1747 W NORTH Avenue #C
Chicago, IL 60622

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Description

An exceptional investment opportunity at 1747 W. North Ave, in the heart of Chicago's vibrant Wicker Park. This 1,200 sq. ft. newer construction commercial condo is fully leased to Waterman State Bank, a strong credit tenant, through September 30, 2028. The tenant has demonstrated a strong commitment to the location by recently exercising an early 2-year lease extension. This offering represents a secure, hands-off investment with a reliable income stream in one of Chicago's most sought-after neighborhoods.

Features

• Property Type: Commercial
• Sub Type: Retail/Stores
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60622
• Year Built: 2009
• Stories: 4
• Zoning: COMMR
• Cap Rate: 7.6
• Cooling: Central Air
• Directions: NORTH AVE W OF ASHLAND E OF DAMEN
• Electric: Circuit Breakers
• Fire Protection: Smoke or Fire Protectors
• Green Building Verification Type: Chicago Green Homes
• Gross Income: 43048
• Gross Scheduled Income: 43048
• Heat/Ventilation: Forced Air
• Information: Short Notice OK
• Insurance Expense: 2092
• Investment (Y/N): Yes
• Leasable Area: 1300
• Main Type: Commercial Sale
• Min Avail Sq Ft (Rentable): 1300
• Operating Expense: 9533
• Property Offered: For Sale Only
• Property Sub Type: Neighborhood Storefront
• Tax Annual Amount: 5445.54
• Tax Year: 2024
• Tenant Pays: Air Conditioning, Heat, Other, Varies by Tenant, All Utilities
• Total Monthly Income: 3587
• Township: West Chicago