Price Reduction - New Construction
Address
4839 N Western Avenue, Chicago, IL
Price
$ 2,799,000
Property Attributes
- MLS#11946599
- TypeCommercial
- CountyCOOK
- CityChicago
- AreaCHI - Lincoln Square
- NeighborhoodLincoln Square
- Zip60625
- StyleCommercial
- Year Built1952
- Taxes$ 23507
- Price$ 2,799,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage11200
- Lot Size5,670 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description
The subject property is located at 4837-4839 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 two-story building, 11,200 SF GLA, and 5,670 SF or (0.13 AC) rectangular-shaped site. The property is located on "Western Avenue (North)" - Tax Increment Financing District with reference Number: T-84. The property located at 4841-4851 North Western Avenue which is north and next to the subject property is currently also for sale *** excellent frontage on Western Avenue (both properties) of 176.59! 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 $3,300,000 |
| 5/7/2024 | 16% - $2,799,000 |
General Features
| Cooling | Central Air |
|---|---|
| Utilities | Electric to Site,Gas to Site,Water to Site |
| Roof | Membrane |
| Zoning | COMMR |
| Construction Materials | Brick |
| Year Built | 1952 |
| Electric | Service - 201 to 600 Amps |
| Tenant Pays | Other |
| Stories | 2 |
| Township | Lake View |
| Property SubType | Free Standing Store,Neighborhood Storefront |
| 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 | 5670 |
| Street Name | Western |
| Tax Annual Amount | 23507 |
| Additional Parcels Y/N | Yes |
| Days on Market | 77 |
| 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 | 11200 |
| Lot Dimensions | 54X105 |
| Frontage Type | City Street |
| 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
