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2240 W Ogden Avenue

Chicago, Illinois 60612


Stacy Karel
312.933.5819

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$4,525,000


Square Footage
39,147
Stacy Karel
312.933.5819
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Property Type
Institutional or Developmental
Neighborhood


Unique urban infill investment opportunity in Chicago's Illinois Medical District (IMD). 39,147 square foot brick and timber loft office building with substantial income in place and multiple avenues to create additional value. Quality tenancy with term remaining but room to increase rents at rollover. Property contains an abundance of parking that is rare anywhere in the City of Chicago with an ability to offer nearly 2.5 spaces per 1000 SF of rentable area. Numerous recent capital improvements including new roof, windows/sills, common area improvements, bathrooms and more. Urban infill location with long term appreciation potential. Excellent 1031 exchange candidate!



Full Features
Built: 1910
Cooling System: Central Air,Central Individual
Stories: 4
Zoning: PUD
Rentable Square Feet: 3,673
Building Square Feet: 39,147
Current Net Income: $29,421


Taxes & Assessments
Taxes: $89,291

Listing Office: Jameson Commercial

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Nearby Public Transportation

CTA Rail

at Western (0.56 miles away), Polk

Metra
BNSF Railway, Milwaukee District North, North Central Service, Milwaukee District West, Union Pacific West, Heritage Corridor, Southwest Service, Union Pacific North, Union Pacific Northwest, Rock Island District

at S Western Ave Metra (0.72 miles away), Western Ave Metra, Western, Kedzie and others







2240 W Ogden Avenue Chicago, Illinois 60612 is a institutional or developmental property, which sold for $4,525,000. Want to learn more about 2240 W Ogden Avenue Chicago, Illinois 60612? Contact an @properties agent to request more info.


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