338 West Armitage Avenue

Chicago, IL 60614

$1,200,000
Last Sold Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

AMAZING, high income building in the heart of Lincoln Park! Live in a historic property nearby fabulous restaurants, parks, entertainment, shops, park, lake. Vintage lovers delight! Original woodwork, high ceilings, crown moldings, 3 marble FPs. Kitchen with st stl apps, granite. 2 decks. 2 car garage. Restaurant income: $4,244/month, coach house income: $700/month. Building needs some TLC and updating. Sold ''as-is''. Do not disturb business. ZONING is B3-2. 8% CAP RATE.AMAZING, high income building in the heart of Lincoln Park! Live in a historic property nearby fabulous restaurants, parks, entertainment, shops, park, lake. Vintage lovers delight! Original woodwork, high ceilings, crown moldings, 3 marble FPs. Kitchen with st stl apps, granite. 2 decks. 2 car garage. Restaurant income: $4,244/month, coach house income: $700/month. Building needs some TLC and updating. Sold ''as-is''. Do not disturb business. ZONING is B3-2. 8% CAP RATE.
  1. Listed by Panagiota • Dream Town Realty
  2. Listed by Eileen Kravitz • Dream Town Real Estate

Property Details for 338 West Armitage Avenue

Area
CHI - Lincoln Park
Township
NORTH CHICAGO
Num of Interior Fireplaces
3
Zoning
COMMR

Location

Listing Courtesy of Dream Town Realty; Dream Town Real Estate

Sold By Jameson Sotheby's Intl Realty

Add your commute
LISTING UPDATED: 05/05/2021 04:43 AM

Property Details for 338 West Armitage Avenue

StatusClosed
MLS #09005854
Days on Market118
Taxes$11,866 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1900
Lot Size0.06 AC / 2,576 SF
CountyCook County

Location

Listing Courtesy of Dream Town Realty; Dream Town Real Estate

Sold By Jameson Sotheby's Intl Realty

Add your commute

Building Information for 338 West Armitage Avenue

Stories-Residences3Year Built1900Lot Size0.06 AC / 2,576 SF

Payment Calculator

$7,538 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$989

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 338 West Armitage Avenue

General Information
Addtl Parking Information
  • Open Parking Spaces: 2.0
Location and General Information
  • Geographic Locale: Chicago North
  • Information: 24-Hr Notice Required,Listing Agent Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • # Of Washers: 1
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 3
  • # Of Dryers: 1
  • # Of Dishwashers: 2
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 2
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat, Repairs, Scavenger
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 22.5 X 114.5
  • Lot Size Square Feet: 0.0
  • Stories: 2
  • # Of Offices: 0
  • # Of Stores: 1
Property and Assessments
  • Photos Count: 9
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $10,333.00
  • Gross Scheduled Income: $123,996.00
  • Insurance Expense: $.00
  • Total Monthly Income: 10333
  • Net Operating Income: $11,213.00
  • Operating Expense: $11,866.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 338 West Armitage 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 338 West Armitage Avenue

Taxable ValueLand$32,337Additions$120,641Total$152,978
Tax Record2022$31,465 ($2,622 / month)
Home Facts
Baths2.5Total Finished SqFt2,956 SqFtAbove Grade Finished SqFt2,956 SqFtStories2Lot Size2,587 SqFtStyleMulti-Family Res (5+ Units)Year Built1878CountyCOOKAPN14-33-207-041

Schools near 338 West Armitage 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 - K to 8
Public - PK to 8
Rating
School
Distance
Lincoln Elementary School
PublicK to 8

Lincoln Park High School
Public9 to 12

Lasalle Elementary Language Academy
PublicK 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Dream Town Realty; Dream Town Real Estate

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.