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Sara Latta-Young

saralattayoung@gmail.com +1(815) 685-5090

$ 1,600,000

Est. payment | -/mo

8,600 SqFt

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$ 1,600,000

Est. payment | -/mo

Save

8,600 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 8,600 sqft

Price per Sqft $186

MLS Listing ID 12591309

Year Built 1915

Annual Tax Amount $18,739

Tax Year 2024

Lot Dimensions 0.138

Property Sub-Type Mixed Use

Property 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. With an in-place NOI of $111,493, without yet achieving full occupancy, the Property offers immense value-add potential thru leasing the remaining vacancy.

Location

State IL

County Cook

Area Chi - West Town

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Mixed Use

Listed by Derek Sobieraj of Sobiko Brokerage Services, LLC

NEARBY PROPERTIES

+1(815) 685-5090

saralattayoung@gmail.com

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2712 W North AVE Chicago, IL 60647