3131-3137 N Central Avenue Chicago, IL ^$ 485,000

3131-3137 N Central Avenue

^$ 485,000

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Recently Listed

3131-3137 N Central Avenue

Chicago, IL, 60634

^$ 485,000

Studio Baths0.0 Sq 3,750

Monthly Estimate*

^$ 3,388

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Studio

Commercial Property for sale in Chicago, IL

for $485,000. This 3,750 square foot building was built in 1950 on a lot size of 0.144628.

Great investment store front building in the heart of Belmont-Central area. The building is zoned B3-2 and consists of three individual stores (approx 1250 SF each) within two parcels totalling approximately 3750 SF of building space on a 50x126 lot. 3131 is rented through September 2025 and 3135 & 3137 are leased through December 2028 with interest in future renewals. Please allow 48 hour notice for listing agent to accompany showings.

Commercial Active

Price

^$ 485,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 16,858

Style

Commercial

Lot Size

0.144628

Year Built

1950

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12027763

Features

General

Cooling Central Air

Utilities Electric to Site Gas to Site Sanitary Sewer Water-Municipal

Possession Closing

Roof Rubber

Zoning COMMR

Construction Materials Brick

Year Built 1950

Electric Circuit Breakers

Tenant Pays Air Conditioning Electricity Heat Insurance

Stories 1

Township Jefferson

Property SubType Strip Center

Tax Year 2022

Current Use Commercial

County Cook

Net Operating Income 32302

Insurance Expense 2200

Property Type Commercial Sale Retail/Stores

Status Active

Directions Central Ave just S of Belmont Ave on the E side of street

City Chicago

Total Units 3

MLS Area CHI - Belmont Cragin

Lot Size Square Feet 6300

Street Name Central

Tax Annual Amount 16858

Water Sewer Expense 2400

Additional Parcels Y/N Y

Leasable Area 3750

Days on Market 6

Lease Type Gross

Standard Status Active

Exterior

Foundation Details Concrete Perimeter

Building Area Total 3750

Lot Dimensions 50X126`

Frontage Type City Street

Exterior Brick

Interior

Street Suffix Avenue

* Excluded Features

List By

Keller Williams Thrive

Broker

bdafnis@gmail.com

Affordability Calculator

$4,793

Per Month

Monthly Principal & Interest: $3,388
Monthly Property Taxes: $1,405
Monthly Home Insurance: --

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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.

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Nearby

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$839,931

Percent of Sale Price 73%

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
4/12/2024	$485,000		Listed Price

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3131-3137 N Central Avenue, Chicago, IL, 60634 is a Commercial Property for sale at $485,000 with 3,750 sqft and a lot size of 0.144628. 3131-3137 N Central Avenue is a studio with 0.0 baths and was built in 1950. The property's zip code is 60634 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.

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

Data is updated as of 5/2/2024.

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3131-3137 N Central Avenue

Commercial Property for sale in Chicago, IL

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