8,600 sq ft
Commercial: Mixed Use - MLS# 12591309
Tools & Resources:
Description
Well-located mixed-use building offering significant value-add potential. The recently gut-renovated commercial space features a column-free layout that can accommodate a wide variety of potential retail, office, or service uses. Existing B3-2 zoning allows for the potential conversion of two (2) additional ground-floor dwelling units with the procurement of a special use permit (no zoning change required). Current apartment rents are below market, presenting an opportunity for future income growth. Situated along North Avenue in East Humboldt Park, the property is positioned within a rapidly evolving corridor and offers convenient access to public transportation.
Features
- Property Type: Commercial
- Sub Type: Mixed Use
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60647
- Year Built: 1915
- Sq.Ft.: 8,600 sq ft
- Stories: 3
- Units: 7 units
- # Of Apts: 4
- # Of Offices: 3
- # Of Stores: 3
- Approximate Age: New Rehab
- Building Area Total: 8600
- Built Before 1978 (Y/N): Yes
- Cooling: Central Air
- Directions: Head East or West along North Ave, the property is located on the north-side of North Ave between Fairfield Ave and Washtenaw Ave.
- Electric Expense: 1032
- Fire Protection: Fire Extinguisher/s, Other
- Fuel Expense: 2082
- Geographic Locale: Chicago West
- Gross Income: 96720
- Gross Rent Multiplier: 16.5
- Gross Scheduled Income: 96720
- Heat/Ventilation: Forced Air, Gas
- Information: List Broker Must Accompany, 48-Hr Notice Required
- Insurance Expense: 10355
- Lot Size Square Feet: 6000
- Main Type: Commercial Sale
- Other Expense: 9238
- Property Sub Type: Mixed Use
- Tax Annual Amount: 18739.99
- Tax Year: 2024
- Total Monthly Income: 8060
- Water Sewer Expense: 774
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