Sold
Address
1540 W North Avenue, Chicago, IL
Price
$ 725,000
Property Attributes
  • MLS#11731800
  • TypeCommercial
  • CountyCOOK
  • CityChicago
  • Zip60622
  • Style
  • Price$ 725,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.09068 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Calling all business owners, investors and developers!!! This perfectly located property is a mixed-use building (commercial/ residential) with lots of potential; zoned C1-2; lot size 25x125 (survey is available upon request). Street level floor offers an operational bar/restaurant with a full kitchen and a basement (equipment is included, not the inventory). Basement has storage and office space. It's currently leased till 3/14/2024; monthly rent is $4300. Tenant pays own utilities, except water. 2nd level offers 5 office spaces (currently vacant) which can also be deconverted to a 3 Bed/ 1 Bath apartment. It's already plumbed for water, gas and electrical. 3rd level boasts a 3 Bed /1 Bath apartment with 2 outdoor spaces. It's currently vacant and used to collect monthly rent of $2,500 a month with some TLC it can be increase. 3 parking spots are located in the back of the building. Excellent location, close to public transportation and 90/94. Surrounded by Audi Fletcher Jones, Mercedes-Benz of Chicago, Hyatt Place Hotel, MB Financial Bank, 5/3 Bank and North Ave/ Division. Seller is very motivated to find the buyer who is willing to buy the building Sold AS-IS and willing to deal with city violations. For developers all violations will go away with tearing down the building. Architectural plans are available for purchase at additional cost.

Price History

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 60622

Price
AVG $610K
$730K