2321 North Avenue

    Chicago, IL 60647
    • $1,395,000
    • STATUS: Active
    • ON SITE: 26 days
    • MLS #: 10523560
    $1,395,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,288
      SQFT
    • $264
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1909
    County:

    School Ratings & Info

    Description

    Fully-leased 3-unit building located in Wicker Park (across the street from Bucktown) offered at a 6.4% Cap Rate. The building was gut-rehabbed in 2014 and has new mechanicals, electrical (400A), plumbing (all copper with new service), windows, updated masonry, steel decks, roof newly coated, etc. The retail space has an open layout, high ceilings (12'), wood floors, exposed brick, ADA entry and ADA bathroom, and finished basement. Retail tenant has new 5-year lease with 3% annual bumps plus 50% of all increases in expenses over 2019. The 2nd and 3rd floors are modern 3BR/2BA apartments with luxury finishes. The property features a landscaped patio, masonry garbage enclosure, security fence, camera system and six tandem parking spaces. Bldg area includes full basement.

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    © 2019 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 The Mattz Mega Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2019-10-15T23:51:33.483 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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    www.themattzgroup.com/homes/99136102

    2321 North Avenue Chicago, IL 60647

    • Price: $1,395,000
    • Status: Active
    • MLS #: 10523560
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,288
    SQFT
    $264
    $/SQFT
    1909
    Built
    Neighborhood:
    Chi - West Town
    County:
    Cook
    Area:
    Chi - West Town
    Property Description
    Fully-leased 3-unit building located in Wicker Park (across the street from Bucktown) offered at a 6.4% Cap Rate. The building was gut-rehabbed in 2014 and has new mechanicals, electrical (400A), plumbing (all copper with new service), windows, updated masonry, steel decks, roof newly coated, etc. The retail space has an open layout, high ceilings (12'), wood floors, exposed brick, ADA entry and ADA bathroom, and finished basement. Retail tenant has new 5-year lease with 3% annual bumps plus 50% of all increases in expenses over 2019. The 2nd and 3rd floors are modern 3BR/2BA apartments with luxury finishes. The property features a landscaped patio, masonry garbage enclosure, security fence, camera system and six tandem parking spaces. Bldg area includes full basement.
    Exterior Features

    Construction Brick Foundation Concrete Lot Dimensions 124.6X24 APPROX Lot Sq Ft 2990 Number Of Parking Spaces 6

    Interior Features

    Air Conditioning Central Air Fire Protection Other Number Of Apts 2 Number Of Dishwashers 2 Number Of Disposals 2 Number Of Dryers 2 Number Of Offices 0 Number Of Ranges 2 Number Of Refrigs 2 Number Of Stores 1 Number Of Stories 3 Number Of Washers 2 Outdoor Parking 6-12 Spaces

    Property Features

    Age New Rehab Built Before1978 YN Yes Electric Expense Source Broker Projection Electrical Service 201-600 Amps Electricity Expense 316 Estimated Cam SF 2.5 Exterior Building Type Brick Fuel Expense 0 Fuel Expense Source Actual Geographic Locale Chicago North Gross Rental Income Amount 125133 Heat Ventilation Central Heat/Indiv Controls Insurance Expense 3744 Insurance Expense Source Actual Lease Type Net Net Oper Income Amount 88960 Net Operating Income Year 2019 Other Expense Source Broker Projection Other Expenses 14368 Rental Price 0 Tax Year 2018 Taxes 15731 Tenant Pays Air ConditioningCommon Area MaintenanceElectricHeatReal Property TaxesInsuranceWater/Sewer Total Annual Exp 36172 Total Annual Expense Source Broker Projection Total Annual Income 125133 Total Monthly Income 10428 Township West Chicago Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater To Site Washer Dryer Lsd YN No Water Expense 583 Water Expense Source Broker Projection Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Arni Realty Incorporated.


    © 2019 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 The Mattz Mega Group | Keller Williams Preferred Realty. Based on information submitted to the MRED as of 2019-10-15T23:51:33.483 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
     
    The Mattz Mega Group | Keller Williams Preferred Realty
    16101 S 108th Avenue, 2nd Floor
    Orland Park IL, 60467