Address
1703 W Chicago Avenue, Chicago, IL
Price
$ 2,590,000
Property Attributes
- MLS#12010469
- TypeCommercial
- CountyCOOK
- CityChicago
- AreaCHI - West Town
- NeighborhoodWest Town
- Zip60622
- Style
- Year Built2021
- Taxes$ 31223
- Price$ 2,590,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6200
- Lot Size3,085 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Built in 2021 Mixed Use 4-Unit Building in West Town. First floor retail storefront, currently used as a restaurant on a NNN lease and 3 condo quality 2Bed apartments... Passive Turn Key Investment... Sleek, modern interiors designed with an eye for both style and functionality. From open-concept layouts to high-end finishes. Hardwood floors throughout, central HVAC, Washer&Dryer, modern cabinets and tile selections, private outdoor space. Smart turn key newer construction investment building grossing over $200,000 in income with 6.5% cap rate Low Expenses, NNN Lease on Retail Space, Prime Location. Conveniently located in the heart of Chicago this building offer easy access to the city's best dining, shopping, and entertainment options.
| Price History | |
|---|---|
| 3/21/2024 | Listed $2,590,000 |
General Features
| Cooling | Central Individual |
|---|---|
| Construction Materials | Concrete |
| Year Built | 2021 |
| Electric | Separate Meters |
| Tenant Pays | Electricity,Heat,Taxes,Insurance,Sewer,Other |
| Stories | 4 |
| Property SubType | Restaurant |
| Tax Year | 2022 |
| Gross Income | 212624 |
| County | Cook |
| Net Operating Income | 170083 |
| Operating Expense | 42540 |
| Insurance Expense | 5149 |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | One block West of Ashland Ave,on the South side of Chicago Ave. |
| City | Chicago |
| Total Units | 4 |
| MLS Area | CHI - West Town |
| Lot Size Square Feet | 3085 |
| Street Name | Chicago |
| Tax Annual Amount | 31223 |
| Trash Expense | 672 |
| Water Sewer Expense | 3696 |
| Additional Parcels Y/N | No |
| Days on Market | 7 |
| Lease Type | Net |
| Standard Status | Active |
| Property Type | Retail/Stores |
Interior Features
| Street Suffix | Avenue |
|---|
Exterior Features
| Foundation Details | Concrete Perimeter |
|---|---|
| Building Area Total | 6200 |
| Lot Dimensions | 25X124 |
| Frontage Type | City Street |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 60622
Price
Taxes
Visits
Year Built
