Chicago, IL 60618

More
Photos »

Tools & Resources:

Description

Stunning Live/Work Property in the Heart of Irving Park This beautifully renovated property offers incredible versatility for live/work buyers or savvy investors. Completely updated in 2020, the building boasts modern finishes and exceptional design throughout. Second Floor Unit: This bright and spacious residence features three generously sized bedrooms and two luxurious bathrooms with high-end finishes. The kitchen is a chef's dream, complete with stainless steel appliances, custom cabinetry, and a large quartz-topped island. The unit also includes a full-size washer and dryer for ultimate convenience. A sun-drenched enclosed sunporch offers the perfect space for a home office or guest room. First Floor Office Space: Currently a studio, this level features a large conference room, a modern kitchen, and an impressive bathroom with a huge walk-in shower. This flexible space can be adapted to suit a variety of professional or creative needs. Additional Features: The basement is leased as a storage space, providing additional income potential. In the rear, a large private parking lot offers spaces for up to six vehicles-an invaluable asset in the city. Prime Location: Situated in the sought-after Irving Park neighborhood, this property is surrounded by new developments, family-owned restaurants, and charming shops. Commuting is a breeze with convenient access to expressways, public transportation, and nearby Horner Park, known for its scenic riverside trail. Sports fans will also appreciate being just 2.5 miles from Wrigley Field. This exceptional property offers endless possibilities. Email Pre-approval or Proof of Funds this is required prior to scheduling showing.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60618
• Year Built: 1911
• Stories: 2
• Units: 3 units
• # Of Apts: 1
• # Of Offices: 1
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Cooling: Central Air
• Directions: From Irving Park and Kedzie: 2 blocks East to Albany.
• Electric: Circuit Breakers, Separate Meters, Service - 101 to 200 Amps
• Fire Protection: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
• Geographic Locale: Chicago North
• Gross Income: 73200
• Gross Rent Multiplier: 8.14
• Gross Scheduled Income: 73200
• Heat/Ventilation: Central Heat/Indiv Controls, Forced Air
• Information: Short Notice OK
• Insurance Expense: 3500
• Lot Size Square Feet: 3642
• Main Type: Commercial Sale
• Original Rental Price: 25
• Rental Price: 25
• Tax Annual Amount: 6504
• Tax Year: 2022
• Total Monthly Income: 6100
• Water Sewer Expense: 1800