Closed

$1,325,000

Favorite

1429 W Chicago Avenue

Chicago, Illinois 60622

Closed / MLS #11220775 / Commercial / Mixed Use / West Town

Listing information updated 3/30/2022 at 6:03am

Great investor opportunity to own a High Income, mixed-use property in red-hot West Town. Classic Chicago, brick 3 story, mixed-use building with 3 apartments plus a Store w/ basement. Currently operating at a 6.9% CAP (and 8.9% cash-on-cash). Annual income of $118,440 and NOI of $96,376. This building is in great condition. Store is 2100 sq ft and duplexed to the finished basement and is leased for 5 years at $3500/mo. The apartments are always in demand and rent easily. Apartment mix is: two, 3-bedroom units and a 2-bedroom coach house located above a 2 car garage. Utilities are separated with GFA heat & AC and tenants pay gas/electric. All units have W/D. Shaded courtyard between the buildings provides a relaxing spot to hangout. 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 - no projects here. Schedule today!

Full Features

Built:

1892

Parking Spaces:

Cooling System:

Central Air

Stories:

Zoning:

OTHER

Current Net Income:

$96,376

Taxes & Assessments

Tax Amount:

$14,819

Tax Year:

2020

Location

Zip Code:

60622

City:

Chicago

County:

Cook

Listing Office: Keller Williams ONEChicago

Listing Office Phone: 312.216.2422

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 3/30/2022 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.

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...

Learn More

CTA

Blue line at Chicago

CTA

Green line at Ashland

CTA

Pink line at Ashland

$680,330

Average Sale Price

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.

New Listings in West Town, IL

Recently Sold Homes in West Town, IL

Popular Neighborhoods near West Town, IL

1429 W Chicago Avenue is a commercial / mixed use which sold for $1,325,000. This commercial / mixed use has been listed on @properties since September 16th, 2021 and was built in 1892. The nearest transit stops include Chicago CTA Blue line.