3,304 sq ft
Commercial: Mixed Use - MLS# 12436480
Tools & Resources:
Description
Prime Avondale investment opportunity! This 4-unit mixed-use building features two live/work units on the ground floor and two residential apartments above. With quality updates completed within the past 10 years, this property is ideal for long-term investors seeking strong, stable income. Offering a 6.67% cap rate, it's a perfect fit for a growing portfolio or 1031 exchange. Situated in the heart of Avondale-one of Chicago's fastest-rising neighborhoods and nationally ranked among the hottest in the country-this building benefits from high visibility, excellent transit access, and close proximity to local dining, retail, and major expressways. A rare opportunity in a high-demand corridor.
Features
- Property Type: Commercial
- Sub Type: Mixed Use
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60618
- Year Built: 1914
- Sq.Ft.: 3,304 sq ft
- Stories: 2
- Units: 4 units
- Zoning: MULTI
- # Of Apts: 2
- # Of Dishwashers: 4
- # Of Dryers: 4
- # Of Stores: 2
- # Of Washers: 4
- Approximate Age: Older
- Building Area Total: 3304
- Built Before 1978 (Y/N): Yes
- Construction Materials: Brick
- Cooling: Central Air
- Directions: BELMONT EAST OF PULASKI
- Electric: Circuit Breakers
- Fire Protection: Smoke or Fire Protectors
- Geographic Locale: Chicago North
- Gross Income: 6825
- Gross Scheduled Income: 81800
- Heat/Ventilation: Forced Air
- Information: 24-Hr Notice Required
- Lot Size Square Feet: 3696
- Main Type: Commercial Sale
- Operating Expense: 15301
- Outdoor Parking: 1-5 Spaces, Secured
- Property Sub Type: Mixed Use
- Tax Annual Amount: 8301
- Tax Year: 2023
- Total Monthly Income: 6825
- Township: Jefferson
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