2834 N Southport Avenue Chicago, IL 60657

$2,385,000
2834 N Southport Avenue, Chicago, IL 60657
09882968

Commercial Property for sale in Chicago, IL

for $2,385,000. This 7,800 square foot building was built on a lot size of 25X122.

Property Information

  • $2,385,000
  • Commercial
  • 7,800 Square Feet
  • Taxes are $17,029
  • Mixed Use
  • Active
  • 3 Floors
  • Lot size of 25X122
  • Chicago, IL
  • Lakeview Neighborhood
  • Cook County
  • MLS/Web ID is 09882968

Description

Over $100k Price Reduction! Fully leased, mixed-use corner building on Southport in Chicago's highly sought after Lakeview neighborhood. Property includes 3 apts + 1 ground floor restaurant space, leased to Sal's Trattoria , an acclaimed Italian eatery. Approx. 7800 SF, 3-story building + usable bsmt has excellent visibility along Southport Ave. Consists of one, 1200 SF restaurant space w/ additional 1800 SF lower level, two approx. 2000 SF 4 bed/2.5 bath apts & one approx. 800 SF 1 bed/1 bath apt. Complete renovation in 2017, apts are in exceptional condition: all new kitchens, stainless steel appliances, bathrooms, hardwood floors, lighting and in-unit laundry. Utilities & HVAC are separate per unit, providing minimal operating expense basis to property owner. 2 parking spaces included. Restaurant tenant, Sal's Trattoria, is on new long term lease, received substantial improvements, seats 40 inside and has outdoor area w/ 50 +/- seats.

Interior 3

Cooling System

  • Central Air

Heating System

  • Forced Air
  • Gas

Sewer

  • Sanitary
  • Storm Sewer

Exterior 5

Construction

  • Brick

Exterior

  • Patio

Parking

  • 1-20 Parking Spaces

Road Frontage

  • City Street

Roof

  • Membrane

Miscellaneous 3

Documents

  • Backup Package

Location

  • Mixed Use

Utilities

  • Electric
  • Water

Rental 1

Tenant Pays

  • Other Expenses

† Excluded Feature

Listed By

Broker: SPERRY VAN NESS

2834 N Southport Avenue, Chicago, IL, 60657 is a Commercial Property for sale at $2,385,000 with 7,800 sqft and a lot size of 25X122. The property's zip code is 60657 which is in Chicago, IL

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Pricing History

Date Price Price Change Description
6/7/2018 $2,385,000 -4.56 % Price Change
6/7/2018 $2,499,000 Price Change
3/13/2018 $2,499,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Chicago $556,642 77 % below $349,000 85 % below
Commerical listings in Chicago $710,013 70 % below $399,900 83 % below

Get the facts about Chicago, IL!

Population 2,758,555
Population Growth (since 2000) -4 %
Median Income $49,562
Median Age 34.83
Households w/ Children 25 %

Residential Dwellings

  • Owned 491166
  • Vacant 139733
  • Rented 585273

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Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363