Skip To Content
    Return to Previous Page

    2615 North Avenue

    Chicago, IL 60647
    • $799,000
    • STATUS: Active
    • ON SITE: 30 days
    • MLS #: 10826703
    UPDATED: 81 min ago
    $799,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,000
      SQFT
    • $160
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1906
    County:

    School Ratings & Info

    Description

    Ideal for investors. On corner lot 3 story mixed use greystone building for sale zoned B3-2 in West Town. When fully leased gross income $70,520/year. Restaurant space leased for next FIVE YEARS through MAY 2025, includes main level (36 seat dining/kitchen with 10ft hood/AHD bathrooms), entire basement accessible from inside and outside (storage/office), and two outdoor parking spaces. Two large apartments above - 2nd floor 4 bed/1 bath vacant (was just vacated was getting $1950) and the 3rd floor 3 bed/1 bath is rented through MAY 2022 for $1725. Apartments are improved, and offer high ceilings, separate living/dining rooms, lots of windows, hardwood flooring, large private decks, gas forced heat, and central a/c in 3rd. Utilities are separate, renters pay for gas and electric while commercial tenant covers 70% of water. Age of the major systems/mechanicals are unknown. Building sold As-is. On a dynamic stretch of North Ave. with loads of eateries, adjacent to Bucktown, Wicker park and Logan Square, steps to beautiful Humboldt park, 2 blocks to the Bloomingdale trail. 6 blocks to nearest L stop, multiple bus stops and Divvy stations plus close access to the expressway. Area tenants include: Cermak Produce, Cafe Pachuca, North & Western Dental Clinic, Illumination Are & Design, Game Stop, Anytime Fitness, Walgreens, and much more!

    Monthly Payment Calculator



    © 2020 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 2020-09-21T18:51:27.633 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
    www.spaniakteam.com/homes/109240113
    Print Image

    2615 North Avenue Chicago, IL 60647

    • Price: $799,000
    • Status: Active
    • Updated: 81 min ago
    • MLS #: 10826703
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,000
    SQFT
    $160
    $/SQFT
    1906
    Built
    Neighborhood:
    Chi - West Town
    County:
    Cook
    Area:
    Chi - West Town
    Property Description
    Ideal for investors. On corner lot 3 story mixed use greystone building for sale zoned B3-2 in West Town. When fully leased gross income $70,520/year. Restaurant space leased for next FIVE YEARS through MAY 2025, includes main level (36 seat dining/kitchen with 10ft hood/AHD bathrooms), entire basement accessible from inside and outside (storage/office), and two outdoor parking spaces. Two large apartments above - 2nd floor 4 bed/1 bath vacant (was just vacated was getting $1950) and the 3rd floor 3 bed/1 bath is rented through MAY 2022 for $1725. Apartments are improved, and offer high ceilings, separate living/dining rooms, lots of windows, hardwood flooring, large private decks, gas forced heat, and central a/c in 3rd. Utilities are separate, renters pay for gas and electric while commercial tenant covers 70% of water. Age of the major systems/mechanicals are unknown. Building sold As-is. On a dynamic stretch of North Ave. with loads of eateries, adjacent to Bucktown, Wicker park and Logan Square, steps to beautiful Humboldt park, 2 blocks to the Bloomingdale trail. 6 blocks to nearest L stop, multiple bus stops and Divvy stations plus close access to the expressway. Area tenants include: Cermak Produce, Cafe Pachuca, North & Western Dental Clinic, Illumination Are & Design, Game Stop, Anytime Fitness, Walgreens, and much more!
    Exterior Features

    Construction BrickStone Foundation Stone Frontage Access City Street Location CornerMixed Use AreaPublic Transport Avail Lot Dimensions 25X98 Lot Sq Ft 2450 Number Of Parking Spaces 2

    Interior Features

    Air Conditioning None Fire Protection Carbon Monoxide Detector(S) Floor Finish Wood Number Of Apts 2 Number Of Dryers 0 Number Of Fireplaces 0 Number Of Offices 0 Number Of Refrigs 2 Number Of Stores 1 Number Of Stories 3 Number Of Washers 0 Outdoor Parking 1-5 Spaces

    Property Features

    Age Older Built Before1978 YN Yes Electrical Service Separate Meters Electricity Expense 0 Expense Year 2019 Exterior Building Type BrickStone Fuel Expense 0 Geographic Locale Chicago Northwest Gross Rental Income Amount 70520 Heat Ventilation Forced AirGasHot Water Insurance Expense 3576 Insurance Expense Source Actual Lease Type Modified Gross Net Oper Income Amount 52917 Net Operating Income Year 2019 Number Of Window Ac 2 Other Expense Source Actual Other Expenses 3134 Possession ClosingTenant's Rights Rental Price 0 Tax Year 2019 Taxes 9813.00 Tenant Pays ElectricHeat Total Annual Exp 17602 Total Annual Expense Source Actual Total Annual Income 70520 Total Monthly Income 5876 Township Lake View Water Drainage Storm Sewers Water Expense 1411 Water Expense Source Actual Zoning Type Other

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of @Properties.


    © 2020 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 2020-09-21T18:51:27.633 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
     
    https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_2_10826703-2.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_2_10826703-2.jpg https://bt-photos.global.ssl.fastly.net/mred/orig_boomver_2_10826703-2.jpg
    Logo
    eXp Realty
    1544 Shermer Road
    Northbrook IL, 60062