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5620 N Western Avenue Chicago, IL $ 1,199,000
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$ 1,199,000 Get more info
5620 N Western Avenue
$ 1,199,000
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Share Save

5620 N Western Avenue

Chicago, IL, 60659
$ 1,199,000
Baths0.0

Monthly Estimate*

$ 8,375

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Studio

Commercial Property for sale in Chicago, IL

for $1,199,000. This building was built in 1938 on a lot size of 0.21522.

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.

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Commercial Active

Price

$ 1,199,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 27,305

Style

Commercial,Office

Lot Size

0.21522

Year Built

1938

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11978562
Features
General
Cooling Central Air
Utilities Electric to Site Gas to Site Water-Municipal
Possession Closing
Zoning COMMR
Year Built 1938
Electric Separate Meters Service - 101 to 200 Amps Three Phase
Tenant Pays Air Conditioning Electricity Heat Scavenger Sewer
Stories 3
Tax Year 2022
Current Use Commercial Office
Gross Income 117626
County Cook
Net Operating Income 81269
Operating Expense 36357
Insurance Expense 2204
Property Type Commercial Sale Mixed Use
Possible Use Conditional Use Special Use Other
Status Active
Directions Just a little North or Bryn Mawr on the west side of the street
City Chicago
Total Units 5
MLS Area CHI - West Ridge
Lot Size Square Feet 9375
Street Name Western
Tax Annual Amount 27305
Electric Expense 0
Fuel Expense 3150
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N Y
Days on Market 37
Standard Status Active
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Interior
Flooring Carpet Wood
Street Suffix Avenue
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Exterior
Lot Dimensions 75 X 125
Frontage Type City Street
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* Excluded Features
List By
Exit Strategy Realty

Broker

exitalberto@gmail.com

Email

Affordability Calculator

$10,651
Per Month
79%
21%
0%
Monthly Principal & Interest
$8,375
Monthly Property Taxes
$2,275
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/11/2024$1,199,000 Listed Price

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5620 N Western Avenue, Chicago, IL, 60659 is a Commercial Property for sale at $1,199,000 with a lot size of 0.21522. 5620 N Western Avenue is a studio with 0.0 baths and was built in 1938. The property's zip code is 60659 which is in Chicago, IL

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