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    1616 N Western Avenue

    Chicago, IL 60647
    • $3,395,000
    • STATUS: Active Under Contract
    • ON SITE: 39 days
    • MLS #: 11122799
    Under Contract
    UPDATED: 37 min ago
    $3,395,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2003
    County:

    School Ratings & Info

    Description

    Fantastic Bucktown Mixed use 10 unit newer building with terrific cash flow! Superior construction. Extra wide condo-quality apartments with tall ceilings, balconies, hardwood floors, granite countertops, 42" cabinets, stainless steel appliances and huge room sizes. 8 storage units and 9 attached garage spots. Long term quality tenants! Room to increase in rents. 8 upscale apartments and 2 commercial units all separate tax ID pins. Near the Blue Line L stop and Western Ave CTA. This location is full of trendy restaurants, fashionable boutiques, art galleries and live music venues.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2021-07-24T16:53:09.243 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    1616 N Western Avenue Chicago, IL 60647

    • Price: $3,395,000
    • Status: Active Under Contract
    • Updated: 37 min ago
    • MLS #: 11122799
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    2003
    Built
    Neighborhood:
    Chi - West Town
    County:
    Cook
    Area:
    Chi - West Town
    Property Description
    Fantastic Bucktown Mixed use 10 unit newer building with terrific cash flow! Superior construction. Extra wide condo-quality apartments with tall ceilings, balconies, hardwood floors, granite countertops, 42" cabinets, stainless steel appliances and huge room sizes. 8 storage units and 9 attached garage spots. Long term quality tenants! Room to increase in rents. 8 upscale apartments and 2 commercial units all separate tax ID pins. Near the Blue Line L stop and Western Ave CTA. This location is full of trendy restaurants, fashionable boutiques, art galleries and live music venues.
    Exterior Features

    Construction Materials Brick Parking Total 9

    Interior Features

    Cooling Central Air Electric Circuit BreakersSeparate Meters Fireplaces Total 8 Heat Ventilation Forced AirGas Indoor Parking 6-12 SpacesAttached Miscellaneous Inside Elevator/S PassengerHandicapped AccessStorage Inside Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Unit1 1 Number Of Bedrooms Unit2 2 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 3 Number Of Dishwashers 8 Number Of Disposals 8 Number Of Dryers 8 Number Of Full Bathrooms Type1 1.1 Number Of Full Bathrooms Type2 2 Number Of Full Bathrooms Type3 1 Number Of Full Bathrooms Type4 2.1 Number Of Full Bathrooms Type5 1 Number Of Full Bathrooms Type6 1 Number Of Ranges 8 Number Of Refrigs 8 Number Of Rooms Unit Five 1 Number Of Rooms Unit Four 6 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 5 Number Of Rooms Unit2 5 Number Of Rooms Unit3 3 Number Of Rooms Unit7 0 Number Of Units Apt Type1 2 Number Of Units Apt Type2 4 Number Of Units Apt Type3 1 Number Of Units Apt Type4 2 Number Of Units Apt Type5 1 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Number Of Washers 8 Number Of Window Ac 0

    Property Features

    Additional Parcels YN Yes Association Fee Includes WaterParkingScavengerSnow Removal Built Before1978 YN No Cap Rate 7 Electric Expense 2685 Expense Year 2020 Fuel Expense 961 Gross Income 302735 Gross Scheduled Income 302735 Insurance Expense 9954 Janitor Expense 500 Lot Size Dimensions 75X110 Maintenance Expense 1500 Monthly Income Max1 1880 Monthly Income Max2 2670 Monthly Income Max3 3262 Monthly Income Max4 2970 Monthly Income Max5 2550 Net Operating Income Year 2020 Operating Expense 39605 Other Expense 4463 Owners Assoc YN No Tax Annual Amount 25148 Tax Year 2019 Tenant Pays Air ConditioningHeat Total Monthly Income 25932 Trash Expense 1996 Type Multi Family Other Washer Dryer Leased YN No Water Sewer Expense 4122 Zoning Multi

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Berkshire Hathaway Homeservices Chicago.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2021-07-24T16:53:09.243 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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    Northbrook IL, 60062