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$1,430,000
8,680
square ft

1421 W Chicago Avenue
Chicago, Illinois 60642

Closed / MLS #11729851 / Commercial / Mixed Use / West Town
Listing information updated 8/17/2023 at 4:03pm
Great investor opportunity to own a High Income, fully leased, mixed-use property in red-hot West Town. Classic Chicago, brick 4-story, mixed-use building with brick 2-story Coach House. 7 apartments plus a Restaurant w/ basement. This building is in good condition but needs some TLC. Apartments are in good shape but definite value add opp! Restaurant space is 1600 sq ft and has access to the semi-finished basement. The current lease goes until Dec. 2025 and is personally guaranteed. The apartments are always in demand and rent easily. Apartment mix is: three 2-bedroom/1.5 baths, three 2-bedroom/1 bath and the 3-bedroom/1 bath Coach House. Utilities are separated with GFA heat. Tenants pay gas/electric. 2 units have W/D. There is a shared, coin-operated laundry room on the 2nd floor. Rear units all have large steel porches. Rooftop access (Roof is only 5 years old). Located on a booming stretch of Chicago Ave in West Town close to everything - downtown, expressways, CTA Blue line, shops, dining, etc. This building is perfect for someone who wants to start collecting rent from day 1. Schedule today!
Built:
1896
Cooling System:
Central Air,Window Unit(s)
Stories:
4
Building Square Feet:
8,680
Current Net Income:
$120,337
Tax Amount:
$31,222
Tax Year:
2021
Zip Code:
60642
City:
Chicago
County:
Cook

Listing Office: Luxury Living Real Estate

Listing Office Phone: 312.548.8077

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 8/17/2023 at 4:03pm. 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.

West Town, IL

Comprised of several distinct Chicago neighborhoods northwest of the Loop, West Town is a thriving community that has experienced extensive development over the past decade. The community includes the neighborhoods of Wicker Park, Ukrainian Village, East Village, River West, Noble Square, East Humbo...

CTA

CTA
Blue line at Chicago
CTA
Green line at Ashland
CTA
Pink line at Ashland
$757,404
Average Sale Price
45
Average Days On The Market
100%
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 1421 W Chicago Avenue, Chicago, IL 60642
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1421 W Chicago Avenue, Chicago, IL 60642 is a commercial / mixed use which sold for $1,430,000. This commercial / mixed use has been listed on @properties Christie's International Real Estate since March 3rd, 2023 and was built in 1896. The nearest transit stops include Chicago CTA Blue line.

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