9,267 sq ft
Commercial: Multi Family 5+ - MLS# 12036342
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Description
1859 W Chicago Ave is a 9,267 SF mixed-use building located on the corner of Chicago and Wolcott Avenues in the heart of Chicago's Ukrainian Village neighborhood. The property is fully occupied by seven (7) tenants; Ukranian Village Veterinary Center on the first floor, and six (6) residential units on the second through fourth floors. All units were fully rehabbed in 2020. This signalized corner location is surrounded by strong neighborhood retail including Roots Pizza, West Town Bakery, and Cleo's Bar. The property is also just 2 blocks from the neighborhood grocery store, Mariano's. This stabilized property is ideal for an investor looking to enter the growing West Town/Ukrainian Village sub-market. This property is owned by an Illinois Real estate broker.
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60622
- Year Built: 1888
- Sq.Ft.: 9,267 sq ft
- Stories: 4
- Units: 7 units
- Approximate Age: New Rehab
- Building Area Total: 9267
- Built Before 1978 (Y/N): Yes
- Cooling: Central Air
- Directions: At the corner of Chicago Avenue and Wolcott St
- Electric Expense: 537
- Expense Year: 2023
- Gross Income: 260442
- Gross Rent Multiplier: 11.4
- Gross Scheduled Income: 274150
- Heat/Ventilation: Central Heat/Indiv Controls
- Information: List Broker Must Accompany, 48-Hr Notice Required
- Insurance Expense: 3605
- Janitor Expense: 2500
- Lot Size Square Feet: 3020
- Main Type: Commercial Sale
- Maintenance Expense: 5400
- Operating Expense: 65006
- Tax Annual Amount: 25346
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
- Total Annual Expense Source: Actual
- Total Monthly Income: 21703
- Trash Expense: 2379
- Type Multi-Family: Garden Complex
- Water Sewer Expense: 1761
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