1851 W Chicago Avenue
Chicago, IL 60622

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Description

1851 Chicago is a fully renovated, five-unit mixed-use powerhouse in the heart of Ukrainian / East Village. The first-floor commercial space delivers serious curb appeal with soaring ceilings, hardwood floors, and unbeatable street presence on vibrant Chicago Ave. Above, four beautifully rehabbed apartments include three 2-bed/1-bath units and an oversized top-floor 1-bed/1-bath featuring a private rooftop deck with jaw-dropping downtown views. Every unit is separately metered and pays its own heat, A/C, and electric. Interiors shine with white shaker cabinets, quartz countertops, subway tile backsplashes, updated baths, and in-unit washer/dryers. Tenants love the walk-to-everything location-keeping turnover low and re-leasing fast. Generating over $10,000 per month with low taxes, this is the turnkey, cash-flowing investment you've been waiting for. Broker owned

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active Under Contract
• County/Area: Cook County
• Zip Code: 60622
• Year Built: 1894
• Stories: 3
• Units: 5 units
• Zoning: COMMR
• # Of Dryers: 4
• # Of Ranges: 4
• # Of Refrigs: 4
• # Of Washers: 4
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Cooling: Central Air, Central Individual
• Directions: Drive to 1851 W Chicago
• Electric: Separate Meters
• Electric Expense: 406
• Fuel Expense: 584
• Gross Income: 122700
• Gross Rent Multiplier: 10.6
• Heat/Ventilation: Central Heat/Indiv Controls, Forced Air, Gas, Separate Per Unit, Individual Furnaces
• Information: 48-Hr Notice Required
• Insurance Expense: 4093
• Main Type: Commercial Sale
• Operating Expense: 32171
• Outdoor Parking: 1-5 Spaces
• Roof: Rubber
• Roof Structure: Flat
• Tax Annual Amount: 19784
• Tax Year: 2024
• Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
• Total Monthly Income: 10225
• Trash Expense: 4729
• Type Multi-Family: Flats
• Water Sewer Expense: 2575