2139 North Damen Avenue, Unit C-1Chicago, IL 60647Price: $412,500

  • Price: $412,500
  • 159 Days on Market
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Federal 30-year interest rate: 6.09% last updated on Feb 2, 2023
* 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.
  • 6,000Square Feet
  • 2003Year Built

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* PRIME BUCKTOWN INCOME-PRODUCING COMMERCIAL CONDO FOR SALE ON DAMEN NEAR LINCOLN YARDS * 1,500 Sq Ft recently renovated retail storefront currently NNN leased long-term to local well-established fitness tenant with favorable terms. Situated on high-profile retail corridor w/heavy foot traffic in heart of Bucktown between Armitage & Webster. In high-visibility location on ground floor of 4-story condo building w/13,000 VPD & Walk Score of 88. Stabilized newer construction retail property with strong cash flow (Gross Income = $39,915 / Net Income = $23,672), annual rent increases & 7-year renewal option offers excellent armchair investment opportunity. Prime location for future appreciation 5 blocks from $6 billion Lincoln Yards megadevelopment (delivery in 2024) provides unique buyer upside potential. Features open floor plan w/floor-to-ceiling windows, separate foyer entrance w/interior door, high ceilings, premium lighting throughout, steel rear door & double-locked rear gate. Includes 2 full bathrooms, changing room, storage room, laundry room & under-stair storage closet. In close proximity to dozens of established businesses, located opposite The Bristol, steps from The Royal Grocer & Co. and less than 1/2 block from I-90/94 / Kennedy Damen exit--just minutes to Downtown & O'Hare. B3-2 zoning allows for retail, office or restaurant use.

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Listed by Nicole Plecas and Megan Honda of Compass

Based on information submitted to MRED  as of February 6, 2023 . 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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