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2540 W Chicago Avenue #1, Chicago, IL 60622
$405,000
2540 W Chicago Avenue #1, Chicago, IL 60622View this property at 2540 W Chicago Avenue #1, Chicago, IL 60622
2540 W Chicago Avenue #1ChicagoIL60622
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Property Description
Prime Mixed-Use Property for Sale Located in the dynamic Ukrainian Village, this 1,386 square foot mixed-use space offers endless potential nestled right on Chicago Avenue. With excellent frontage, robust traffic count, and high visibility, this property is a gem in the heart of Chicago. Property Highlights: Size: 1,386 square feet of adaptable space, ready for customization. Zoning: C1-C2, supporting a variety of commercial and residential uses. Location: Ukrainian Village on bustling Chicago Avenue ensures constant foot traffic and great visibility. Frontage: Prime frontage on Chicago Avenue enhances exposure to passing traffic. Permitted Uses Include: Residential: Artist live/work spaces and dwelling units above the ground floor. Commercial: Retail, limited-service restaurants, business support, and personal services like salons. Public and Civic: Facilities such as colleges, daycares, and libraries. Health Services: Medical and veterinary clinics. C2 Specific: More extensive commercial activities, including taverns, larger restaurants, auto services, light manufacturing, and recycling facilities. This property offers the flexibility to maximize your investment, whether establishing a new business, creating a unique live/work setup, or developing a lucrative rental property.
Full Property Details
Full Property Details for 2540 W Chicago Ave #1
General
- Price: $405,000
- Taxes: $6,485 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 12050069
- Updated: 5/13/2024
- Added to Site: 12 day(s) ago
Interior
- Flooring: Wood
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: CHI - West Town
- County: Cook
- Township: West Chicago
- Driving Directions: Chicago Ave, West of Western to the Property
- Location Details: Chicago West
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Sub-Flooring: Wood
- Stories/Levels: 4
- # of Stores: 1
- Year Built: 2005
Lot Features
- Lot Size (Sq. Ft.): 3,057
- Lot Dimensions: 25 x 121
- Potential Use: Commercial, Condominium, Office and Research, Retail, Special Use, Other
- Zoning: COMMR
Financial Considerations
- Lease Price: $28
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 2005
- Tax Amount: $6,485
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Electricity, Heat
Disclosures and Reports
- Property ID: 16014280421001
Listed by @properties Christie's International Real Estate
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Schools
Schools serving 2540 W Chicago Ave #1
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
2450 W Rice St, Chicago, IL 60622 | PK-8 | 0.1 mi | |
1147 N Western Ave, Chicago, IL 60622 | 9-12 | 0.5 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 2540 W Chicago Ave #1
Date
Details
Price
Change
Source
5/07/2024
Listed
$405,000
135.47%
MLS
10/23/2018
Sold
$172,000
—
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 2540 W Chicago Ave #1
Year
Property Taxes
Change
Tax Assessment
Change
2022
$6,486
2%
$31,532
—
2021
$6,341
-7%
$31,532
3%
2020
$6,837
—
$30,692
-10%
2019
$6,820
13%
$33,946
—
2018
$6,027
11%
$33,946
19%
2017
$5,432
4%
$28,608
—
2016
$5,230
10%
$28,608
—
2015
$4,762
—
$28,608
1%
2014
$4,777
-4%
$28,314
—
2013
$4,993
2%
$28,314
—
2012
$4,877
—
$28,314
—
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 2540 W Chicago Ave #1
2540 W Chicago Avenue #1, Chicago, IL 60622 (MLS# 12050069) is a Commercial property. 2540 W Chicago Avenue #1 is currently listed for $405,000 and was received on May 07, 2024. Want to learn more about 2540 W Chicago Avenue #1? 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.