New Construction
Address
4841 N Western Avenue, Chicago, IL
Price
$ 3,195,000
Property Attributes
- MLS#11940925
- TypeCommercial
- CountyCOOK
- CityChicago
- AreaCHI - Lincoln Square
- Zip60625
- StyleCommercial
- Year Built1930
- Taxes$ 62619
- Price$ 3,195,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage24135
- Lot Size0.306428 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
The subject property is located at 4841-4851 North Western Ave., Chicago, IL 60625 (the "Property"). This is an urban mixed-use (retail/residential) building located in Chicago's dense and affluent Lincoln Square neighborhood. The subject property is zoned B3-1 and situated in a mixed commercial and residential city setting. It features a vacant two-story building, 16,135 SF GLA (above grade), plus 8,000 SF basement of which 6,848 SF is finished and utilized as additional showroom space, and 13,348 SF or (0.31 AC) rectangular-shaped site. Preliminary plans for a 5-story mixed-use containing both retail and residential units available on request. The latest neighborhood investments: such as new construction, condos, rentals, restaurants, nightlife, and supermarkets have steadily brought in new homeowners and tenants to this thrilling neighborhood of Chicago. The subject property presents the unique opportunity to acquire a stand-alone building in the Lincon Square district.
| Price History | |
|---|---|
| 1/8/2024 | Listed $4,050,000 |
| 2/28/2024 | 7% - $3,795,000 |
| 3/4/2024 | 6% - $3,595,000 |
| 4/23/2024 | 12% - $3,195,000 |
General Features
| Cooling | Central Air |
|---|---|
| Possession | Closing,Negotiable |
| Zoning | COMMR |
| Construction Materials | Brick,Concrete |
| Year Built | 1930 |
| Electric | Over 600 Amps,Power - 240V |
| Tenant Pays | Other |
| Stories | 2 |
| Property SubType | Condominium,Free Standing Store,Shopping Center |
| Tax Year | 2022 |
| Current Use | Commercial,Other |
| County | Cook |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | Lawrence to Western,North to property |
| City | Chicago |
| MLS Area | CHI - Lincoln Square |
| Lot Size Square Feet | 13348 |
| Street Name | Western |
| Tax Annual Amount | 62619 |
| Additional Parcels Y/N | Yes |
| Leasable Area | 24135 |
| Virtual Tour | https://tours.vht.com/BWI/T434359084/nobranding |
| Days on Market | 118 |
| Lease Type | N/A |
| Standard Status | Active |
| Property Type | Retail/Stores |
Interior Features
| Street Suffix | Avenue |
|---|
Exterior Features
| Foundation Details | Concrete Perimeter |
|---|---|
| Building Area Total | 24135 |
| Lot Dimensions | 124.83X106.18 |
| Frontage Type | City Street,Public Road |
| Exterior | Brick |
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 60625
Price
Taxes
Visits
Year Built
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome Select Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2024 All rights reserved.Based on information submitted to the MLS GRID as of May 26, 2024 3:12 PM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of May 26, 2024 3:12 PM UTC
