1153 W Grand Avenue
Chicago, IL 60642

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Description

Great Redevelopment Opportunity. Mixed use building with great potential for high invesment returns. Improvements include 2 structures on the site totaling 6 units. There is a 5 unit mixed use building fronting Grand Ave that has one store and 4 apartments. There is a 3 Story coach house on the rear of the lot. The site is located on Grand Ave a 1/2 block east of Racine. The area is bustling with restaurants, shops and service buisnessess. There is newer high end residential and mixed use developments in this corridor that is nestled in an area that is centered around the Fulton Market District, Goose Island and Bucktown. This near northwest side site offers a great opportunity for redeveleopment in a rapidly growing market.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60642
• Year Built: 1918
• Sq.Ft.: 5,000 sq ft
• Stories: 2
• Units: 6 units
• Zoning: COMMR
• # Of Apts: 5
• # Of Stores: 1
• # Of Tenants: 3
• Approximate Age: Older
• Building Area Total: 5000
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Cooling: Window Unit(s)
• Directions: Racine to Grand Ave. Property is a 1/2 block east of Racine
• Electric: Circuit Breakers
• Electric Expense: 700
• Expense Year: 2024
• Fire Protection: Smoke or Fire Protectors
• Flooring: Concrete, Wood
• Geographic Locale: Chicago Northwest
• Gross Income: 43200
• Gross Rent Multiplier: 27.7
• Gross Scheduled Income: 43200
• Heat/Ventilation: Forced Air
• Information: 48-Hr Notice Required
• Insurance Expense: 5900
• Lot Size Square Feet: 3750
• Main Type: Commercial Sale
• Ownership Type: Corporation
• Property Sub Type: Mixed Use
• Retail SqFt: 2500
• Roof Structure: Flat
• Tax Annual Amount: 14813
• Tax Year: 2023
• Total Monthly Income: 3600
• Township: West Chicago
• Utilities: Electric to Site, Natural Gas Available
• Water Sewer Expense: 1900