5620 North Western Avenue

Chicago, IL 60659

$1,199,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

WELCOME TO ARCADIA TERRACE---unique opportunity to acquire a FULLY occupied THREE-lot / THREE pin investment/owner property with a tremendous traffic count and C1-2 ZONING for many businesses. From left to right it consists of: 5618-gated parking lot/5620 three story mixed use---ALL NEW REHAB-- with a store, 200 amp panel, front-back office plus three private offices, upstairs has two 2-BR apartments, 100 amp panel, with separate dining, all with separate NEW HVAC plus hardwood floors plus all NEW...WELCOME TO ARCADIA TERRACE---unique opportunity to acquire a FULLY occupied THREE-lot / THREE pin investment/owner property with a tremendous traffic count and C1-2 ZONING for many businesses. From left to right it consists of: 5618-gated parking lot/5620 three story mixed use---ALL NEW REHAB-- with a store, 200 amp panel, front-back office plus three private offices, upstairs has two 2-BR apartments, 100 amp panel, with separate dining, all with separate NEW HVAC plus hardwood floors plus all NEW steel back decks, NEW hot water tank, NEWER roof-5 years, rebuilt parapets, tuckpointed/5622 is a free standing 1 story flexi-core commercial garage---levels can be added---200-amp 3-phase+200amp panel. Tenants in 5620 all expire in 2024, 5620+18 are MTM, rents. Just slightly north of Bryn Mawr and adjacent to the booming Devon corridor along with Lincoln Square, Ravenswood, Edgewater. Easy access to public transportation and Lake Shore Drive.
  1. Listed by Alberto Gonzalez • EXIT Strategy Realty

Property Details for 5620 North Western Avenue

Area
CHI - West Ridge
Zoning
COMMR

Location

Listing Courtesy of EXIT Strategy Realty
Add your commute
LISTING UPDATED: 03/16/2024 03:44 PM

Property Details for 5620 North Western Avenue

StatusActive
MLS #11978562
Days on Market110
Taxes$27,305 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1938
Lot Size0.22 AC / 9,375 SF
CountyCook County

Location

Listing Courtesy of EXIT Strategy Realty
Add your commute

Building Information for 5620 North Western Avenue

Stories-Residences5Year Built1938Lot Size0.22 AC / 9,375 SF

Payment Calculator

$8,819 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,543

Property Taxes

$2,275

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5620 North Western Avenue

General Information
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Chicago North
  • Information: List Broker Must Accompany,Show-Special Instructions,48-Hr Notice Required,Highly Confidential
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Separate Meters, Service - 101 to 200 Amps, Three Phase
  • Flooring: Carpet, Wood
  • Heat/Ventilation: Central Heat/Indiv Controls
  • # Of Refrigerators: 2
  • Misc Inside: Elevator/s Passenger,Accessible Washroom/s,Multi-Tenant
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 2
Utilities / Equipment
  • Utilities: Electric to Site, Gas to Site, Water-Municipal
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat, Scavenger, Sewer
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 75 X 125
  • Lot Size Square Feet: 9375.0
  • Stories: 3
  • Fire Protection: Other
  • # Of Offices: 1
  • Office SqFt: 1750
  • Other SqFt: 2500
  • Retail SqFt: 3750
  • # Of Ranges: 2
  • # Of Stores: 1
Property and Assessments
  • Possible Use: Conditional Use, Special Use, Other
  • Public Document Count: 4
  • Document Date: 2024-02-11T01:13:11
  • Photos Count: 32
Miscellaneous
  • Current Use: Commercial, Office
  • Location: Mixed Use Area,High Traffic Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $3,150.00
  • Gross Income: $117,626.00
  • Gross Scheduled Income: $117,626.00
  • Insurance Expense: $2,204.00
  • Electric Expense Source: Combination
  • Known Encumbrances: None Known
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Net Operating Income Year: 2023
  • Other Expense Source: Actual
  • Trash Expense Source: Combination
  • Total Monthly Income: 8858
  • Water Expense Source: Combination
  • Net Operating Income: $81,269.00
  • Operating Expense: $36,357.00
  • Other Expense: $7,500.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 5620 North Western Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 5620 North Western 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 - K to 8
Public - 9 to 12
Rating
School
Distance
Jamieson Elementary School
PublicPK to 8

Mather High School
Public9 to 12

Stone Elementary Scholastic 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.

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5620 North Western Avenue is a mixed use property for sale in Chicago, IL 60659. This property was listed for sale on February 9, 2024 by EXIT Strategy Realty, it's currently listed at $1,199,000. It has been on the market for a total of 110 days and was last sold on January 22, 2016. This listing's school district is City Of Chicago School District 299. Nearby schools include Jamieson Elementary School, Mather High School and Stone Elementary Scholastic Academy. 5620 North Western Avenue is a 0-bed, 0-bath, mixed use property built in 1938.

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 EXIT Strategy 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.