1703 W Chicago Avenue Chicago, IL ^$ 2,590,000

1703 W Chicago Avenue

^$ 2,590,000

Back to search

1703 W Chicago Avenue

Chicago, IL, 60622

^$ 2,590,000

Studio Baths0.0 Sq 6,200

Monthly Estimate*

^$ 18,092

1703 W Chicago Avenue, Chicago, IL 60622 - Image 1

1703 W Chicago Avenue, Chicago, IL 60622 - Image 2

1703 W Chicago Avenue, Chicago, IL 60622 - Image 3

1703 W Chicago Avenue, Chicago, IL 60622 - Image 4

1703 W Chicago Avenue, Chicago, IL 60622 - Image 5

1703 W Chicago Avenue, Chicago, IL 60622 - Image 6

1703 W Chicago Avenue, Chicago, IL 60622 - Image 7

1703 W Chicago Avenue, Chicago, IL 60622 - Image 8

1703 W Chicago Avenue, Chicago, IL 60622 - Image 9

1703 W Chicago Avenue, Chicago, IL 60622 - Image 10

1703 W Chicago Avenue, Chicago, IL 60622 - Image 11

1703 W Chicago Avenue, Chicago, IL 60622 - Image 12

1703 W Chicago Avenue, Chicago, IL 60622 - Image 13

1703 W Chicago Avenue, Chicago, IL 60622 - Image 14

1703 W Chicago Avenue, Chicago, IL 60622 - Image 15

1703 W Chicago Avenue, Chicago, IL 60622 - Image 16

1703 W Chicago Avenue, Chicago, IL 60622 - Image 17

1703 W Chicago Avenue, Chicago, IL 60622 - Image 18

1703 W Chicago Avenue, Chicago, IL 60622 - Image 19

1703 W Chicago Avenue, Chicago, IL 60622 - Image 20

1703 W Chicago Avenue, Chicago, IL 60622 - Image 21

1703 W Chicago Avenue, Chicago, IL 60622 - Image 22

1703 W Chicago Avenue, Chicago, IL 60622 - Image 23

1703 W Chicago Avenue, Chicago, IL 60622 - Image 24

1703 W Chicago Avenue, Chicago, IL 60622 - Image 25

1703 W Chicago Avenue, Chicago, IL 60622 - Image 26

1703 W Chicago Avenue, Chicago, IL 60622 - Image 27

1703 W Chicago Avenue, Chicago, IL 60622 - Image 28

1703 W Chicago Avenue, Chicago, IL 60622 - Image 29

1703 W Chicago Avenue, Chicago, IL 60622 - Image 30

1703 W Chicago Avenue, Chicago, IL 60622 - Image 31

1703 W Chicago Avenue, Chicago, IL 60622 - Image 32

1703 W Chicago Avenue, Chicago, IL 60622 - Image 33

1703 W Chicago Avenue, Chicago, IL 60622 - Image 34

1703 W Chicago Avenue, Chicago, IL 60622 - Image 35

1703 W Chicago Avenue, Chicago, IL 60622 - Image 36

1703 W Chicago Avenue, Chicago, IL 60622 - Image 37

1703 W Chicago Avenue, Chicago, IL 60622 - Image 38

1703 W Chicago Avenue, Chicago, IL 60622 - Image 39

1703 W Chicago Avenue, Chicago, IL 60622 - Image 40

Studio

Commercial Property for sale in Chicago, IL

for $2,590,000. This 6,200 square foot building was built in 2021 on a lot size of 0.070822.

Built in 2021 Mixed Use 4-Unit Building in West Town. First floor retail storefront, currently used as a restaurant on a NNN lease and 3 condo quality 2Bed apartments... Passive Turn Key Investment... Sleek, modern interiors designed with an eye for both style and functionality. From open-concept layouts to high-end finishes. Hardwood floors throughout, central HVAC, Washer&Dryer, modern cabinets and tile selections, private outdoor space. Smart turn key newer construction investment building grossing over $200,000 in income with 6.5% cap rate Low Expenses, NNN Lease on Retail Space, Prime Location. Conveniently located in the heart of Chicago this building offer easy access to the city's best dining, shopping, and entertainment options.

Commercial Active

Price

^$ 2,590,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 31,223

Style

Lot Size

0.070822

Year Built

2021

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12010469

Features

General

Cooling Central Individual

Construction Materials Concrete

Year Built 2021

Electric Separate Meters

Tenant Pays Electricity Heat Taxes Insurance Sewer Other

Stories 4

Property SubType Restaurant

Tax Year 2022

Gross Income 212624

County Cook

Net Operating Income 170083

Operating Expense 42540

Insurance Expense 5149

Property Type Commercial Sale Retail/Stores

Status Active

Directions One block West of Ashland Ave on the South side of Chicago Ave.

City Chicago

Total Units 4

MLS Area CHI - West Town

Lot Size Square Feet 3085

Street Name Chicago

Tax Annual Amount 31223

Electric Expense 0

Fuel Expense 0

Trash Expense 672

Water Sewer Expense 3696

Additional Parcels Y/N N

Leasable Area 0

Days on Market 7

Lease Type Net

Standard Status Active

Exterior

Foundation Details Concrete Perimeter

Building Area Total 6200

Lot Dimensions 25X124

Frontage Type City Street

Interior

Street Suffix Avenue

* Excluded Features

List By

Komar

Broker

okomarnytskyy@gmail.com; ok@komarrealestate.com

Affordability Calculator

$20,694

Per Month

Monthly Principal & Interest: $18,092
Monthly Property Taxes: $2,602
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW!

Nearby

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$833,097

Percent of Sale Price 68%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/21/2024	$2,590,000		Listed Price

Map

More homes like this one

homes for you

See all

1703 W Chicago Avenue, Chicago, IL, 60622 is a Commercial Property for sale at $2,590,000 with 6,200 sqft and a lot size of 0.070822. 1703 W Chicago Avenue is a studio with 0.0 baths and was built in 2021. The property's zip code is 60622 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

http://www.mredllc.com/comms/resources/DMCA_Notice.pdf

Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 4/30/2024.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

1703 W Chicago Avenue

Commercial Property for sale in Chicago, IL

Affordability Calculator

Map

More homes like this one

Get more info about this home