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1113 W Armitage Avenue

Chicago, IL 60614
  • $2,999,999
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: 11261206
UPDATED: 51 min ago
$2,999,999
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1935
County:

School Ratings & Info

Description

Welcome to the heart of Lincoln Park and a very unique opportunity! This all brick building is located on a 48 x 100 foot lot just a block for the Armitage/Sheffield El line. Zoned C1-2 which is 2 commercial units and 4 work/live spaces on the 2nd floor. The building is 9600 square feet. On the first floor there is a 3900 sq ft wine club and a 1000 sq ft storefront. On the 2nd level there are 4 units that are all about 1200 sq ft and can easily be combined at any time for larger space. You can also build up one more level and there is currently roof access. Tenants pay all of their own utilities and there is CAM income of 11,500 annually. Long term tenants which makes this a perfect opportunity for all investors and currently there is a 5.5% CAP RATE. Building is self managed and easy to upkeep. New roof in 2014 with a warranty. Please look under additional information for building income, expenses and improvements under "building information" tab.

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-28T14:58:58.4 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1113 W Armitage Avenue Chicago, IL 60614

  • Price: $2,999,999
  • Status: Active
  • On Site: 25 Days
  • Updated: 51 min ago
  • MLS #: 11261206
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1935
Built
Neighborhood:
Chi - Lincoln Park
County:
Cook
Area:
Chi - Lincoln Park
Property Description
Welcome to the heart of Lincoln Park and a very unique opportunity! This all brick building is located on a 48 x 100 foot lot just a block for the Armitage/Sheffield El line. Zoned C1-2 which is 2 commercial units and 4 work/live spaces on the 2nd floor. The building is 9600 square feet. On the first floor there is a 3900 sq ft wine club and a 1000 sq ft storefront. On the 2nd level there are 4 units that are all about 1200 sq ft and can easily be combined at any time for larger space. You can also build up one more level and there is currently roof access. Tenants pay all of their own utilities and there is CAM income of 11,500 annually. Long term tenants which makes this a perfect opportunity for all investors and currently there is a 5.5% CAP RATE. Building is self managed and easy to upkeep. New roof in 2014 with a warranty. Please look under additional information for building income, expenses and improvements under "building information" tab.
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Parking Total 1 Roof Structure Flat

Interior Features

Cooling Zoned Fireplaces Total 3 Heat Ventilation Forced AirGas Number Of Dishwashers 2 Number Of Dryers 1 Number Of Ranges 3 Number Of Washers 1

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 9600 Built Before1978 YN Yes Electric Circuit Breakers Gross Income 215768 Gross Scheduled Income 227268 Insurance Expense 2572 Maintenance Expense 0 Net Operating Income 182896 Operating Expense 44372 Possible Use CommercialOffice And ResearchMulti-FamilyRetail Tax Annual Amount 40447 Tax Year 2019 Tenant Pays ElectricityHeatVaries By Tenant Total Monthly Income 17980 Type Multi Family 5+ Zoning Multi

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of @Properties.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-28T14:58:58.4 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Keller Williams Realty
2401 East Empire
Bloomington IL, 61704