$ 4,350,000
1616 N WESTERN AVE Chicago, IL 60647
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$ 4,350,000
Est. payment | /mo
$ 4,350,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12087705
Year Built 2003
Annual Tax Amount $48,684
Tax Year 2022
Lot Dimensions 75X110
Property Description
Introducing a prime investment opportunity in Bucktown, this newer 10-unit building is a testament to modern luxury and urban convenience. Each extra-wide condo-quality apartment boasts high ceilings, balconies, hardwood floors, granite countertops, and 42-inch cabinets with stainless steel appliances, creating a sophisticated living experience. Oversized windows flood each unit with natural light, enhancing the spacious rooms and elegant interiors. The building includes eight storage units and nine attached garage spots, ensuring ample convenience for residents. Currently, the property is fully occupied with long-term, high-quality tenants, offering stability and immediate rental income. There is significant potential to increase rental rates, supported by the upscale design and desirable location. Featuring eight upscale residential units and two commercial spaces, each with separate tax IDs, this property offers versatility and investment security. Situated near the Blue Line and Western Avenue CTA stop, residents enjoy easy transit access, while the vibrant neighborhood boasts trendy restaurants, fashionable boutiques, art galleries, and music venues, enriching the local lifestyle and attracting a dynamic tenant base.
Location
State IL
County Cook
Area Chi - West Town
Zoning MULTI
Interior
Cooling Central Air
Fireplaces Number 8
Fireplace Y
Building
Dwelling Type Mixed Use
Level or Stories 4
Structure Type Brick
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Yvonne Stachyra • Wesley Realty Group
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Sanjay Marathe
REALTOR® | Lic# 475168373