759 N Pine Avenue
Chicago, IL 60644

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Description

Unique investment opportunity to own this mixed used property. Situated in North Austin neighborhood with a dense residential community and commercial traffic corridor. Two story brick building on the corner of Chicago and Pine Avenue. Features a total of 22 units and 2 car garage. 14 residential apartments, and 8 commercial units. The 14 residential rental apartments includes 4 apartments with 2 bedrooms; 7 units with 1 bedroom and 3 studio efficiency apartments. Tenants pay electric, gas and electric heat. The main level features 8 separate commercial units. Fenced backyard. With a total projection gross income of 26,125 per month, this property is a true cash flow generator. Large units, desirable layout, and prime income potential - a must-see for serious investors! Sold AS-IS.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60644
• Year Built: 1923
• Sq.Ft.: 16,790 sq ft
• Stories: 2
• Units: 22 units
• Zoning: MULTI
• # Of Apts: 14
• # Of Offices: 2
• # Of Ranges: 14
• # Of Refrigs: 14
• # Of Stores: 6
• # Of Tenants: 22
• Approximate Age: Older
• Building Area Total: 16790
• Built Before 1978 (Y/N): Yes
• Cap Rate: 13.9
• Construction Materials: Brick, Concrete, Wood
• Directions: East of Central Ave. On the South East corner of W Chicago Ave and N Pine Ave.
• Electric: Circuit Breakers
• Electric Expense: 2225
• Electric Expense Source: Actual
• Expense Year: 2025
• Fire Protection: Fire Extinguisher/s, Carbon Monoxide Detector(s)
• Flooring: Tile, Wood
• Foundation Details: Concrete Perimeter
• Fuel Expense: 6285
• Fuel Expense Source: Actual
• Geographic Locale: Chicago Northwest
• Gross Income: 313500
• Gross Rent Multiplier: 4.46
• Gross Scheduled Income: 313500
• Heat/Ventilation: Gas
• Information: List Broker Must Accompany, No Sign on Property
• Insurance Expense: 22000
• Insurance Expense Source: Actual
• Location: Corner, Mixed Use Area, Public Transport Avail, In City Limits
• Lot Size Square Feet: 15000
• Main Type: Commercial Sale
• Misc Inside: Multi-Tenant, Private Restroom/s
• Misc Outside: Enclosed Stairs, Security System, Storms and Screens (as exist)
• Operating Expense: 117885
• Original Rental Price: 2
• Other Expense: 15000
• Other Expense Source: Actual
• Ownership Type: Individual
• Property Sub Type: Mixed Use
• Rental Price: 2
• Roof Structure: Flat
• Tax Annual Amount: 59697
• Tax Year: 2024
• Tenant Pays: Electricity, Heat
• Total Annual Expense Source: Actual
• Total Monthly Income: 26125
• Trash Expense: 3839
• Trash Expense Source: Actual
• Utilities: Electric to Site, Natural Gas Available, Water Available
• Water Drainage: Storm Sewers
• Water Expense Source: Actual
• Water Sewer Expense: 8839
• Water Source: Municipal Water