2,821 sq ft
Commercial: Mixed Use - MLS# 12439995
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Description
Welcome to an exceptional opportunity at 5818 W North Ave, a magnificent mixed-use property that combines charm, character, and limitless potential, located in the heart of the vibrant community of Chicago. This property has been cherished for over 20 years as a beloved church, and it now awaits a visionary buyer ready to embrace its unique legacy.Step inside to experience the inviting atmosphere, accentuated by the stunning decor featuring royal purple pews and comfortable chairs that create a warm, welcoming space for worship and community gatherings. The fully equipped sound system along with musical instruments will enable your congregation to flourish in this beautifully appointed environment.The property boasts a spacious basement that acts as a communal dining area, perfect for fellowship and celebrations. It also includes a well-maintained kitchen and an office space, providing the versatility needed for both operational efficiency and comfort.As a valuable asset for the new owner, the second level features a charming 4-bedroom apartment, offering ample space and privacy. This level not only adds significant income potential but also presents an ideal living quarters for the new owner. With just a touch of tender loving care, this living space can be transformed into a cozy home or an income-generating retreat.Located in a bustling neighborhood, this property is conveniently accessible, making it an attractive option for your congregation, clients, or tenants. The blend of commercial and residential spaces offers a unique business model, combining community service and potential rental income.Don't miss the chance to own a property steeped in history and ready for a bright future. Schedule a viewing today and imagine the countless possibilities that await you at 5818 W North Ave.
Features
- Property Type: Commercial
- Sub Type: Mixed Use
- Listing Status: Active Under Contract
- County/Area: Cook County
- Zip Code: 60639
- Year Built: 1924
- Sq.Ft.: 2,821 sq ft
- Stories: 2
- Units: 2 units
- Zoning: COMMR
- # Of Apts: 1
- # Of Offices: 1
- # Of Ranges: 2
- # Of Stores: 2
- Approximate Age: Older
- Building Area Total: 2821
- Built Before 1978 (Y/N): Yes
- Construction Materials: Brick
- Cooling: Central Air
- Directions: North on Austin Ave, East down North Ave to the property.
- Electric: Circuit Breakers, Separate Meters
- Electric Expense Source: Owner Projection
- Fuel Expense Source: Owner Projection
- Geographic Locale: Chicago West
- Gross Income: 1600
- Gross Rent Multiplier: 19.5
- Gross Scheduled Income: 19200
- Heat/Ventilation: Forced Air
- Information: List Broker Must Accompany
- Insurance Expense Source: Owner Projection
- Lot Size Square Feet: 3049
- Main Type: Commercial Sale
- Original Rental Price: 11
- Outdoor Parking: 1-5 Spaces, Parking On-Site
- Rental Price: 11
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
- Total Monthly Income: 1600
- Trash Expense Source: Owner Projection
- Water Expense Source: Owner Projection
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