2334 North Avenue

    Chicago, IL 60647
    • $950,000
    • STATUS: Active
    • ON SITE: 118 days
    • MLS #: 10430048
    UPDATED: 52 min ago
    $950,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,304
      SQFT
    • $288
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1890
    County:

    School Ratings & Info

    Description

    Wicker Park 2 flat currently being occupied as retail/office on both floors by same tenant leased through next 2 years with 3% annual increases and options following lease term. Current rent at $6437/mo for 3200 SF with additional signage income (~$10K). Zoned B3-2. Newer furnaces, AC units, and tuckpointing leave minimal landlord responsibility. 2 car garage. 25x130 lot. Walk into a ~6% CAP rate with increases in Wicker Park with maintainable rent or make plans for future changes (upper apartment, owner occupant, etc). Building has quality interior finishes and a roof top deck.

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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 2019-10-22T06:54:21.703 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/96285939

    2334 North Avenue Chicago, IL 60647

    • Price: $950,000
    • Status: Active
    • Updated: 52 min ago
    • MLS #: 10430048
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,304
    SQFT
    $288
    $/SQFT
    1890
    Built
    Neighborhood:
    Chi - West Town
    County:
    Cook
    Area:
    Chi - West Town
    Property Description
    Wicker Park 2 flat currently being occupied as retail/office on both floors by same tenant leased through next 2 years with 3% annual increases and options following lease term. Current rent at $6437/mo for 3200 SF with additional signage income (~$10K). Zoned B3-2. Newer furnaces, AC units, and tuckpointing leave minimal landlord responsibility. 2 car garage. 25x130 lot. Walk into a ~6% CAP rate with increases in Wicker Park with maintainable rent or make plans for future changes (upper apartment, owner occupant, etc). Building has quality interior finishes and a roof top deck.
    Exterior Features

    Construction Brick Lot Dimensions 3250 SF Lot Sq Ft 3250 Number Of Parking Spaces 2

    Interior Features

    Air Conditioning Central Air Fire Protection Alarm MonitoredFire Extinguisher/S Indoor Parking 1-5 Spaces Number Of Apts 0 Number Of Dishwashers 2 Number Of Dryers 1 Number Of Offices 1 Number Of Refrigs 2 Number Of Stores 1 Number Of Stories 2 Number Of Washers 1

    Property Features

    Age Older Built Before1978 YN Yes Current Use Commercial Electric Expense Source Actual Electrical Service Circuit Breakers Electricity Expense 300 Expense Year 2018 Exterior Building Type Brick Fuel Expense 0 Fuel Expense Source Actual Geographic Locale Chicago Northwest Gross Rental Income Amount 77244 Heat Ventilation Forced AirGas Insurance Expense 5441 Insurance Expense Source Actual Lease Type Gross Monthly Rental Price 6437 Net Oper Income Amount 56250 Net Operating Income Year 2018 Number Of Tenants 1 Other Expense Source Actual Other Expenses 6850 Owners Assoc YN No Potential Use Commercial Rental Price 24.14 Tax Year 2018 Taxes 13851 Tenant Pays Air ConditioningElectricHeat Total Annual Exp 26874 Total Annual Expense Source Actual Total Annual Income 86986 Total Monthly Income 6437 Township West Chicago Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater To Site Washer Dryer Lsd YN No Water Expense 432 Water Expense Source Actual

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Triton Realty Group Llc.


    © 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 2019-10-22T06:54:21.703 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
     
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    Orland Park IL, 60467