1703 West Chicago Avenue

Chicago, IL 60622

$2,590,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Built in 2021 Mixed Use 4-Unit Building in West Town. First floor retail storefront, currently used as a restaurant on a NNN lease and 3 condo quality 2Bed apartments. Sleek, modern interiors designed with an eye for both style and functionality. From open-concept layouts to high-end finishes. Hardwood floors throughout, central HVAC, Washer&Dryer, modern cabinets and tile selections, private outdoor space. Smart turn key newer construction investment building grossing over $200,000 in income with...Built in 2021 Mixed Use 4-Unit Building in West Town. First floor retail storefront, currently used as a restaurant on a NNN lease and 3 condo quality 2Bed apartments. Sleek, modern interiors designed with an eye for both style and functionality. From open-concept layouts to high-end finishes. Hardwood floors throughout, central HVAC, Washer&Dryer, modern cabinets and tile selections, private outdoor space. Smart turn key newer construction investment building grossing over $200,000 in income with 6.5% cap rate Low Expenses, NNN Lease on Retail Space, Prime Location. Conveniently located in the heart of Chicago this building offer easy access to the city's best dining, shopping, and entertainment options.
  1. Listed by Oleg Komarnytskyy • KOMAR

Property Details for 1703 West Chicago Avenue

Area
CHI - West Town

Location

Listing Courtesy of KOMAR
Add your commute
LISTING UPDATED: 03/27/2024 12:06 AM

Property Details for 1703 West Chicago Avenue

StatusActive
MLS #12007296
Days on Market65
Taxes$31,223 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built2021
Lot Size0.07 AC / 3,085 SF
CountyCook County

Location

Listing Courtesy of KOMAR
Add your commute

Building Information for 1703 West Chicago Avenue

Stories-Residences4Year Built2021Lot Size0.07 AC / 3,085 SF

Payment Calculator

$16,737 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,135

Property Taxes

$2,602

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1703 West Chicago Avenue

General Information
Addtl Parking Information
  • Open Parking Spaces: 0.0
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Downtown Chicago
  • Information: Short Notice OK
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Individual
  • Electric: Separate Meters
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 3
Property/Lot Information
  • Tenant Pays: Electricity, Taxes, Insurance, Other
  • Built Before 1978: No
  • Approximate Age: New Construction
  • Lot Dimensions: 25X124
  • Lot Size Square Feet: 3085.0
  • Stories: 4
  • Construction: Concrete
  • Fire Protection: Other
  • Foundation Details: Concrete Perimeter
  • # Of Offices: 1
  • Retail SqFt: 2300
  • # Of Stores: 1
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-03-21T19:44:49
  • Photos Count: 40
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $212,624.00
  • Gross Scheduled Income: $212,624.00
  • Insurance Expense: $5,149.00
  • Total Annual Expense Source: Actual
  • Net Operating Income Year: 2023
  • Total Monthly Income: 17719
  • Net Operating Income: $170,083.00
  • Operating Expense: $42,540.00
  • Other Expense: $.00
  • Trash Expense: $672.00
  • Water Sewer Expense: $3,696.00

Property History for 1703 West Chicago Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 1703 West Chicago Avenue

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

Wells Community Academy High School
Public9 to 12

Golder College Prep
Charter9 to 12

Noble St Chtr-Noble Campus
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.

Neighborhood Map and Transit

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1703 West Chicago Avenue is a mixed use property for sale in Chicago, IL 60622. This property was listed for sale on March 21, 2024 by KOMAR, it's currently listed at $2,590,000. This listing's school district is City Of Chicago School District 299. Nearby schools include Talcott Elementary School, Wells Community Academy High School and Golder College Prep. 1703 West Chicago Avenue is a 0-bed, 0-bath, mixed use property built in 2021.

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 KOMAR

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. Based on information submitted to the MLS GRID as of 03/27/2024 12:06 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.