6,500 sq ft
Commercial: Mixed Use - MLS# 12498219
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Description
East Albany Park neighborhood at its best commercial corridor of retail/pedestrian traffic. The corner of Montrose Ave., at Whipple Ave., just east of Kedzie Ave., traffic light intersection. 2024, recent improvements exceeded $200,000. Approximately 7,470 Sq. ft. of land and 6,500 Sq. ft. of mixed-use building. 2-pin numbers front and back. Offering the possibility of erecting another multi/mixed-use building on the rear pin number with the address of 4410 N. Whipple Ave. Current existing building featuring 5-Commercial stores leased to 3-different tenants/users. 2-Residnetial units on the 2nd level, consisting of 2-bedrooms 1-bath each. NEARBY retailers, include, Walgreens, Starbucks, Dunkin Donates, restaurants and shops. Strong street presence and exposure. Walking distance to all convenient retailers, shops, entertainment places, and public transportation. Rear metal gated parking offers 15-Spaces. Great location, close to major roads, interstates, O'Hare Airport, downtown, and within short distance to Lake Shore Dr.
Features
- Property Type: Commercial
- Sub Type: Mixed Use
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60618
- Year Built: 1921
- Sq.Ft.: 6,500 sq ft
- Stories: 2
- Units: 7 units
- # Of Apts: 2
- # Of Stores: 5
- # Of Tenants: 5
- Approximate Age: Older
- Building Area Total: 6500
- Built Before 1978 (Y/N): Yes
- Construction Materials: Concrete, Brick
- Cooling: Central Air
- Directions: Kedzie Ave to Montrose Ave. east to address California Ave. to Montrose Ave. west to address
- Electric: Service - 201 to 600 Amps
- Expense Year: 2024
- Fire Protection: Fire Extinguisher/s
- Foundation Details: Concrete Perimeter
- Geographic Locale: Chicago Northwest
- Gross Income: 148776
- Gross Scheduled Income: 148776
- Information: 48-Hr Notice Required
- Insurance Expense: 12000
- Lot Size Square Feet: 7470
- Main Type: Commercial Sale
- Other Expense: 5000
- Other Expense Source: Actual
- Outdoor Parking: 13-18 Spaces
- Property Sub Type: Mixed Use
- Tax Annual Amount: 16000
- Tax Year: 2023
- Total Monthly Income: 12398
- Water Sewer Expense: 3500
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