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1374 W Grand Avenue, Chicago, IL 60642
$1,150,000 Sale Pending
1374 W Grand Avenue, Chicago, IL 60642View this property at 1374 W Grand Avenue, Chicago, IL 60642
1374 W Grand AvenueChicagoIL60642
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Property Description
1374 W. Grand Avenue is a three-story mixed-use building located in Chicago's West Town Neighborhood. The property was originally constructed in 1878 and extensively renovated in 2006, with 7,830 SF of space on three floors above grade and a full height 2,750 SF basement. The property has been operated for the past 22 years as Bella Notte Restaurant and Bar, a popular neighborhood establishment. The restaurant occupies the first and second floors and the third floor is configured as a 2,346 SF apartment. 1374 W. Grand is immediately north of Chicago's Fulton Market Neighborhood and proximate to the proposed Bally's Casino slated to be developed in the former Chicago Tribune site on the Chicago River. With numerous commercial, hospitality, and multifamily developments in immediate surrounding areas 1374 W. Grand is well positioned to capitalize on local growth. This offering presents an investor or operator the chance to acquire a highly improved property with a turn-key restaurant business for a basis far below replacement cost, or capitalize on the B3-2 zoning and create additional multifamily dwelling units.
Full Property Details
Full Property Details for 1374 W Grand Ave
General
- Price: $1,150,000
- Taxes: $22,254 (2021)
- Status: Pending
- Type: Store
- MLS ID: 11905304
- Updated: 4/23/2024
- Added to Site: 225 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: CHI - West Town
- County: Cook
- Township: West Chicago
- Driving Directions: Ogden to Grand, West to 1374.
- Location Details: Downtown Chicago
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat
Structural Information
- Stories/Levels: 3
- Square Feet: 5,200
- # of Stores: 1
- Year Built: 1878
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 3,350
- Lot Dimensions: 25 x 124
- Zoning: COMMR
Financial Considerations
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1878
- Tax Amount: $22,254
- Tax Year: 2021
- Tenant Pays: Varies by Tenant
Disclosures and Reports
- Property ID: 17081240220000
Listed by ACO Commercial
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Schools
Schools serving 1374 W Grand Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
525 N Armour St, Chicago, IL 60642 | PK-8 | 0.2 mi | |
936 N Ashland Ave, Chicago, IL 60622 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1374 W Grand Ave
Date
Details
Price
Change
Source
10/17/2023
Price Reduced
$1,150,000
-22.03%
MLS
10/10/2023
Listed
$1,475,000
227.78%
MLS
8/30/2000
Sold
$450,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1374 W Grand Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$22,744
2%
$114,000
—
2021
$22,255
73%
$114,000
87%
2020
$12,892
-1%
$60,976
-11%
2019
$13,076
2%
$68,513
—
2018
$12,855
11%
$68,513
28%
2017
$11,532
7%
$53,572
—
2016
$10,730
9%
$53,572
—
2015
$9,817
7%
$53,572
9%
2014
$9,148
2%
$49,303
—
2013
$8,967
1%
$49,303
—
2012
$8,847
—
$49,303
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1374 W Grand Ave
1374 W Grand Avenue, Chicago, IL 60642 (MLS# 11905304) is a Store property. 1374 W Grand Avenue is currently listed for $1,150,000 and was received on October 10, 2023. Want to learn more about 1374 W Grand Avenue? Do you have questions about finding other Store real estate for sale in West Town? You can browse all West Town real estate or contact a Coldwell Banker agent to request more information.