1540 West NORTH AvenueChicago, IL 60622Price: $750,000

  • Price: $750,000
  • 78 Days on Market
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Federal 30-year interest rate: 3.05% last updated on Oct 14, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1900Year Built

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ATTENTION DEVELOPERS/INVESTORS - Great for tear-down and condo rebuild! MOTIVATED SELLER ~ The street level has an operational bar & restaurant with a full kitchen. All kitchen & bar equipment is included, not the inventory. 2nd level has 5 office spaces. 2nd level can also be deconverted to a 3/BR, 1/Bath apartment, already plumbed for gas/water/electrical. 3rd level has a 3/BR, 1/Bath apartment with 2 outdoor spaces. The building has 3 parking spots in the rear. Basic stats: 3/bedrooms, 1/bath apartment on 3rd floor, currently vacant, past rent was $2500; 5 office spaces on 2nd floor all vacant. Bar/restaurant on the main level with storage and office space in the basement currently leased, rent is $4300, tenant pays all own utilities [except water], lease expires 3/14/2024. Zoned C1-2 [commercial/residential]. The lot size is a standard 25 X 125. Great location and condition! Near 90/94. Surrounding businesses include Hyatt Place Hotel, Audi Fletcher Jones, Mercedes-Benz of Chicago, Hollywood Grill, MB Financial Bank, 5/3 Bank, Home Depot, and 5 minutes to the Clybourn Corridor. Motivated sellers don't be shy - submit an offer for sellers' consideration! Short Sale opportunity. Sold as-is, with city violations. If tear down, violations go away - if best use is as it exists then violations will need to be addressed by the new owner.

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Listed by Evelyn Fred of Baird & Warner

Based on information submitted to MRED  as of October 18, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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