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1429 W Chicago Avenue

Chicago, IL 60622
  • $1,399,000
  • STATUS: Active
  • ON SITE: 76 Days
  • MLS #: 11220775
$1,399,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1892
County:

School Ratings & Info

Description

Great investor opportunity to own a High Income, mixed-use property in red-hot West Town. Classic Chicago, brick 3 story, mixed-use building with 3 apartments plus a Store w/ basement. Currently operating at a 6.8% CAP (and 8.4% cash-on-cash). Annual income of $116,580 and NOI of $94,516. This building is in great condition. Store is 2100 sq ft and duplexed to the finished basement and is leased for 5 years at $3500/mo. The apartments are always in demand and rent easily. Apartment mix is: two, 3-bedroom units and a 2-bedroom coach house located above a 2 car garage. Utilities are separated with GFA heat & AC and tenants pay gas/electric. All units have W/D. Shaded courtyard between the buildings provides a relaxing spot to hangout. Located on a booming stretch of Chicago Ave in West Town close to everything - downtown, expressways, CTA Blue line, shops, dining, etc. This building is perfect for someone who wants to start collecting rent from day 1 - no projects here. Schedule today!

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Carolyn and Hillary Homes | Charles Rutenberg Realty. Based on information submitted to the MRED as of 2021-12-01T23:58:58.677 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1429 W Chicago Avenue Chicago, IL 60622

  • Price: $1,399,000
  • Status: Active
  • On Site: 76 Days
  • MLS #: 11220775
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1892
Built
Neighborhood:
Chi - West Town
County:
Cook
Area:
Chi - West Town
Property Description
Great investor opportunity to own a High Income, mixed-use property in red-hot West Town. Classic Chicago, brick 3 story, mixed-use building with 3 apartments plus a Store w/ basement. Currently operating at a 6.8% CAP (and 8.4% cash-on-cash). Annual income of $116,580 and NOI of $94,516. This building is in great condition. Store is 2100 sq ft and duplexed to the finished basement and is leased for 5 years at $3500/mo. The apartments are always in demand and rent easily. Apartment mix is: two, 3-bedroom units and a 2-bedroom coach house located above a 2 car garage. Utilities are separated with GFA heat & AC and tenants pay gas/electric. All units have W/D. Shaded courtyard between the buildings provides a relaxing spot to hangout. Located on a booming stretch of Chicago Ave in West Town close to everything - downtown, expressways, CTA Blue line, shops, dining, etc. This building is perfect for someone who wants to start collecting rent from day 1 - no projects here. Schedule today!
Exterior Features

Docks None Exterior Building Type Brick Frontage Type City Street Outdoor Parking None On Site Parking Total 2 Roof Structure Flat

Interior Features

Cooling Central Air Fireplaces Total 1 Flooring Wood Heat Ventilation Central Heat/Indiv ControlsForced AirGas Number Of Dryers 3 Number Of Ranges 4 Number Of Washers 3

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Electric Circuit BreakersSeparate Meters Fire Protection None Geographic Locale Chicago North Gross Income 116580 Gross Scheduled Income 116580 Insurance Expense 3236 Location Mixed Use AreaPublic Transport Avail Net Operating Income 94516 Number Of Tenants 4 Operating Expense 22064 Ownership Types Limited Liability Corp Property Sub Type Apts/Stores Rental Price 20 Tax Annual Amount 14819 Tax Year 2020 Tenant Pays ElectricityHeat Total Monthly Income 9715 Township West Chicago Type Mixed Use Zoning Other

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Keller Williams Onechicago.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Carolyn and Hillary Homes | Charles Rutenberg Realty. Based on information submitted to the MRED as of 2021-12-01T23:58:58.677 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Naperville IL, 60564