616 West Patterson AvenueChicago, IL 60613Price: $1,800,000

  • Price: $1,800,000
  • 100 Days on Market
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Federal 30-year interest rate: 6.77% last updated on Feb 15, 2024
* 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.
  • 0.14Acreage
  • 1925Year Built

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616-618 West Patterson Avenue, located in the Lakeview neighborhood of Chicago, Illinois. The subject property contains six parcels, one of which is a duplex unit. There is also an additional janitor's unit in the garden unit. There are five three- bedroom units, one two-bedroom unit, and the duplex apartment has fivebedrooms. The zoning is RM-5 which provides a FAR of 2x and would permit the development of up to 15 residential units. Alternatively, significant upside could be realized through the modernization of the existing units. The subject property has an excellent Lakeview location directly off NorthBroadway, and less than a block from Halsted. The subject propertyis a two-minute walk to Chicago Transit Authority's (CTA) 36 bus stop,and a five-minute walk to CTA's 152 and 8 bus stops. This area hasan incredibly high foot traffic due to major retail tenants along withneighborhood bars and restaurants.

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Listed by Stephen Rachman of Marcus & Millichap Chicago Apartment Brokers

Based on information submitted to MRED  as of February 21, 2024 . 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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