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$1,600,000
6,000
square ft

1058 W Chicago Avenue
Chicago, Illinois 60642

Closed / MLS #11733489 / Commercial / Mixed Use / West Town
Listing information updated 8/5/2023 at 6:03am
BEAUTIFUL MIXED USE COMMERCIAL BUILDING. 2 NICELY RENOVATED APARTMENTS UPSTAIRS & FULLY FUNCTIONAL RESTAURANT & GELATO SHOP IN THE COMMERCIAL SPACES. RIGHT IN FRONT OF THE CHICAGO BLUE LINE STOP. 12 PARKING SPACES BEHIND THE BUILDING. FANTASTIC OPPORTUNITY FOR THE SAVVY INVESTOR/OPERATOR. CURRENT REVENUE IS $7400 -APT 1 IS A 2 BED 1 BATH 1,100 SQ FT @ $1,900 -APT 2 IS A 2 BED 1 BATH 1,100 SQ FT @ $1500 -RESTAURANT 1 IS 2800 SQ FT + FULL BASEMENT AT $1500 A MONTH RENT (FAMILY) RESTAURANT WILL VACATE. THEY PAY WATER FOR BLDG. -RESTAURANT SPACE 2 IS 500 SQ FT & RENT IS $2,500 M0 -INSURANCE IS $9,800 THE RESTAURANT SHOULD BE GETTING $7K A MONTH PLUS CAMS. THE APARTMENTS ARE UNDER MARKET AND SHOULD BE $2K + A MONTH. STABILZED THIS SHOULD BRING IN AROUND $13-$14K A MONTH..AROUND $150K NET INCOME POTENTIAL.
Built:
1920
Parking Spaces:
12
Cooling System:
Central Air
Stories:
2
Potential Use:
Commercial, Retail
Zoning:
COMMR
Building Square Feet:
6,000
Tax Amount:
$17,645
Tax Year:
2021
Zip Code:
60642
City:
Chicago
County:
Cook

Listing Office: @PROPERTIES

Listing Office Phone: 312.254.0200

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 8/5/2023 at 6:03am. 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...

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$759,922
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 1058 W Chicago Avenue, Chicago, IL 60642
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1058 W Chicago Avenue, Chicago, IL 60642 is a commercial / mixed use which sold for $1,600,000. This commercial / mixed use has been listed on @properties Christie's International Real Estate since March 8th, 2023 and was built in 1920. The nearest transit stops include Chicago CTA Blue line.

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