Courtesy of @properties Christie's International Real Estate

1113 W Armitage Avenue

Chicago, IL, 60614

$2,950,000

$307 per ft²
$2,950,000
$307 per ft²
Active
Active
 - For Sale
carpenters-square
9,600 ft²
property_type
Commercial
calendar
Built 1935
Welcome to the heart of Lincoln Park and a very unique opportunity! This all brick building is located on a 48 x 100 foot lot just a block for the Armitage/Sheffield El line. Zoned C1-2 which is 2 commercial units and 4 work/live spaces on the 2nd floor. The building is 9600 square feet. On the first floor there is a 3900 sq ft wine club and a 1000 sq ft storefront. On the 2nd level there are 4 units that are all about 1200 sq ft and can easily be combined at any time for larger space. You can also build up one more level and there is currently roof access. Tenants pay all of their own utilities and there is CAM income of $1,040/month. Long term tenants which makes this a perfect opportunity for all investors and currently there is a 5.1% CAP RATE. Building is self managed and easy to upkeep. New roof in 2014 with a warranty.
MLS® ID:
11629943
Listed:
9/12/22
Updated:
12/8/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Zoned

Other Property Details

Area Name
CHI - Lincoln Park
Taxes
$40447
Tax Frequency
per YEAR
Garage
No
Parking
N
Parking Total
1.0
View
N
County
Cook
Pool
No
Total Stories
2
Zoning
MULTI

 

Courtesy of @properties Christie's International Real Estate, Susie Pearson,
Listing Contact:  

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Data last updated 2:21 AM UTC, 12/8/22

 

 

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