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

  • Price: $1,275,000
  • 152 Days on Market
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Federal 30-year interest rate: 6.49% last updated on Dec 1, 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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Opportunity awaits with this rarely available 5-unit money maker in North Center with B3-2 zoning. This fully rehabbed (2015-2020) multi-unit building sits on an expansive corner lot with (3) residential units and (2) commercial units. The 3 residential units consist of a ground level, 500SF studio unit with 12' ceilings, and a private entrance on Belle Plaine. The second floor consists of a 3 bedroom 1 bath with an open floor plan with a 2000SF cedar deck off the front bedroom and a fully furnished 600SF cedar roof deck with an outdoor fireplace on the rear. The third floor boasts a 2 bedroom 1 bath with cathedral ceilings and a large bathroom with double vanity and cathedral ceiling. The building is powered by an underground, 400amp electrical service with 2 underground fiber-optic internet lines at the rear. This parcel has approx. 33' of a storefront on Western Avenue and a beautiful parkway with grass areas and flowerbeds surrounding the driveway on the Belle Plaine side. The 2 commercial units consist of a fully equipped and operational cafe and sandwich shop with a double entrance, 2 walk-up windows, a sidewalk cafe permit on both front and side, and a 35' -15 minute loading zone on the Belle Plaine Ave side. This fantastic parcel rests in the North Center neighborhood and is in the highly desirable Coonley School District. Walk to parks surrounding the building (Wells, Revere, California, and Horner), and 2 blocks from the Chicago River and the new 312 Riverwalk, and Lincoln Avenue nightlife is only 3 blocks away. The Western Ave bus stop is right out front, and the Brown line train is 5 blocks to the east. Roughly $8,000 in rent each month. The perfect location for your next investment! All building maintenance equipment, outdoor furniture and salon/shop equipment are included in this sale, making this a totally turn-key situation. 48 hours notice required for all showings Monday through Thursday.

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Listed by Steven Glick of @properties

Based on information submitted to MRED  as of December 3, 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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