1734 - 1736 W North Avenue Chicago, IL $ 1,999,995
1734 - 1736 W North Avenue
$ 1,999,995
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1734 - 1736 W North Avenue

Chicago, IL, 60622
$ 1,999,995
Baths0.0 Sq 11,450

Monthly Estimate*

$ 13,971

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Studio

Commercial Property for sale in Chicago, IL

for $1,999,995. This 11,450 square foot building was built in 1893 on a lot size of 0.142332.

A TWO BUILDING INVESTMENT PACKAGE and Future Development Opportunity in Wicker Park/Bucktown. Unlock the potential of Chicago's vibrant Wicker Park neighborhood with this two-for-one sale, a prime investment and future development opportunity. Nestled at the corner of North Ave & Hermitage, this mixed-use property comprises two distinct parcels, each with its own PIN #, and is strategically zoned B3-3 perfect for seasoned investors and developers. ****1734 W. North Ave boasts a 2-story structure with a basement, offering approximately 6,200 SF of commercial space. Additionally, it features two apartments, each comprising 2 beds/1 bath. On the adjacent parcel, ****1736 W. North Ave, a 3-story building with a basement provides around 5,250 SF of commercial space. This parcel further includes four apartments, each featuring 2 beds/1 bath, and the added convenience of four dedicated parking spaces. Strategically positioned on the bustling North Avenue, this property capitalizes on high traffic flow, surrounded by an array of bars, eateries, and unique shops. Accessibility is key, with the 90/94 Expressway easily reachable and the Damen Blue Line 'L' Station just 0.6 miles away. This station offers direct routes to the Chicago Loop and O'Hare Airport, ensuring seamless connectivity for residents and patrons alike. For those seeking outdoor recreation, the property is just a 3-minute walk from the access point to "The 606", an elevated public trail that adds an attractive dimension to the area. The potential for both immediate commercial returns and long-term development gains makes this property a compelling choice. To further assist your due diligence, a survey and information on several area incentives are available upon request. Seize this opportunity! contact us now to explore the possibilities. (The building data in this listing combines county based data for two properties.)

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Commercial Active

Price

$ 1,999,995

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 42,320

Style

Commercial

Lot Size

0.142332

Year Built

1893

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11952661

Features
General
Cooling Partial
Possession Closing
Roof Rubber
Zoning COMMR
Construction Materials Brick
Year Built 1893
Electric Circuit Breakers
Tenant Pays Electricity
Stories 5
Township West Chicago
Property SubType Mixed Use
Tax Year 2022
Current Use Commercial
Gross Income 152280
County Cook
Net Operating Income 86070
Operating Expense 66209
Insurance Expense 8400
Property Type Commercial Sale Mixed Use
Status Active
Directions East or West on North Avenue to 1734 and 1736 W North Avenue
City Chicago
Total Units 8
MLS Area CHI - West Town
Lot Size Square Feet 6200
Street Name North
Tax Annual Amount 42320
Electric Expense 9600
Fuel Expense 2400
Trash Expense 0
Water Sewer Expense 3240
Additional Parcels Y/N Y
Virtual Tour https://protect-usb.mimecast.com/s/-57zC93v7ZImrBLBKSZvMQ2?domain=player.vimeo.comeria
Days on Market 45
Lease Type Modified Gross
Standard Status Active
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Exterior
Foundation Details Block Stone
Building Area Total 11450
Lot Dimensions 50 X 124
Frontage Type City Street
Exterior Brick
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Interior
Street Suffix Avenue
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* Excluded Features
List By
Coldwell Banker Realty

Broker

michael.lafargue@cbexchange.com;michael.lafargue@cbexchange.com

Email

Affordability Calculator

$17,497
Per Month
80%
20%
0%
Monthly Principal & Interest
$13,971
Monthly Property Taxes
$3,527
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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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/7/2024$1,999,995 Listed Price

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1734 - 1736 W North Avenue, Chicago, IL, 60622 is a Commercial Property for sale at $1,999,995 with 11,450 sqft and a lot size of 0.142332. 1734 - 1736 W North Avenue is a studio with 0.0 baths and was built in 1893. The property's zip code is 60622 which is in Chicago, IL