1216 W Grand Ave - Storefront Retail/Residential FOR SALE


Chicago, IL 60642- West Town
$995,000 USD
847-338-2022
1216 W Grand Ave, Chicago, IL for Sale
$995,000 USD
Storefront Retail/Residential - FOR SALE
1/28
null | 2.67% Cap Rate

1216 W Grand Ave
Chicago, IL 60642
West Town


HIGHLIGHTS

  • 4,850 SF Three-story mixed-use Retail & Apartment building For Sale
  • 1st Floor 1,800 SF Vacant Commercial Space (retail, office, service etc…)
  • 2nd floor & 3rd floor apartments (Both leased Month to Month)
  • Two, 2 bedroom & 2 bath units rented for $2,200 per month each
  • Asking Sale Price: $995,000 Unique Live/Work Opportunity
  • Located on North side of Grand Ave between Ogden Ave & Racine Ave

OVERVIEW

For Sale: 3 Story Mixed Use retail/apartment Building Asking Sale Price: $995,000 4,850 SF Bldg Size(1st Floor Retail & 2 apartment units) 1st Floor 1,800 SF (Vacant retail, office or service space) 2nd & 3rd floor apartments are leased with in-place income (Month to month leases) Existing Monthly income = $4,400 per month Ideal opportunity for user/investor to occupy 1st floor retail space and collect apartment lease income Unique Live/Work Space opportunity Located on North side of Grand Ave between Ogden Ave & Racine Ave Includes 1,800 SF OF Bonus Basement Space SUBJECT PROPERTY HIGHLIGHTS • 4,850 SF Three-story mixed-use Retail & Apartment building For Sale • 1st Floor 1,800 SF Commercial Space (retail, office, service etc…) • 2nd floor & 3rd floor apartments (Both leased Month to Month) (Two, 2 bedroom & 2 bath units rented for $2,200 per month each) • includes numerous upgrades and renovations • Zoning C1-2: Neighborhood Commercial District, Retail/Office and Apartments • Lot Size: 2,544sf • Private 2 Car Garage and Public Street Parking available • Existing Monthly Income from 2 M/M apartment leases = $4,400 per month • Real Estate Taxes: $16,506.61 • Current Occupancy: 67% (2 Apartments leased & 1 Vacant Retail space) • Located just NW of Thriving Fulton Market District • Excellent visibility near bustling Ogden & Grand Corridors • PIN: 17-08-129-015-0000 • Located on North side of Grand Ave between Ogden Ave & Racine Ave. • Ideal opportunity for user/investor to occupy 1st floor retail space and collect apartment lease income • Unique Live/Work Opportunity

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$205 USD /SF

CAP RATE

2.67%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Grand Ave Mixed Use Retail & Apartment Bldg

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

CROSS STREETS

N Ogden Ave

LAND ACRES

0.06 AC

LAND SF

2,544 SF

ZONING

C1-2

APN/PARCEL ID

17-08-129-015-0000

ASK ABOUT THIS PROPERTY

Randy OlczykChicagoland Commercial Real EstateMore Info
847-338-2022

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Randy OlczykChicagoland Commercial Real EstateMore Info
847-338-2022

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.