1374 West Grand Avenue

Chicago, IL 60642

$1,150,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

1374 w. Grand Avenue is a three-story mixed-use building located in Chicago's West Town Neighborhood. The property was originally constructed in 1878 and extensively renovated in 2006, with 7,830 SF of space on three floors above grade and a full height 2,750 SF basement. The property has been operated for the past 22 years as Bella Notte Restaurant and Bar, a popular neighborhood establishment. The restaurant occupies the first and second floors and the third floor is configured as a 2,346 SF apartment....1374 w. Grand Avenue is a three-story mixed-use building located in Chicago's West Town Neighborhood. The property was originally constructed in 1878 and extensively renovated in 2006, with 7,830 SF of space on three floors above grade and a full height 2,750 SF basement. The property has been operated for the past 22 years as Bella Notte Restaurant and Bar, a popular neighborhood establishment. The restaurant occupies the first and second floors and the third floor is configured as a 2,346 SF apartment. 1374 W. Grand is immediately north of Chicago's Fulton Market Neighborhood and proximate to the proposed Bally's Casino slated to be developed in the former Chicago Tribune site on the Chicago River. With numerous commercial, hospitality, and multifamily developments in immediate surrounding areas 1374 W. Grand is well positioned to capitalize on local growth. This offering presents an investor or operator the chance to acquire a highly improved property with a turn-key restaurant business for a basis far below replacement cost, or capitalize on the B3-2 zoning and create additional multifamily dwelling units.
  1. Listed by George Toscas • ACO Commercial

Property Details for 1374 West Grand Avenue

Area
CHI - West Town
Township
West Chicago
Zoning
COMMR

Location

Listing Courtesy of ACO Commercial
Add your commute
LISTING UPDATED: 04/23/2024 12:48 PM

Property Details for 1374 West Grand Avenue

StatusPending
MLS #11905304
Days on Market196
Taxes$22,254 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1878
Lot Size0.08 AC / 3,350 SF
CountyCook County

Location

Listing Courtesy of ACO Commercial
Add your commute

Building Information for 1374 West Grand Avenue

Stories-Residences2Year Built1878Lot Size0.08 AC / 3,350 SF

Payment Calculator

$8,131 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,276

Property Taxes

$1,855

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1374 West Grand Avenue

General Information
Addtl Parking Information
  • Open Parking Spaces: 3.0
Location and General Information
  • Geographic Locale: Downtown Chicago
  • Information: Court Approval Required,Bankruptcy
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Bldg Heat
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
Property/Lot Information
  • Tenant Pays: Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Lot Dimensions: 25X124
  • Lot Size Square Feet: 3350.0
  • Stories: 3
  • Fire Protection: Fire Extinguisher/s
  • Building Area Total: 5200
  • # Of Offices: 0
  • # Of Stores: 1
  • Property Sub Type: Apts/Stores
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 21
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Known Encumbrances: First Mortgage
  • Net Operating Income Year: 2023
  • Total Monthly Income: 0
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 1374 West Grand Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1374 West Grand Avenue

Taxable ValueLand$20,100Additions$93,900Total$114,000
Tax Record2022$22,744 ($1,895 / month)
Home Facts
Baths2.5Total Finished SqFt7,348 SqFtAbove Grade Finished SqFt7,348 SqFtStories3Lot Size3,350 SqFtStyleMulti-Family Res (5+ Units)Year Built1876CountyCOOKAPN17-08-124-022

Schools near 1374 West Grand Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Otis Elementary School
PublicPK to 8

Wells Community Academy High School
Public9 to 12

Ogden Int High School
Public9 to 12

Golder College Prep
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ACO Commercial

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.