3701 N ELSTON Avenue
Chicago, IL 60618

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Description

Asking price of $900,000. Mixed use building in Avondale with a total of 6 units. 3 retail spaces on ground floor. 2 apartments on second floor (1bd unit and 2bd unit) along with 1 office on second floor. Second floor office could be converted to an apartment or added to the existing 1bd unit to create a larger unit. One parking spot in the rear. B3-1 zoning. Pro Forma NOI of $78,128. Ground floor retail unit (3701) has been leased. Second floor office is vacant upon sale. Building insurance is $3,216.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60618
• Year Built: 1927
• Sq.Ft.: 5,940 sq ft
• Stories: 2
• Units: 5 units
• Zoning: COMMR
• # Of Apts: 1
• # Of Offices: 2
• # Of Stores: 2
• # Of Tenants: 4
• Approximate Age: Older
• Building Area Total: 5940
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Cooling: Central Air, Partial
• Directions: On Elston Avenue, just north of Addison Street and just south of Irving Park Road. Located 0.5 miles from Metra, CTA L and I-94 Expressway.
• Electric: Separate Meters
• Electric Expense: 1284
• Electric Expense Source: Broker Projection
• Expense Year: 2020
• Geographic Locale: Chicago North
• Gross Income: 95148
• Gross Rent Multiplier: 9.46
• Gross Scheduled Income: 95148
• Heat/Ventilation: Forced Air
• Information: List Broker Must Accompany
• Insurance Expense: 3216
• Insurance Expense Source: Broker Projection
• Lot Size Square Feet: 4217
• Main Type: Commercial Sale
• Operating Expense: 17020
• Property Sub Type: Mixed Use
• Roof Structure: Flat
• Tax Annual Amount: 9827
• Tax Year: 2020
• Tenant Pays: Air Conditioning, Electricity, Heat
• Total Monthly Income: 7929
• Township: North Chicago
• Water Expense Source: Broker Projection
• Water Sewer Expense: 150