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5620 N Western Avenue, Chicago, IL 60659
$1,199,000
5620 N Western Avenue, Chicago, IL 60659View this property at 5620 N Western Avenue, Chicago, IL 60659
5620 N Western AvenueChicagoIL60659
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Property Description
WELCOME TO ARCADIA TERRACE---unique opportunity to acquire a FULLY occupied THREE-lot / THREE pin investment/owner property with a tremendous traffic count and C1-2 ZONING for many businesses. From left to right it consists of: 5618-gated parking lot/5620 three story mixed use---ALL NEW REHAB-- with a store, 200 amp panel, front-back office plus three private offices, upstairs has two 2-BR apartments, 100 amp panel, with separate dining, all with separate NEW HVAC plus hardwood floors plus all NEW steel back decks, NEW hot water tank, NEWER roof-5 years, rebuilt parapets, tuckpointed/5622 is a free standing 1 story flexi-core commercial garage---levels can be added---200-amp 3-phase+200amp panel. Tenants in 5620 all expire in 2024, 5620+18 are MTM, rents. Just slightly north of Bryn Mawr and adjacent to the booming Devon corridor along with Lincoln Square, Ravenswood, Edgewater. Easy access to public transportation and Lake Shore Drive.
Full Property Details
Full Property Details for 5620 N Western Ave
General
- Price: $1,199,000
- Taxes: $27,305 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 11978562
- Updated: 3/16/2024
- Added to Site: 81 day(s) ago
Interior
- Interior Features: Passenger Elevator(s), Accessible Washroom/s, Multi-Tenant
- Flooring: Carpet, Wood
Additional Information
- Security/Safety: Other
Location
- Area: CHI - West Ridge
- County: Cook
- Driving Directions: Just a little North or Bryn Mawr on the west side of the street
- Location Details: Chicago North, Mixed-Use Area, High Traffic Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls
Utilities
- Onsite: Electricity to Site, Gas to Site, Municipal Water
Structural Information
- Sub-Flooring: Carpet, Wood
- Stories/Levels: 3
- Current Bldg. Use: Commercial, Office
- # of Stores: 1
- Year Built: 1938
- Built Before 1978: Yes
Unit Information
- # Tenants: 5
- Units w/Refrigerators: 2
- Units w/Range/Oven: 2
Lot Features
- Lot Size (Sq. Ft.): 9,375
- Lot Dimensions: 75 x 125
- Frontage: City Street
- Potential Use: Conditional Use, Special Use, Other
- Zoning: COMMR
Financial Considerations
- Insurance Fee: $2,204
- Operating Expenses: $36,357
- Other Fee: $7,500
- Security Deposit: Other
- Assessment Year: 1938
- Tax Amount: $27,305
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Electricity, Heat, Scavenger, Sewer
Disclosures and Reports
- Property ID: 13014320260000
Listed by EXIT Strategy Realty
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Schools
Schools serving 5620 N Western Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
5650 N Mozart St, Chicago, IL 60659 | PK-8 | 0.6 mi | |
5835 N Lincoln Ave, Chicago, IL 60659 | 9-12 | 0.7 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 5620 N Western Ave
Date
Details
Price
Change
Source
2/09/2024
Listed
$1,199,000
—
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 5620 N Western Ave
5620 N Western Avenue, Chicago, IL 60659 (MLS# 11978562) is a Commercial property. 5620 N Western Avenue is currently listed for $1,199,000 and was received on February 09, 2024. Want to learn more about 5620 N Western Avenue? Do you have questions about finding other Commercial real estate for sale in West Ridge? You can browse all West Ridge real estate or contact a Coldwell Banker agent to request more information.