2,407 sq ft
Commercial: Mixed Use - MLS# 12480260
Tools & Resources:
Description
Outstanding investment opportunity in Lincoln Square! City zoned 3 unit. This well-maintained mix use building is a rare find in one of Chicago's most desirable neighborhoods. Main level is a doggie day care and grooming studio and upstairs is a 2-bedroom apartment that features separate living and dining rooms, updated kitchen and bathroom, in unit laundry and separate utilities-making property management simple and tenant turnover seamless. Just steps from the Brown Line, Winnemac Park, and the vibrant Lincoln Square corridor filled with shops, restaurants, and nightlife. The area continues to grow, with new condo developments nearby boosting long-term property value and rental demand. Additional features include: rear patio - perfect for shared outdoor space and detached 2 story 2-car garage for added rental income or owner use. Bonus: The adjacent property at 5011 N Western is also available - offering a unique chance to acquire side-by-side buildings in a thriving location. Ideal for investors looking to expand their portfolio with value-add opportunities in a high-demand area. Per City of Chicago B3-3 zoning.
Features
- Property Type: Commercial
- Sub Type: Mixed Use
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60625
- Year Built: 1907
- Sq.Ft.: 2,407 sq ft
- Stories: 2
- Units: 2 units
- # Of Apts: 1
- # Of Dryers: 1
- # Of Ranges: 1
- # Of Refrigs: 1
- # Of Stores: 1
- # Of Washers: 1
- Approximate Age: Older
- Building Area Total: 2407
- Built Before 1978 (Y/N): Yes
- Cooling: Central Air
- Directions: On Western between Foster and Lawrence on east side of street
- Electric: Circuit Breakers
- Geographic Locale: Chicago North
- Gross Income: 43200
- Gross Rent Multiplier: 12
- Gross Scheduled Income: 43200
- Heat/Ventilation: Forced Air, Gas
- Information: List Broker Must Accompany, 48-Hr Notice Required
- Insurance Expense: 2945
- Lot Size Square Feet: 2548
- Main Type: Commercial Sale
- Property Sub Type: Mixed Use
- Tax Annual Amount: 7894.39
- Tax Year: 2024
- Total Actual Rent: 3600
- Total Monthly Income: 3600
- Township: Lake View
- Water Sewer Expense: 920
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