1964 W Lawrence Avenue
Chicago, IL 60640

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Description

Surrounded by new development including Devry's new campus and tons of new, luxury residential units within blocks. Located on Lawrence, just east of Damen. Fully leased Commercial space (3200 sf). Existing kitchen has black iron, 16 ft. hood, two walk in coolers and three compartment sink. Lots of space for storage and entire back room can be turned into a cooler for wholesale work or large prep. Large Front windows plus dining area includes two ADA bathrooms with double stalls. Recently Renovated Second level contains large 3BD/1BA apartment with long term tenants and rear outdoor patio. Building runs lot line to lot line. 0.2 Miles to the Damen Brown Line CTA Station, 0.2 Miles to the Ravenswood Metra Station, multiple bus stops and Divvy stations plus close access to Lake Shore Drive. Area tenants include: Goundswell Coffee Roasters, CVS, Wendy's, Rock N Roll Vintage Chicago Guitar Shop, Chase Bank, Mariano's, Sears Auto Center and much more.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60640
• Year Built: 1908
• Stories: 2
• Units: 2 units
• # Of Apts: 1
• # Of Stores: 1
• # Of Tenants: 2
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Cap Rate: 8.24
• Cooling: Central Air
• Directions: STARTING AT DAMEN AND LAWRENCE, HEAD EAST TO 1964
• Electric: Separate Meters
• Electric Expense Source: Owner Projection
• Expense Year: 2024
• Fuel Expense Source: Owner Projection
• Geographic Locale: Chicago North
• Gross Income: 88427
• Gross Rent Multiplier: 9.4
• Gross Scheduled Income: 95436
• Heat/Ventilation: Central Heat/Indiv Controls
• Information: 24-Hr Notice Required, List Broker Must Accompany
• Insurance Expense: 5256
• Insurance Expense Source: Owner Projection
• Lot Size Square Feet: 3720
• Main Type: Commercial Sale
• Operating Expense: 20140
• Original Rental Price: 15.75
• Other Expense: 500
• Other Expense Source: Owner Projection
• Rental Price: 15.75
• Tax Annual Amount: 16892.85
• Tax Year: 2024
• Total Annual Expense Source: Owner Projection
• Total Monthly Income: 7369
• Trash Expense Source: Owner Projection
• Water Expense Source: Owner Projection