1734-1736 West North Avenue

Chicago, IL 60622

$1,999,995
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

A TWO BUILDING INVESTMENT PACKAGE and Future Development Opportunity in Wicker Park/Bucktown. Unlock the potential of Chicago's vibrant Wicker Park neighborhood with this two-for-one sale, a prime investment and future development opportunity. Nestled at the corner of North Ave & Hermitage, this mixed-use property comprises two distinct parcels, each with its own PIN #, and is strategically zoned B3-3 perfect for seasoned investors and developers. 1734 w. North Ave boasts a 2-story structure with...A TWO BUILDING INVESTMENT PACKAGE and Future Development Opportunity in Wicker Park/Bucktown. Unlock the potential of Chicago's vibrant Wicker Park neighborhood with this two-for-one sale, a prime investment and future development opportunity. Nestled at the corner of North Ave & Hermitage, this mixed-use property comprises two distinct parcels, each with its own PIN #, and is strategically zoned B3-3 perfect for seasoned investors and developers. 1734 w. North Ave boasts a 2-story structure with a basement, offering approximately 6,200 SF of commercial space. Additionally, it features two apartments, each comprising 2 beds/1 bath. On the adjacent parcel, 1736 w. North Ave, a 3-story building with a basement provides around 5,250 SF of commercial space. This parcel further includes four apartments, each featuring 2 beds/1 bath, and the added convenience of four dedicated parking spaces. Strategically positioned on the bustling North Avenue, this property capitalizes on high traffic flow, surrounded by an array of bars, eateries, and unique shops. Accessibility is key, with the 90/94 Expressway easily reachable and the Damen Blue Line 'L' Station just 0.6 miles away. This station offers direct routes to the Chicago Loop and O'Hare Airport, ensuring seamless connectivity for residents and patrons alike. For those seeking outdoor recreation, the property is just a 3-minute walk from the access point to "The 606", an elevated public trail that adds an attractive dimension to the area. The potential for both immediate commercial returns and long-term development gains makes this property a compelling choice. To further assist your due diligence, a survey and information on several area incentives are available upon request. Seize this opportunity! contact us now to explore the possibilities. (The building data in this listing combines county based data for two properties.)
  1. Listed by Michael LaFargue • Coldwell Banker Realty
  2. Listed by Stewart Morales • Coldwell Banker Realty

Property Details for 1734-1736 West North Avenue

Area
CHI - West Town
Township
West Chicago
Zoning
COMMR

Location

Listing Courtesy of Coldwell Banker Realty
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LISTING UPDATED: 04/20/2024 06:44 AM

Property Details for 1734-1736 West North Avenue

StatusActive
MLS #11952661
Days on Market55
Taxes$42,320 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1893
Lot Size0.14 AC / 6,200 SF
CountyCook County

Location

Listing Courtesy of Coldwell Banker Realty
Add your commute

Building Information for 1734-1736 West North Avenue

Stories-Residences8Year Built1893Lot Size0.14 AC / 6,200 SF

Payment Calculator

$14,441 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,915

Property Taxes

$3,527

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1734-1736 West North Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
  • Open Parking Spaces: 4.0
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Chicago West
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Partial
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 6
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 50 X 124
  • Lot Size Square Feet: 6200.0
  • Stories: 5
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Rubber
  • Fire Protection: Smoke or Fire Protectors
  • Roof Structure: Flat
  • Foundation Details: Block, Stone
  • Building Area Total: 11450
  • # Of Offices: 0
  • Other SqFt: 1300
  • Retail SqFt: 4850
  • # Of Stores: 2
  • Property Sub Type: Mixed Use
Property and Assessments
  • Buyer Financing: Conventional, Cash
  • Documents Available: Leases
  • Docks: None
  • Public Document Count: 1
  • Document Date: 2024-04-20T11:43:41
  • Photos Count: 16
Miscellaneous
  • Current Use: Commercial
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Income & Expenses
  • Electric Expense: $9,600.00
  • Fuel Expense: $2,400.00
  • Gross Income: $152,280.00
  • Gross Scheduled Income: $152,280.00
  • Insurance Expense: $8,400.00
  • Electric Expense Source: Owner Projection
  • Expense Year: 2023
  • Total Annual Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Net Operating Income Year: 2023
  • Other Expense Source: Owner Projection
  • Total Monthly Income: 12690
  • Water Expense Source: Owner Projection
  • Net Operating Income: $86,070.00
  • Operating Expense: $66,209.00
  • Other Expense: $250.00
  • Trash Expense: $.00
  • Water Sewer Expense: $3,240.00

Property History for 1734-1736 West North Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 1734-1736 West North Avenue

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

Wells Community Academy High School
Public9 to 12

Drummond Elementary School
PublicPK to 8

Rowe Elementary School
CharterK to 8

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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1734-1736 West North Avenue is a mixed use property for sale in Chicago, IL 60622. This property was listed for sale on March 7, 2024 by Coldwell Banker Realty, it's currently listed at $1,999,995. This listing's school district is City Of Chicago School District 299. Nearby schools include Burr Elementary School, Wells Community Academy High School and Drummond Elementary School. 1734-1736 West North Avenue is a 0-bed, 0-bath, mixed use property built in 1893.

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 Coldwell Banker Realty

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.