1703 W Chicago Avenue, Chicago, Illinois 60622

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Sold Price
$?
List Price
$2,900,000
MLS#
11253245
Status
RENTED
Type
Commercial
Subtype
Commercial Sale
County
Cook
City
Chicago
Gross Rental Income
227820
Neighborhood
West Town
Days On Market
328

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, Black-iron capable) and 3 condo-quality apartments each on their own floor. Each apartment has it's own private outdoor space with beautiful finishes including modern cabinets, hardwood floors, central HVAC, etc. 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, 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.

Additional Information

Tax Year
2020
Tax Amount
$5,479
Year Built
2021
Lot Dimensions
25X124
Air Conditioning
Central Individual

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Listings courtesy of Midwest Real Estate Data as distributed by MLS Grid

Selling Office: @properties Commercial.



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