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7216 N Western Avenue, Chicago, IL 60645
$584,786
7216 N Western Avenue, Chicago, IL 60645View this property at 7216 N Western Avenue, Chicago, IL 60645
7216 N Western AvenueChicagoIL60645
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Property Description
Remarks: This prime commercial land, zoned B3-2, boasts a strategic location on bustling Western Avenue, with a daily traffic count of approximately 22,600 cars. This property has a primary recommended zoning B2-2 and a secondary recommended zoning B3-2 allowing entrepreneurs and investors to explore a wide range of commercial possibilities. The city of Chicago has recently adopted a comprehensive plan for Western Avenue, which includes this very property, offering exciting prospects for future development and growth. As an added bonus, this property comes with an existing commercial billboard, complete with a current lease that generates a passive income of $22,000.00 per year. This is an excellent opportunity to secure consistent returns on day one while the property is developed. Whether you're looking to establish or expand your business, invest in a thriving neighborhood, or secure a dependable source of passive income, 7216 N Western Avenue presents a rare chance to make your mark in one of Chicago's most dynamic areas. Don't miss out on this unique opportunity to shape the future of this prime commercial property. Contact us today to schedule a viewing and explore the endless possibilities that await you here. DO NOT WALK PROPERTY WITHOUT BROKER PERMISSION.
Full Property Details
Full Property Details for 7216 N Western Ave
General
- Sold For: $584,786
- Taxes: $7,784 (2021)
- Status: Closed
- Type: Commercial
- MLS ID: 11898862
- Added to Site: 216 day(s) ago
Location
- Area: CHI - West Ridge
- County: Cook
- Driving Directions: Western just South of Touhy Ave on West side of the street.
- Location Details: Chicago North
Heating & Cooling
- Cooling Type: None
- Heating Type: Gas
Structural Information
- Drive-In Doors: 2
- Stories/Levels: 1
- Square Feet: 600
- Year Built: 1921
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,360
- Lot Dimensions: 92 x 79.8 x 8 x 92 x 79.8
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $7,784
- Assessment Year: 1921
- Tax Amount: $7,784
- Tax Year: 2021
Disclosures and Reports
- Property ID: 10254280130000
Listed by Berkshire Hathaway HomeServices Chicago
Sold by Century 21 Universal
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Schools
Schools serving 7216 N Western Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
7345 N Washtenaw Ave, Chicago, IL 60645 | K-8 | 0.4 mi | |
5835 N Lincoln Ave, Chicago, IL 60659 | 9-12 | 1.8 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 7216 N Western Ave
Date
Details
Price
Change
Source
2/12/2024
Sold
$584,786
-13.37%
MLS
10/18/2023
Listed
$675,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7216 N Western Avenue, Chicago, IL 60645 (MLS# 11898862) is a Commercial property that was sold at $584,786 on February 12, 2024. Want to learn more about 7216 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.