6943 North Western AvenueChicago, IL 60645Price: $950,000

  • Price: $950,000
  • 43 Days on Market
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Federal 30-year interest rate: 6.57% last updated on May 25, 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.
  • 1895Year Built

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Proud to represent the land sale of 6943 N. Western Ave. This redevelopment opportunity is located in Chicago's West District neighborhood. The zoning is C1-2 and has a land SF of 9,975 SF. Cell Tower Lease: Located on the southeast portion of the property. The rent commenced in January 1997 and was renewed in May 2015 with a 28 year lease. The current lease has 21 years remaining as of June 2022. The current rent is $34,500 per year. The rent is upgraded every 5 years with the next upgrade being in June of 2023 for $39,675 per year. The listing price includes income from cell tower lease.

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Listed by Anthony Hardy and Travis Montgomery of Keller Williams ONEChicago

Based on information submitted to MRED  as of May 31, 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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