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$ 775,000
Est. payment | /mo
3,371 SqFt
$ 775,000
Est. payment | /mo
3,371 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,371 sqft
Price per Sqft $229
MLS Listing ID 12476213
Year Built 1914
Annual Tax Amount $8,826
Tax Year 2023
Lot Dimensions 23x125
Property Sub-Type Mixed Use
Property Description
An excellent investment opportunity, this charming two-story mixed-use building is ideally positioned along Milwaukee Avenue, adjacent to Logan Square, in Chicago's rapidly developing Avondale neighborhood. Situated in a prime location, it boasts convenient access to the CTA Blue Line, buses, and I-90/94, surrounded by a dynamic mix of local and national businesses, including restaurants, cafes, and boutiques. This well-maintained property features a first-floor storefront (1,720 SF) leased to a catering company, ensuring a steady income stream with three years remaining on the lease. The 2nd floor is currently configured as two apartments: the front unit is a one bedroom, one bathroom on a month-to-month lease, and the rear apartment is a vacant two-bedroom, one-bathroom with an enclosed porch ready for a new tenant or updates to maximize rental income. A two-car garage provides additional income. Offering a excellent annual income, this property represents a solid investment opportunity. The retail lease secured through October 2028 ensures immediate, stable cash flow while supporting long-term value growth. Come be a part of this dynamic community and benefit from its continued development! Please do not disturb tenants.
Location
State IL
County Cook
Area Chi - Avondale
Zoning COMMR
Interior
Cooling Central Air, Partial, Window Unit(s)
Fireplace N
Building
Dwelling Type Mixed Use
Structure Type Brick
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Listed by Kieran Conlon of Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
managingbroker@legacypropertiesil.com
2325 Dean St, Suite 900, St Charles, Illinois, 60175, USA