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    1341 Western Avenue

    Chicago, IL 60622
    • $879,000
    • STATUS: Active
    • ON SITE: 91 days
    • MLS #: 10756743
    UPDATED: 66 min ago
    $879,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,700
      SQFT
    • $154
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1906
    County:

    School Ratings & Info

    Description

    Turn-Key, Mixed-Use, Zero deferred maintenance. 2019 Rental Income $98,967. 2019 NOI $86,114. 10% CAP. Well-maintained, stable 18 yr owner pride. Live/work/Investment. 39,400 cars/day. 2007 Complete gut/rehab. ADA ground commercial (C2-2, 1400 SF) $2094/mo with 2 condo-quality units (1400 SF 3BR/2BA $2044/mo & 1400 SF 1BR/2BA Luxury penthouse $2444/mo.) Each garage space rents for $199/mo. Gourmet kitchens with granite & stainless, spa-quality baths with steam showers, body jets, heated marble floors, jetted tubs, high/vaulted ceilings, large low-E windows and skylights, in-unit laundry, high-efficiency furnace & AC, tankless water heaters, exposed brick, hardwood, large private decks, ADT Pulse Security. Full unfinished basement great for storage accessible through ground flr commercial unit and exterior rear door. Surrounded by new commercial development. Heart of Bucktown/Wicker Park shopping, restaurants, nightlife. Close to CTA, I-90/94 expressways, 606, and Metra. Ready for condo conversion--all separate mechanicals and utilities. Walkscore 90

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    © 2020 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 Touchstone Group. Based on information submitted to the MRED as of 2020-09-23T08:50:43.9 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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    1341 Western Avenue Chicago, IL 60622

    • Price: $879,000
    • Status: Active
    • Updated: 66 min ago
    • MLS #: 10756743
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,700
    SQFT
    $154
    $/SQFT
    1906
    Built
    Neighborhood:
    Chi - West Town
    County:
    Cook
    Area:
    Chi - West Town
    Property Description
    Turn-Key, Mixed-Use, Zero deferred maintenance. 2019 Rental Income $98,967. 2019 NOI $86,114. 10% CAP. Well-maintained, stable 18 yr owner pride. Live/work/Investment. 39,400 cars/day. 2007 Complete gut/rehab. ADA ground commercial (C2-2, 1400 SF) $2094/mo with 2 condo-quality units (1400 SF 3BR/2BA $2044/mo & 1400 SF 1BR/2BA Luxury penthouse $2444/mo.) Each garage space rents for $199/mo. Gourmet kitchens with granite & stainless, spa-quality baths with steam showers, body jets, heated marble floors, jetted tubs, high/vaulted ceilings, large low-E windows and skylights, in-unit laundry, high-efficiency furnace & AC, tankless water heaters, exposed brick, hardwood, large private decks, ADT Pulse Security. Full unfinished basement great for storage accessible through ground flr commercial unit and exterior rear door. Surrounded by new commercial development. Heart of Bucktown/Wicker Park shopping, restaurants, nightlife. Close to CTA, I-90/94 expressways, 606, and Metra. Ready for condo conversion--all separate mechanicals and utilities. Walkscore 90
    Exterior Features

    Construction BrickSteelStone Foundation BlockBrickConcrete Frontage Access City StreetFrontage RoadPublic Road Location Central Business DistrictMixed Use AreaPublic Transport Avail Lot Dimensions 24X108 Lot Sq Ft 2592 Number Of Parking Spaces 2 Roof Coverings MembraneReflective Coating Roof Structure Flat

    Interior Features

    Air Conditioning Central AirCentral Individual Fire Protection Alarm MonitoredFire Extinguisher/SSmoke Or Fire ProtectorsOther Floor Finish Slate/MarbleWood Indoor Parking 1-5 SpacesDetached Miscellaneous Inside Handicapped AccessSkylight/SStorage InsideOtherBasement Number Of Apts 2 Number Of Dishwashers 3 Number Of Disposals 1 Number Of Dryers 3 Number Of Fireplaces 1 Number Of Offices 1 Number Of Ranges 3 Number Of Refrigs 4 Number Of Stores 1 Number Of Stories 3 Number Of Washers 3

    Property Features

    Age New Rehab Built Before1978 YN Yes Current Use Commercial Electric Expense Source Actual Electrical Service Circuit Breakers201-600 Amps Electricity Expense 179 Expense Year 2019 Exterior Building Type BrickBlockStone Fuel Expense 0 Fuel Expense Source Actual Geographic Locale East/West CorridorChicago NorthChicago WestChicago Northwest Green Features Tankless Hot Water HeaterLow Flow CommodeLow Flow Fixtures Gross Rental Income Amount 98967 Heat Ventilation Forced AirGas Insurance Expense 3020 Insurance Expense Source Actual Known Encumbrances First Mortgage Miscellaneous Outside Balcony/IesPatioSecurity GateSecurity LightingSecurity SystemSun Deck Net Oper Income Amount 86114 Net Operating Income Year 2019 Number Of Tenants 3 Number Of Window Ac 0 Other Expense Source Actual Other Expenses 387 Possession Closing Potential Use CommercialCondominiumOffice And ResearchResidential-Multi-FamilyRetailSpecial UseOther Rental Price 0 Sale Terms ConventionalFhaVaCash Only Tax Year 2018 Taxes 8434 Tenant Pays Air ConditioningElectricHeatOther Total Annual Exp 12853 Total Annual Expense Source Actual Total Annual Income 98967 Total Monthly Income 8247 Township West Chicago Utilities To Site Sanitary Sewer To SiteWater-Municipal Washer Dryer Lsd YN No Water Drainage Floor Drains Water Expense 833 Water Expense Source Actual Zoning Type Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Pappas Realty Group, Ltd.


    © 2020 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 Touchstone Group. Based on information submitted to the MRED as of 2020-09-23T08:50:43.9 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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    Touchstone Group
    2308 W North Avenue #C1
    Chicago IL, 60647