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5618 N Western AvenueActive

Chicago, IL 60659

0

1100000-100.0%

-1Bed

-1Bath

-1SqFt


UPDATED

 

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Year Built 1954

MLS Listing ID 10603924

Property Description

3 property package for sale - 5618 N Western Avenue (.07 AC lot), 5620 N. Western Avenue (2-story mixed use building with 7,425 SF retail space and two residential apartments above), 5622 N. Western Avenue (5,500 SF single story auto building). All zoned C1-2 - ALLOWS FOR TWO STORY BUILDINGS to be built on vacant lot and auto building. Fantastic mixed-use property in a heavily populated part of Arcadia Terrace. The 5622 space is currently an auto shop with indoor parking for up to 12 cars. The 5620 storefront is a newly renovated vanilla box space and 40th Ward Aldermans office. The apartments above have wide rooms and wood floors. The 5618 space is gated and has space for an additional 10 cars. Recent upgrades to the property include new windows, tuckpointing, improvements to the roof and back porches, new electrical service (200 amp 3 phase meters), and upgraded plumbing. C1-2 zoning allows for a wide range of opportunities with this property - additional retail possibilites include warehouses, auto shops, and more. With three lots in one, you have plenty options! This property is on the populated N. Western Ave and right next to the beautifully scenic West Ridge Nature Preserve. There is easy access to CTA bus stops and other public transportation options. NOI is $83,765.68. Total 2018 real estate tax bill is $19,998. Total land site is 75' x 110'. 5618 lot is on a month-to-month lease for $700 per month. 5620 store is rented for $2,134.60 per month. 5620 apartments are rented for $1,350 per month each. 5622 commercial space rented for $3,900 per month. Arcadia Terrace is a quickly growing part of Chicago. The property is located near a range of new businesses starting in the area as well as high-end town-houses and single family homes. The area is praised for its multicultural influence and eclectic dining scene that draws many to the neighborhood.

Location

State IL

County Cook

Area Chi - West Ridge

Zoning COMMR

Interior

Heating Ceiling Units

Cooling Wall Sleeve

Flooring Carpet,Tile,Varies

Exterior

Garage Spaces 10.0

Roof Type Tar and Gravel

Total Parking Spaces 10

Building

Story 1

Foundation Block,Concrete Perimeter

Lot Dimensions 75 X 110

Structure Type Brick,Block

Others

Senior Community No

Tax Amount $19,998

Tax Year 2018

Tax ID 13014320250000

Miscellaneous Private Restroom/s,Public Restroom/s

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Listing provided by Strauss Realty Ltd

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PROPERTY HISTORY

Date Event Price Source

    Neighborhood Demographic

    Steve Umnow Core Realty

    Steve Umnow

    owner | License ID: 478.026257

    2242354336

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