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1859 W Chicago Avenue, Chicago, IL 60622
$2,999,000
1859 W Chicago Avenue, Chicago, IL 60622View this property at 1859 W Chicago Avenue, Chicago, IL 60622
1859 W Chicago AvenueChicagoIL60622
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Property Description
1859 W Chicago Ave is a 9,267 SF mixed-use building located on the corner of Chicago and Wolcott Avenues in the heart of Chicago's Ukrainian Village neighborhood. The property is fully occupied by seven (7) tenants; Ukranian Village Veterinary Center on the first floor, and six (6) residential units on the second through fourth floors. All units were fully rehabbed in 2020. This signalized corner location is surrounded by strong neighborhood retail including Roots Pizza, West Town Bakery, and Cleo's Bar. The property is also just 2 blocks from the neighborhood grocery store, Mariano's. This stabilized property is ideal for an investor looking to enter the growing West Town/Ukrainian Village sub-market. This property is owned by an Illinois Real estate broker.
Full Property Details
Full Property Details for 1859 W Chicago Ave
General
- Price: $2,999,000
- HOA FEE: $5,400
- Taxes: $24,628 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 12036342
- Updated: 5/13/2024
- Added to Site: 21 day(s) ago
Location
- Area: CHI - West Town
- County: Cook
- Driving Directions: At the corner of Chicago Avenue and Wolcott St
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls
Utilities
- Trash: 2379
Structural Information
- Stories/Levels: 4
- Square Feet: 9,267
- Year Built: 1888
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 3,020
- Lot Dimensions: 25 x 125
Financial Considerations
- Maint. Fee: $5,400
- Insurance Fee: $3,605
- Operating Expenses: $63,064
- Assessment Year: 1888
- Tax Amount: $24,628
- Tax Year: 2022
- Tenant Pays: Electricity, Heat
- Pays Electric: 537
- Pays Trash: 2379
Disclosures and Reports
- Property ID: 17072010010000
Listed by Sperry Van Ness
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Schools
Schools serving 1859 W Chicago Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1840 W Ohio St, Chicago, IL 60622 | PK-8 | 0.2 mi | |
936 N Ashland Ave, Chicago, IL 60622 | 9-12 | 0.4 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 1859 W Chicago Ave
Date
Details
Price
Change
Source
5/07/2024
Listed
$2,999,000
81.76%
MLS
9/17/2019
Sold
$1,650,000
—
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 1859 W Chicago Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$24,629
2%
$115,000
—
2021
$24,072
110%
$115,000
134%
2020
$11,466
5%
$49,083
-11%
2019
$10,894
2%
$55,150
—
2018
$10,727
5%
$55,150
14%
2017
$10,203
-12%
$48,350
-16%
2016
$11,596
9%
$57,405
—
2015
$10,663
6%
$57,405
7%
2014
$10,089
2%
$53,625
—
2013
$9,913
3%
$53,625
—
2012
$9,657
—
$53,625
—
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 1859 W Chicago Ave
1859 W Chicago Avenue, Chicago, IL 60622 (MLS# 12036342) is a Commercial property. 1859 W Chicago Avenue is currently listed for $2,999,000 and was received on May 07, 2024. Want to learn more about 1859 W Chicago Avenue? Do you have questions about finding other Commercial 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.