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3900 N Elston Avenue

Chicago, IL 60638
  • $1,450,000
  • STATUS: Active
  • ON SITE: 58 Days
  • MLS #: 11237657
$1,450,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1925
County:

School Ratings & Info

Description

I already did a lot of the research here and created some Comps on Condo Buildings and Land Sold in the last year, Condos for Sale in Irving Park. I created comps for Avondale too, but that market is already saturated with new developments and the prices are already way higher there. Irving Park is going to be the next big thing as you already are seeing movements of new construction entering this area. I also created several case studies of buildings to compare. The idea that I like the most however, is the property at 3637 North Spaulding Avenue, that has 25 units, and it is only 5 minutes away by car from this property, and the lot is shaped very similar to this current spot. That property has parking on the first floor, so I would like to build 5 stories here and incorporate that idea here.

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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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3900 N Elston Avenue Chicago, IL 60638

  • Price: $1,450,000
  • Status: Active
  • On Site: 58 Days
  • MLS #: 11237657
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1925
Built
Neighborhood:
Confidential Commercial Listings
County:
Cook
Area:
Confidential Commercial Listings
Property Description
I already did a lot of the research here and created some Comps on Condo Buildings and Land Sold in the last year, Condos for Sale in Irving Park. I created comps for Avondale too, but that market is already saturated with new developments and the prices are already way higher there. Irving Park is going to be the next big thing as you already are seeing movements of new construction entering this area. I also created several case studies of buildings to compare. The idea that I like the most however, is the property at 3637 North Spaulding Avenue, that has 25 units, and it is only 5 minutes away by car from this property, and the lot is shaped very similar to this current spot. That property has parking on the first floor, so I would like to build 5 stories here and incorporate that idea here.
Interior Features

Cooling Central Air Heat Ventilation Central Heat/Indiv Controls Number Of TLDocks 3

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 15000 Built Before1978 YN Yes Electric Circuit Breakers Fire Protection Alarm On SiteFire Extinguisher/S Geographic Locale Chicago Northwest Gross Income 13000 Gross Scheduled Income 200000 Net Operating Income 10000 Operating Expense 2000 Property Offered For Sale Only Property Sub Type Manufacturing / Warehousing Tax Annual Amount 23000 Tax Year 2020 Tenant Pays Other Township Stickney Type Industrial Zoning Indus

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Compass.


© 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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Carolyn and Hillary Homes | Charles Rutenberg Realty
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