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1703 W Chicago Avenue

Chicago, IL 60622
  • $2,900,000
  • STATUS: Active
  • ON SITE: 42 Days
  • MLS #: 11253245
UPDATED: 143 min ago
$2,900,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2021
County:

School Ratings & Info

Description

Brand new construction, beautiful Mixed-Use building in West Town with tons of visibility on Chicago Ave. One block west of the Ashland/Chicago intersection provides for heavy foot and vehicle traffic all day. This 4-flat building is comprised of 2,345sf of retail storefront (available for Lease) with 3 beautifully finished apartments each on their own floor. This is perfect for any Owner occupant wanting to run their business out of the storefront and earn passive income with the apartments, or for a completely passive investor to acquire a fully leased, brand new construction building to collect their check every month. Conservative pro-forma NOI is at $200,000 annually. Area Tenants include Mariano's, Walgreens, Anytime Fitness, Yuzu Sushi, Funkenhausen, Sprout Home, and many more. Close proximity to the Division, Chicago, and Ashland Blueline stops. Multiple bus stops within blocks.

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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 2021-12-03T23:58:51.28 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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1703 W Chicago Avenue Chicago, IL 60622

  • Price: $2,900,000
  • Status: Active
  • On Site: 42 Days
  • Updated: 143 min ago
  • MLS #: 11253245
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2021
Built
Neighborhood:
Chi - West Town
County:
Cook
Area:
Chi - West Town
Property Description
Brand new construction, beautiful Mixed-Use building in West Town with tons of visibility on Chicago Ave. One block west of the Ashland/Chicago intersection provides for heavy foot and vehicle traffic all day. This 4-flat building is comprised of 2,345sf of retail storefront (available for Lease) with 3 beautifully finished apartments each on their own floor. This is perfect for any Owner occupant wanting to run their business out of the storefront and earn passive income with the apartments, or for a completely passive investor to acquire a fully leased, brand new construction building to collect their check every month. Conservative pro-forma NOI is at $200,000 annually. Area Tenants include Mariano's, Walgreens, Anytime Fitness, Yuzu Sushi, Funkenhausen, Sprout Home, and many more. Close proximity to the Division, Chicago, and Ashland Blueline stops. Multiple bus stops within blocks.
Exterior Features

Parking Total 0

Interior Features

Cooling Central Individual Heat Ventilation Central Heat/Indiv Controls

Property Features

Additional Parcels YN Yes Approximate Age New Construction Built Before1978 YN No Electric Separate Meters Fire Protection Other Geographic Locale Downtown Chicago Gross Income 220000 Gross Scheduled Income 200000 Insurance Expense 0 Rental Price 25 Tax Annual Amount 5479 Tax Year 2020 Tenant Pays Other Total Monthly Income 18333 Type Mixed Use

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of @Properties Commercial.


© 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 2021-12-03T23:58:51.28 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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