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$2,575,000
7,560
square ft

601-05 N Milwaukee Avenue
Libertyville, Illinois 60048

Closed / MLS #11296328 / Commercial / Mixed Use / Libertyville
Listing information updated 2/18/2022 at 7:03pm
Looking to add Boardwalk or Park Place to your portfolio in the new year? Look no further than this Class A mixed use property downtown Libertyville, Illinois. This four tenant property is located in the very popular north suburb of Chicago in Libertyville. The building is located in the heart of award winning Mainstreet district. It houses Libertyville's hottest restaurant, Milwalky Taco, with a new 10 year lease with three five year options beginning August 1, 2021. The building went thru a complete rehab in 1998 including a full fire sprinkler and fire alarm system. Roof is 8 years old and is maintained annually. Masonry was tuck pointed in 2020. Five rooftop HVAC's installed in 2019 and three in 2020. The three one bedroom apartments each have W/D, stove, refrigerator, microwave, disposal, dishwasher and new floors. Two of the units have new kitchens. Two of the apartments have 12 months leases and the third has an 18 month. The restaurant has invested over $750,000 into the building over the last 5 years, including $200,000 in 2021. This property is in excellent condition and ready to be added as a turn-key investment for any investor.
Built:
1940
Cooling System:
Central Air,Central Individual,Exhaust Fan
Stories:
2
Roof:
Membrane,Reflective Coating
Current Use:
Commercial
Potential Use:
Commercial, Multi-Family
Zoning:
RTAIL
Building Square Feet:
7,560
Current Net Income:
$192,500
Tax Amount:
$25,256
Tax Year:
2020
Zip Code:
60048
City:
Libertyville
County:
Lake

Listing Office: Baird & Warner

Listing Office Phone: 847.367.1855

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 2/18/2022 at 7:03pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

Libertyville

Libertyville, IL

Libertyville owes much of its early growth to the railroad. A spur on the Milwaukee Road train line brought rapid growth to the area, which was incorporated in 1882. Today the Metra rail system provides a convenient commute for residents of this vibrant community. Libertyville’s bustling downtown...

Metra

Metra
Milwaukee District North line at Libertyville Metra
$699,037
Average Sale Price
37
Average Days On The Market
99%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 601-05 N Milwaukee Avenue, Libertyville, IL 60048
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601-05 N Milwaukee Avenue, Libertyville, IL 60048 is a commercial / mixed use which sold for $2,575,000. This commercial / mixed use has been listed on @properties Christie's International Real Estate since December 31st, 2021 and was built in 1940. The nearest transit stops include Libertyville Metra Metra Milwaukee District North line.

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