7723 West Addison Street

Chicago, IL 60634

$559,500
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Price Reduced Again! Owner/user alert! Far Northwest side of Chicago location! Single story brick commercial storefronts at the front and 1.5 story 3 bedroom, 2 bathroom Single Family Home at the rear. Commercial building measures 35' wide by 55' deep and is approximately 1,925 sf. The corner is a coffee shop, approximately 1,100 sf and space next door is a former insurance agency, 825 sf. Each space has its own GFA/CA, hot water tank, and circuit breaker electric, front and rear exits, and is slab...Price Reduced Again! Owner/user alert! Far Northwest side of Chicago location! Single story brick commercial storefronts at the front and 1.5 story 3 bedroom, 2 bathroom Single Family Home at the rear. Commercial building measures 35' wide by 55' deep and is approximately 1,925 sf. The corner is a coffee shop, approximately 1,100 sf and space next door is a former insurance agency, 825 sf. Each space has its own GFA/CA, hot water tank, and circuit breaker electric, front and rear exits, and is slab on grade. Roof is flat and recently resealed. Coach house is aluminum sided, has two wide exterior porches with front and rear entrances, and exit to side or alley. Single Family Home measures approximately 30' wide by 50' deep at grade level, plus an upper floor. Home has a newer gas hot water heating system and basement storage space, unfinished. Small yard and walkway between both buildings leaves some outdoor rec area. Corner gives businesses and residents ample unrestricted parking on both Ozark and Addison! Great opportunity for a business operator to economize! Also, CTA steps away, minutes to Cumberland or Harlem Blue Line trains, I-90 interchange to Loop or short ride to O'Hare, Rosemont restaurant/entertainment district, Rivers Casino, Belmont/Thatcher shopping center and Harlem Irving Plaza. Seller ready to deal, and will consider owner financing!
  1. Listed by John Pontarelli • Pontarelli Associates

Property Details for 7723 West Addison Street

Area
CHI - Dunning
Township
Jefferson
Zoning
COMMR

Location

Listing Courtesy of Pontarelli Associates
Add your commute
LISTING UPDATED: 04/16/2024 12:07 AM

Property Details for 7723 West Addison Street

StatusActive
MLS #11717125
Days on Market446
Taxes$10,700 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1955
Lot Size0.10 AC / 4,375 SF
CountyCook County

Location

Listing Courtesy of Pontarelli Associates
Add your commute

Building Information for 7723 West Addison Street

Stories-Residences3Year Built1955Lot Size0.10 AC / 4,375 SF

Payment Calculator

$3,945 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,053

Property Taxes

$892

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7723 West Addison Street

General Information
Addtl Parking Information
  • Open Parking Spaces: 0.0
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Chicago Northwest
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Postal Code Plus 4: 3019
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Central Individual, Window Unit(s)
  • Electric: Circuit Breakers, Separate Meters
  • Heat/Ventilation: Forced Air,Gas,Hot Water
  • # Of Refrigerators: 1
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 35X125
  • Lot Size Square Feet: 4375.0
  • Stories: 1
  • Exterior Building Type: Aluminum Siding, Brick
  • Construction: Brick
  • Fire Protection: Smoke or Fire Protectors
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • # Of Offices: 1
  • # Of Ranges: 1
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 9
Miscellaneous
  • Current Use: Commercial
  • Location: Corner,Mixed Use Area,Public Transport Avail,In City Limits
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: $4,133.00
  • Gross Scheduled Income: $49,596.00
  • Insurance Expense: $2,500.00
  • Expense Year: 2021
  • Net Operating Income Year: 2021
  • Total Monthly Income: 4133
  • Net Operating Income: $32,212.00
  • Operating Expense: $17,384.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $1,000.00

Property History for 7723 West Addison Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 7723 West Addison Street

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 - PK to 8
Rating
School
Distance
Canty Elementary School
PublicPK to 8

Steinmetz Academic Centre High School
Public9 to 12

Chicago Academy Elementary School
PublicPK 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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7723 West Addison Street is a mixed use property for sale in Chicago, IL 60634. This property was listed for sale on February 10, 2023 by Pontarelli Associates, it's currently listed at $559,500. This listing's school district is City Of Chicago School District 299. Nearby schools include Canty Elementary School, Steinmetz Academic Centre High School and Thorp O A Elementary Scholastic Academy. 7723 West Addison Street is a 0-bed, 0-bath, mixed use property built in 1955.

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 Pontarelli Associates

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.