4841 N Western Avenue Chicago, IL $ 3,195,000
4841 N Western Avenue
$ 3,195,000
New Construction
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4841 N Western Avenue

Chicago, IL, 60625
$ 3,195,000
Baths0.0 Sq 24,135

Monthly Estimate*

$ 22,318

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4841 N Western Avenue, Chicago, IL 60625 - Image 10
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Studio

Commercial Property for sale in Chicago, IL

for $3,195,000. This 24,135 square foot building was built in 1930 on a lot size of 0.306428.

The subject property is located at 4841-4851 North Western Ave., Chicago, IL 60625 (the "Property"). This is an urban mixed-use (retail/residential) building located in Chicago's dense and affluent Lincoln Square neighborhood. The subject property is zoned B3-1 and situated in a mixed commercial and residential city setting. It features a vacant two-story building, 16,135 SF GLA (above grade), plus 8,000 SF basement of which 6,848 SF is finished and utilized as additional showroom space, and 13,348 SF or (0.31 AC) rectangular-shaped site. Preliminary plans for a 5-story mixed-use containing both retail and residential units available on request. The latest neighborhood investments: such as new construction, condos, rentals, restaurants, nightlife, and supermarkets have steadily brought in new homeowners and tenants to this thrilling neighborhood of Chicago. The subject property presents the unique opportunity to acquire a stand-alone building in the Lincon Square district.

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Commercial Active

Price

$ 3,195,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 62,619

Style

Commercial

Lot Size

0.306428

Year Built

1930

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11940925

Features
General
Cooling Central Air
Possession Closing Negotiable
Zoning COMMR
Construction Materials Brick Concrete
Year Built 1930
Electric Over 600 Amps Power - 240V
Tenant Pays Other
Stories 2
Property SubType Condominium Free Standing Store Shopping Center
Tax Year 2022
Current Use Commercial Other
Gross Income 0
County Cook
Net Operating Income 0
Insurance Expense 0
Property Type Commercial Sale Retail/Stores
Status Price Change
Directions Lawrence to Western North to property
City Chicago
Total Units 0
MLS Area CHI - Lincoln Square
Lot Size Square Feet 13348
Street Name Western
Tax Annual Amount 62619
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N Y
Leasable Area 24135
Virtual Tour https://tours.vht.com/BWI/T434359084/nobranding
Days on Market 107
Lease Type N/A
Standard Status Active
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 24135
Lot Dimensions 124.83X106.18
Frontage Type City Street Public Road
Exterior Brick
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Interior
Street Suffix Avenue
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* Excluded Features
List By
Baird & Warner

Broker

wesley.jonberg@bairdwarner.com

Email

Affordability Calculator

$27,536
Per Month
81%
19%
0%
Monthly Principal & Interest
$22,318
Monthly Property Taxes
$5,218
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/23/2024$3,195,000 -11.13% Price Down
3/4/2024$3,595,000 -5.27% Price Down
2/28/2024$3,795,000 -6.30% Price Down
1/8/2024$4,050,000 Listed Price

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4841 N Western Avenue, Chicago, IL, 60625 is a Commercial Property for sale at $3,195,000 with 24,135 sqft and a lot size of 0.306428. 4841 N Western Avenue is a studio with 0.0 baths and was built in 1930. The property's zip code is 60625 which is in Chicago, IL