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1703 W Chicago Avenue, Chicago, IL 60622
$2,590,000
1703 W Chicago Avenue, Chicago, IL 60622View this property at 1703 W Chicago Avenue, Chicago, IL 60622
1703 W Chicago AvenueChicagoIL60622
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Property Description
Built in 2021 Mixed Use 4-Unit Building in West Town. First floor retail storefront, currently used as a restaurant on a NNN lease and 3 condo quality 2Bed apartments... Passive Turn Key Investment... Sleek, modern interiors designed with an eye for both style and functionality. From open-concept layouts to high-end finishes. Hardwood floors throughout, central HVAC, Washer&Dryer, modern cabinets and tile selections, private outdoor space. Smart turn key newer construction investment building grossing over $200,000 in income with 6.5% cap rate Low Expenses, NNN Lease on Retail Space, Prime Location. Conveniently located in the heart of Chicago this building offer easy access to the city's best dining, shopping, and entertainment options.
Full Property Details
Full Property Details for 1703 W Chicago Ave
General
- Price: $2,590,000
- Taxes: $31,223 (2022)
- Status: Active
- Type: Commercial Service
- MLS ID: 12010469
- Updated: 3/27/2024
- Added to Site: 38 day(s) ago
Additional Information
- Security/Safety: Other
Location
- Area: CHI - West Town
- County: Cook
- Driving Directions: One block West of Ashland Ave, on the South side of Chicago Ave.
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Central Heat/Individual Controls
Utilities
- Trash: 672
Structural Information
- Construction: Concrete
- Foundation: Concrete Perimeter
- Stories/Levels: 4
- Square Feet: 6,200
- Year Built: 2021
Unit Information
- # Tenants: 4
Lot Features
- Lot Size (Sq. Ft.): 3,085
- Lot Dimensions: 25 x 124
- Frontage: City Street
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Insurance Fee: $5,149
- Operating Expenses: $42,540
- Security Deposit: Other
- Assessment Year: 2021
- Tax Amount: $31,223
- Tax Year: 2022
- Tenant Pays: Electricity, Heat, Taxes, Insurance, Sewer, Other
- Pays Trash: 672
Disclosures and Reports
- Property ID: 17072020180000
Listed by Komar
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Schools
Schools serving 1703 W Chicago Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1840 W Ohio St, Chicago, IL 60622 | PK-8 | 0.3 mi | |
936 N Ashland Ave, Chicago, IL 60622 | 9-12 | 0.2 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 1703 W Chicago Ave
Date
Details
Price
Change
Source
3/21/2024
Listed
$2,590,000
—
MLS
Disclaimer: Historical sales 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 1703 W Chicago Ave
1703 W Chicago Avenue, Chicago, IL 60622 (MLS# 12010469) is a Commercial Service property. 1703 W Chicago Avenue is currently listed for $2,590,000 and was received on March 21, 2024. Want to learn more about 1703 W Chicago Avenue? Do you have questions about finding other Commercial Service 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.