1113 West Armitage StreetChicago, IL 60614Price: $3,100,000

  • Price: $3,100,000
  • 5 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.
  • 9,600Square Feet
  • 1935Year Built

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Welcome to the heart of Lincoln Park and a very unique opportunity! This all brick building is located on a 48 x 100 foot lot just a block for the Armitage/Sheffield El line. Zoned C1-2 which is 2 commercial units and 4 work/live spaces on the 2nd floor. The building is 9600 square feet. On the first floor there is a 3900 sq ft wine club and a 1000 sq ft storefront. On the 2nd level there are 4 units that are all about 1200 sq ft and can easily be combined at any time for larger space. You can also build up one more level and there is currently roof access. Tenants pay all of their own utilities and there is CAM income of 11,500 annually. Long term tenants which makes this a perfect opportunity for all investors and currently there is a 5.5% CAP RATE. Building is self managed and easy to upkeep. New roof in 2014 with a warranty. Please look under additional information for building income, expenses and improvements under "building information" tab.

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Listed by Susie Pearson of @properties

Based on information submitted to MRED  as of October 17, 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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