$ 1,150,000
5239 N Damen Avenue Chicago, IL 60625
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,150,000
Est. payment /mo
Active
5239 N Damen Avenue Chicago, IL 60625
6,148 SqFt
UPDATED:
11/10/2024 06:07 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,148 sqft
Price per Sqft $187
MLS Listing ID 12203146
Year Built 1930
Annual Tax Amount $13,903
Tax Year 2023
Lot Dimensions 58X62
Property Description
Located on a corner lot in the up and coming neighborhood of Bowmanville, this mixed-use building is perfect for an investor or user looking for a home for their business. The property features (2) 2br/1ba apartments + (1) non-conforming studio unit - all located on the second floor. The ground floor features (3) commercial spaces. One is occupied through 10/1/2025 and the other two are vacant. Previously there had been a bar with both spaces combined, but now it's set up for an office/retail set up. Endless possibilities on this one. All units have individual HVAC & the roof is a tear off in 2024. Commercial spaces feature newer commercial windows as well. Current gross rents are $54,000 annually. That can be pushed to $119,400 JUST BY FILLING VACANCIES! Apartment rents are well below market (long term tenants and relative in the other) & studio unit is vacant as it was recently renovated. Reach out to learn more about this asset.
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Central Air, Window Unit(s)
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by John Preston • Horvath & Tremblay IL, LLC