4054 North Western AvenueChicago, IL 60618Price: $1,275,000

  • Price: $1,275,000
  • 25 Days on Market
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Federal 30-year interest rate: 3.56% last updated on Jan 20, 2022
* 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.
  • 1923Year Built

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A unique opportunity for the right owner/operator or investor. This fully rehabbed (2015-2020) multi-unit building sits on a wide corner lot with (3) residential units and (2) commercial units. The current owners have utilized the property as a tri-level single family home with storefront office to the 3 residential unit/2 commercial units it is today. The building is powered by an underground, 400amp electrical service and has 2 underground fiber-optic internet lines at the rear. This parcel has approx 33' of storefront on Western Avenue and a beautiful parkway with grass areas and flowerbeds surrounding the driveway on the Belle Plaine side. Stone and wrought iron fencing adorn the property and surround the rear yard and secure refuse area as well as the roofdeck railings, planters, signage and gates. A SimplySafe security system is installed and included as well. The 3 residential units consist of a ground level, 500sqft studio unit with 12' ceilings, a gas fireplace, a private entrance on Belle Plaine, a large bathroom with a 45sqft shower with steam/sauna and a private patio with a hot tub. The second floor consists of a 3 bedroom/1 bath open floorplan unit with a 200sqft cedar deck off of the front bedroom and a fully furnished 600sqft cedar roofdeck with an outdoor fireplace on the rear. The third floor boasts a 2 bedroom/1 bath with cathedral ceilings and a huge bathroom with large corner whirlpool tub, a double vanity, cathedral ceiling and a chandelier. Residential common areas, not included in the available appraisal (2021), include a side patio with a double brick bbq and outdoor fireplace as well as a beautiful raised yard in the back with a childrens play area, doghouse with heat and light, a landscaping equipment storage enclosure, in-ground firepit and flowerbed with water feature. All building maintenance equipment and common area furnishings are included in this sale making this a completely turn-key opportunity. The 2 commercial units consist of a fully equipt and operational cafe and sandwich shop with a double entrance, 2 walk-up windows, a sidewalk cafe permit on both front and side, a 35' -15 minute loading zone on the Belle Plaine Ave side. The attached and heated 2.5 car cinder block garage has 12' ceilings with ceiling fans, LED recessed lighting, 3 commercial rollup doors, a customer entrance on Belle Plaine Ave, a 28' wide commercial driveway and a gated rear driveway as well and a 1/2 bath and is utilized as a combination fully equipt and operational single chair hair salon and fully equipt small restoration shop. The cafe business is also available on a separate listing(MLS#11270251). This amazing parcel rests in the North Center neighborhood and is in the highly desirable Coonley School District. The building is surrounded by parks (Wells, Revere, California and Horner), is 2 blocks from the Chicago River and the new 312 Riverwalk, about a mile from Wrigley Field and Lincoln Avenue nightlife is only 3 blocks away. The Western Ave bus stop is right out front and the Brownline train is 4 blocks to the east. currant owner will lease back 2nd floor apartment and commercial unit #2 for $3500 per month for up to one year.

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Listed by Andy Sokol of The Sokol Group

Based on information submitted to MRED  as of January 23, 2022 . 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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