT SITE 2814 E. HINTZ RD WHEELING, IL 60090 Albert M. Lindeman Senior Vice President 312.756.7352 lindemana@svn.com

2814 E. HINTZ RD WHEELING, IL 60090 SVN | Chicago Commercial | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Location Maps

Page 7: MULTI - FAMILY DEVELOPMENT SITE · 2019-03-22 · MULTI - FAMILY DEVELOPMENT SITE 2814 E. HINTZ RD WHEELING, IL 60090 Albert M. Lindeman Senior Vice President 312.756.7352 lindemana@svn.com

2814 E. HINTZ RD WHEELING, IL 60090 SVN | Chicago Commercial | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

POPULATION 1 MILE 2 MILES 3 MILES

Total population 16,828 64,320 118,305

Median age 41.7 40.7 41.2

Median age (Male) 38.1 38.8 39.9

Median age (Female) 44.7 42.6 42.6

HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES

Total households 6,648 25,671 46,889

# of persons per HH 2.5 2.5 2.5

Average HH income $80,946 $79,354 $86,830

Average house value $290,502 $275,846 $335,603

* Demographic data derived from 2010 US Census

Demographics Map

Page 8: MULTI - FAMILY DEVELOPMENT SITE · 2019-03-22 · MULTI - FAMILY DEVELOPMENT SITE 2814 E. HINTZ RD WHEELING, IL 60090 Albert M. Lindeman Senior Vice President 312.756.7352 lindemana@svn.com

Albert M. LindemanSenior Vice President

Albert M. Lindeman serves as a Senior Vice President at SVN | Chicago Commercial.During his +40 years of real estate experience, he has built an array of valuablebusiness, real estate, banking, and community relationships that benefit his clients.He also serves as Office Product Council Co-Chair and a member of the NationalMedical Office Team.

Lindeman recently received the SVN 2015 Achiever Award and has completedtransactions with an aggregate value exceeding $200 million. Over the course ofhis career, Lindeman has represented +500 different clients including: AEG, Apex520 LLC , Browning Ferris Industries, Collabera, Inc. Caruso Development,CIBA-Geigy,Copley Real Estate Advisors, Colgate Palmolive, G.F. Structures, FifieldDevelopment, Jain Group LLC , Extended Stay America, Hinsdale Oncology &Hematology, West Suburban OB Gyn, Illinois Heart & Vascular, Laidlaw Systems,Meadows Realty LLC, McDonalds Corporation, McDonnell Douglas, MidwestDigestive Disease Specialists, Northwest Helathcare Associates, People's HomeEquity, New York Life Insurance, Romanek Properties, Ltd., and SFH Company LLC.

Lindeman holds the National Association of Realtors CRB designation and is aCCIM Candidate. He is an active member of Holy Family Catholic Community inInverness, Illinois; where he serves in numerous ministries. He has coached in thePalatine Celtic Soccer Club for +13 years; and served on Booster Club Board of St.Theresa Catholic School.

Lindeman earned a Masters of Business Administration from Lake Forest GraduateSchool of Management and holds a Bachelor of Science Degree in Managementfrom DePaul University.

[email protected]

Nathalie FisherAssociate Advisor

Nathalie Fisher joins SVN | Chicago Commercial as an associate advisor, focusingon office, retail, and mixed use properties in the northwest suburbs of Chicago.Prior to joining SVN, Nathalie was a real estate broker for a prominent residentialfirm in the northwest suburbs. Her transition to commercial real estate was apersonal endeavor to challenge her skills and broaden her knowledge of the realestate market.

Prior to entering real estate, as a successful physical trainer, Nathalie became anationally ranked producer in the health and fitness industry. She intends to useher relentless attitude and a must-win mentality to meet the real estate needs ofher clients.

Outside of real estate, Nathalie enjoys challenging herself physically and mentallyby participating in vigorous workouts, yoga, boxing, and training for triathlons. Inaddition to the workouts, Nathalie travels the world as a way to feed her culturalcuriosities. Having strong morals and family values, she finds joy and pleasureraising her two children.

[email protected]

2814 E. HINTZ RD WHEELING, IL 60090 SVN | Chicago Commercial | Page 8The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

MEETTHE TEAM

Biography

SVN Real Estate Team

Page 9: MULTI - FAMILY DEVELOPMENT SITE · 2019-03-22 · MULTI - FAMILY DEVELOPMENT SITE 2814 E. HINTZ RD WHEELING, IL 60090 Albert M. Lindeman Senior Vice President 312.756.7352 lindemana@svn.com

2814 E. HINTZ RD WHEELING, IL 60090 SVN | Chicago Commercial | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Disclaimer

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be usedfor any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent ofthe SVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person isauthorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receivingthese materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the informationcontained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. ThisOffering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct,and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representationsor warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or madeavailable to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fullyexecuted and delivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor anyof their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this OfferingBrochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, toreject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with anyentity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the OfferingBrochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on termsacceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing andagreed to release the Owner and the SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any suchcorrespondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospectivepurchaser proceeds at its own risk.