Address
1703 W Chicago Avenue, Chicago, IL
Price
$ 2,900,000
Property Attributes
  • MLS#11253245
  • TypeCommercial
  • CountyCOOK
  • CityChicago
  • AreaCHI - West Town
  • Zip60622
  • Style
  • Year Built2021
  • Taxes$ 5479
  • Price$ 2,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size3,085 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Brand new construction, beautiful Mixed-Use building in West Town with tons of visibility on Chicago Ave. One block west of the Ashland/Chicago intersection provides for heavy foot and vehicle traffic all day. This 4-flat building is comprised of 2,345sf of retail storefront (Available for Lease, Black-iron capable) and 3 condo-quality apartments each on their own floor. Each apartment has it's own private outdoor space with beautiful finishes including modern cabinets, hardwood floors, central HVAC, etc. This is perfect for any Owner occupant wanting to run their business out of the storefront and earn passive income with the apartments, or for a completely passive investor to acquire a fully leased, new construction building to collect their check every month. Conservative pro-forma NOI is at $200,000 annually. Area Tenants include Mariano's, Walgreens, Anytime Fitness, Yuzu Sushi, Funkenhausen, Sprout Home, and many more. Close proximity to the Division, Chicago, and Ashland Blueline stops. Multiple bus stops within blocks.

Price History
10/22/2021 Listed $2,900,000

General Features

Additional Parcels Y/N Yes
City Chicago
Cooling Central Individual
County Cook
Days on Market 66
Directions One block West of Ashland Ave, on the South side of Chicago Ave.
Electric Separate Meters
Grossincome 227820
Lot Size Square Feet 3085
MLS Area CHI - West Town
Property Type Commercial Sale
Property Type Mixed Use
Standard Status Active
Status Active
Stories 4
Street Name Chicago
Tax Annual Amount 5479
Tax Year 2020
Tenant Pays Other
Total Units 4
Year Built 2021

Interior Features

Street Suffix Avenue

Exterior Features

Lot Dimensions 25X124

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 60622

Price
AVG $590K
$2.9M
Taxes
AVG $16,165
$5,479
Visits
AVG 44
54
Year Built
AVG 1954
2021
Walkscore
AVG 95
97
Data Provided by Walkscore ® not using MLS data