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$ 1,450,000
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Active Under Contract
1850-52 N Milwaukee Avenue Chicago, IL 60647
4,534 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,534 sqft
Price per Sqft $319
MLS Listing ID 12326632
Year Built 1900
Annual Tax Amount $23,724
Tax Year 2023
Lot Dimensions 44X100
Property Sub-Type Mixed Use
Property Description
Rarely available, turnkey mixed-use building in the heart of Bucktown - a well-maintained, fully-rented trophy property for any investor. The building consists of 2 retail storefronts (chiropractor and sports performance) at +/- 1,200 SF each and 2 top floor residential units at +/- 1,200 SF each. Both residential units are 3 bed/1.1 bath. Also included is 3 garage spaces and two outdoor parking spaces. All units have updated forced air, electric and plumbing. Some tenants on currently low market rate leases with ability to increase future income. B3-2 Zoning. Close proximity to the Blue Line, shopping, entertainment and strong foot traffic on highly-desired Milwaukee Ave. Current gross income is 115,920/yr. Projected market rate gross income is estimated at 150,000/yr.
Location
State IL
County Cook
Zoning RTAIL
Interior
Cooling Central Air
Flooring Wood
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
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Listed by John Federici • Compass