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$1,100,000

5618 North Western Avenue
Chicago, IL 60659

For Sale|Commercial|Active
0 Beds
0 Baths
SqFt
Built in 1954
49 Days Online
$Infinity/SqFt
Subdivision:
County:
Cook
Call Now: 312-767-7744
Is this the home for you? We can help make it yours.
312-767-7744
5618 North Western Avenue5618 North Western Avenue5618 North Western Avenue5618 North Western Avenue
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3 property package for sale - 5618 N Western Avenue (.07 AC lot), 5620 N. Western Avenue (2-story mixed use building with 7,425 SF retail space and two residential apartments above), 5622 N. Western Avenue (5,500 SF single story auto building). All zoned C1-2 - ALLOWS FOR TWO STORY BUILDINGS to be built on vacant lot and auto building. Fantastic mixed-use property in a heavily populated part of Arcadia Terrace. The 5622 space is currently an auto shop with indoor parking for up to 12 cars. The 5620 storefront is a newly renovated vanilla box space and 40th Ward Aldermans office. The apartments above have wide rooms and wood floors. The 5618 space is gated and has space for an additional 10 cars. Recent upgrades to the property include new windows, tuckpointing, improvements to the roof and back porches, new electrical service (200 amp 3 phase meters), and upgraded plumbing. C1-2 zoning allows for a wide range of opportunities with this property - additional retail possibilites include warehouses, auto shops, and more. With three lots in one, you have plenty options! This property is on the populated N. Western Ave and right next to the beautifully scenic West Ridge Nature Preserve. There is easy access to CTA bus stops and other public transportation options. NOI is $83,765.68. Total 2018 real estate tax bill is $19,998. Total land site is 75' x 110'. 5618 lot is on a month-to-month lease for $700 per month. 5620 store is rented for $2,134.60 per month. 5620 apartments are rented for $1,350 per month each. 5622 commercial space rented for $3,900 per month. Arcadia Terrace is a quickly growing part of Chicago. The property is located near a range of new businesses starting in the area as well as high-end town-houses and single family homes. The area is praised for its multicultural influence and eclectic dining scene that draws many to the neighborhood.

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Listing Snapshot
Price
$1,100,000
Days Online
49 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Partial Baths
N/A
Lot Size
N/A
Year Built
1954
MLS Number
10603924
Property Tax
$19,998
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
21 hours agoListing updated with changes from the MLS
a month agoStatus changed to Active
2 months agoListing first seen online
Interior Features
Cooling
Wall Sleeve
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Schools
School District
Unknown
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
This listing is part of the MRED data exchange program provided courtesy of Strauss Realty Ltd



Based on information submitted to MRED as of the below date. 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.
Data Last Updated on Thu Jul 18 2019 15:30:00
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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