There are multiple listings for this address:
1616 N Western Avenue
Chicago, IL, 60647
$4,350,000
Beds
0 Baths
0 SqFt
0 Acres
Add
Add
$4,350,000
1616 N Western Avenue
Chicago, IL, 60647
MLS #MRD12347274 img 0MLS #MRD12347274 img 1MLS #MRD12347274 img 2MLS #MRD12347274 img 3MLS #MRD12347274 img 4MLS #MRD12347274 img 5MLS #MRD12347274 img 6MLS #MRD12347274 img 7MLS #MRD12347274 img 8MLS #MRD12347274 img 9MLS #MRD12347274 img 10MLS #MRD12347274 img 11MLS #MRD12347274 img 12MLS #MRD12347274 img 13MLS #MRD12347274 img 14MLS #MRD12347274 img 15MLS #MRD12347274 img 16MLS #MRD12347274 img 17MLS #MRD12347274 img 18MLS #MRD12347274 img 19MLS #MRD12347274 img 20MLS #MRD12347274 img 21MLS #MRD12347274 img 22MLS #MRD12347274 img 23MLS #MRD12347274 img 24MLS #MRD12347274 img 25MLS #MRD12347274 img 26MLS #MRD12347274 img 27MLS #MRD12347274 img 28MLS #MRD12347274 img 29MLS #MRD12347274 img 30MLS #MRD12347274 img 31MLS #MRD12347274 img 32MLS #MRD12347274 img 33MLS #MRD12347274 img 34MLS #MRD12347274 img 35
Introducing a prime investment opportunity in Bucktown, this newer 10-unit building is a testament to modern luxury and urban convenience. Each extra-wide condo-quality apartment boasts high ceilings, balconies, hardwood floors, granite countertops, and 42-inch cabinets with stainless steel appliances, creating a sophisticated living experience. Oversized windows flood each unit with natural light, enhancing the spacious rooms and elegant interiors. The building includes eight storage units and nine attached garage spots, ensuring ample convenience for residents. Currently, the property is fully occupied with long-term, high-quality tenants, offering stability and immediate rental income. There is significant potential to increase rental rates, supported by the upscale design and desirable location. Featuring eight upscale residential units and two commercial spaces, each with separate tax IDs, this property offers versatility and investment security. Situated near the Blue Line and Western Avenue CTA stop, residents enjoy easy transit access, while the vibrant neighborhood boasts trendy restaurants, fashionable boutiques, art galleries, and music venues, enriching the local lifestyle and attracting a dynamic tenant base.

Property Details

Price:
$4,350,000
MLS #:
MRD12347274
Status:
Active
Beds:
0
Baths:
0
Address:
1616 N Western Avenue
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
CHI – West Town
City:
Chicago
Listed Date:
Apr 25, 2025
State:
IL
ZIP:
60647
Year Built:
2003

Schools

Interior

Cooling
Central Air
Fireplaces Total
8

Exterior

Construction Materials
Brick

Financial

Net Operating Income
$276,214
Tax Year
2022
Taxes
$48,684
Need more info?
Ask a Question
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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1616 N Western Avenue
Chicago, IL
1616 N Western Avenue
Chicago, IL, 60647
$4,350,000
Beds
0 Baths
0 SqFt
0 Acres
Add
Add
$4,350,000
1616 N Western Avenue
Chicago, IL, 60647
MLS #MRD12347320 img 0MLS #MRD12347320 img 1MLS #MRD12347320 img 2MLS #MRD12347320 img 3MLS #MRD12347320 img 4MLS #MRD12347320 img 5MLS #MRD12347320 img 6MLS #MRD12347320 img 7MLS #MRD12347320 img 8MLS #MRD12347320 img 9MLS #MRD12347320 img 10MLS #MRD12347320 img 11MLS #MRD12347320 img 12MLS #MRD12347320 img 13MLS #MRD12347320 img 14MLS #MRD12347320 img 15MLS #MRD12347320 img 16MLS #MRD12347320 img 17MLS #MRD12347320 img 18MLS #MRD12347320 img 19MLS #MRD12347320 img 20MLS #MRD12347320 img 21MLS #MRD12347320 img 22MLS #MRD12347320 img 23MLS #MRD12347320 img 24MLS #MRD12347320 img 25MLS #MRD12347320 img 26MLS #MRD12347320 img 27MLS #MRD12347320 img 28MLS #MRD12347320 img 29MLS #MRD12347320 img 30MLS #MRD12347320 img 31MLS #MRD12347320 img 32MLS #MRD12347320 img 33MLS #MRD12347320 img 34MLS #MRD12347320 img 35
Introducing a prime investment opportunity in Bucktown, this newer 10-unit building is a testament to modern luxury and urban convenience. Each extra-wide condo-quality apartment boasts high ceilings, balconies, hardwood floors, granite countertops, and 42-inch cabinets with stainless steel appliances, creating a sophisticated living experience. Oversized windows flood each unit with natural light, enhancing the spacious rooms and elegant interiors. The building includes eight storage units and nine attached garage spots, ensuring ample convenience for residents. Currently, the property is fully occupied with long-term, high-quality tenants, offering stability and immediate rental income. There is significant potential to increase rental rates, supported by the upscale design and desirable location. Featuring eight upscale residential units and two commercial spaces, each with separate tax IDs, this property offers versatility and investment security. Situated near the Blue Line and Western Avenue CTA stop, residents enjoy easy transit access, while the vibrant neighborhood boasts trendy restaurants, fashionable boutiques, art galleries, and music venues, enriching the local lifestyle and attracting a dynamic tenant base.

Property Details

Price:
$4,350,000
MLS #:
MRD12347320
Status:
Active
Beds:
0
Baths:
0
Address:
1616 N Western Avenue
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
CHI – West Town
City:
Chicago
Listed Date:
Apr 25, 2025
State:
IL
ZIP:
60647
Year Built:
2003

Schools

Interior

Cooling
Central Air
Fireplaces Total
8

Exterior

Construction Materials
Brick

Financial

Net Operating Income
$276,214
Tax Year
2022
Taxes
$48,684
Need more info?
Ask a Question
Ready to go see it?
Schedule a Showing

Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

More About Debra

Mortgage Calculator

 

Map

Similar Listings Nearby