5233 North Damen AvenueChicago, IL 60625Price: $1,350,000

  • Price: $1,350,000
  • 40 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.
  • 6,148Square Feet
  • 1932Year Built

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5233-39 N. Damen Ave a mixed-use 2 story apartment building located in the northside Bowmanville neighborhood, a few blocks to Clark/Ashland Ave and just north of Foster Ave. There are 3 commercial spaces in store fronts and 3 residential units on the second floor - two 2 Bedroom apartments and one studio apartment. Approximately 1200 Sq ft. corner store front was previously occupied by the Leadway Tavern, popular bar & grill and vacant recently in 2020. The other two store fronts of approx 750 Sq ft. each, one currently photo studio, and the other end space (also approx 750 Sq ft.) is occupied by a hair salon with rent $ 1,500/ mo. One of the 2 bed/1 bath apartments upstairs occupied by a longtime tenant paying $1300/mo. The other 2 bed/1 bath apartment signed a new lease through 4/23, and the rent is $1600/mo. The third upstairs apartment is a non conforming studio that is currently vacant. All of the residential and commercial units have separate furnaces and tenants pay their own heating bill. There are 3 bathrooms in all the three commercial spaces. New windows and doors for all commercial spaces (2020). Building was painted and tuckpointed within last 2 years. Building Square Footage = 6,148 Sq Ft. Zoning: B1-2 Annual rental income $ 111,600. CAP RATE = 6.3%.

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Listed by Jacek Piktel of Coldwell Banker Realty

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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