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4952 W Chicago Avenue, Chicago, IL 60651
$240,000
4952 W Chicago Avenue, Chicago, IL 60651View this property at 4952 W Chicago Avenue, Chicago, IL 60651
4952 W Chicago AvenueChicagoIL60651
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Property Description
4952 W Chicago Ave is a mixed-use building that presents a unique blend of potential and foundational upgrades and an opportunity for creative renovation. The significant improvements already in place provide a solid base for future development and customization. This building boasts a versatile layout that includes three apartments and a retail space, offering a diverse income stream. Each apartment features a spacious two-bedroom, One-bathroom design, ideal for comfortable urban living. The retail space on the ground floor presents a prime opportunity for a business venture, adding to the property's appeal and financial viability. Among the key upgrades, the property benefits from a completely revamped electrical system, ensuring a modern infrastructure for both residential and commercial use. It provides excellent visibility and accessibility, making it an attractive location for businesses and residents, and it opens up various possibilities for future development. The required renovation presents a unique opportunity for investors, entrepreneurs, or developers to imprint their vision on the property. The existing updates, like the new electrical system and roof, lay the groundwork, reducing the scale of immediate renovations and adding value to the investment. Ideal for those looking to invest in a property with a head start on critical upgrades, This building is not just a property; it's a canvas ready for transformation into a thriving hub of activity and community.
Full Property Details
Full Property Details for 4952 W Chicago Ave
General
- Sold For: $240,000
- Taxes: $1,800 (2022)
- Status: Closed
- Type: Commercial
- MLS ID: 11959283
- Added to Site: 120 day(s) ago
Additional Information
- Security/Safety: Alarm on Site
Parking
- Parking Features: 1 to 5 Spaces
Location
- Area: CHI - Austin
- County: Cook
- Driving Directions: East or West On Chicago Ave to the address. The property is on the North side of the street.
- Location Details: Chicago West
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Roof: Tar and Gravel
- Stories/Levels: 2
- Square Feet: 5,000
- Year Built: 1915
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 3,721
- Lot Dimensions: 125 x 50
- Frontage: City Street
- Potential Use: Commercial, Multi-Family
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $20,000
- Security Deposit: Alarm On Site
- Assessment Year: 1915
- Tax Amount: $1,800
- Tax Year: 2022
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 16044290220000
Listed by Berkshire Hathaway HomeServices Chicago
Sold by Blue Door Dave Inc
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Schools
Schools serving 4952 W Chicago Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
4820 W Walton St, Chicago, IL 60651 | PK-8 | 0.3 mi | |
730 N Pulaski Rd, Chicago, IL 60624 | 9-12 | 1.2 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 4952 W Chicago Ave
Date
Details
Price
Change
Source
3/22/2024
Sold
$240,000
-4%
MLS
1/12/2024
Listed
$250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4952 W Chicago Avenue, Chicago, IL 60651 (MLS# 11959283) is a Commercial property that was sold at $240,000 on March 22, 2024. Want to learn more about 4952 W Chicago Avenue? Do you have questions about finding other Commercial real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.