There are multiple listings for this address:
$4,350,000
1616 N Western Avenue
Chicago, IL, 60647
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
Tax Year
2022
Taxes
$48,684
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
Map
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1616 N Western Avenue
Chicago, IL
$4,350,000
1616 N Western Avenue
Chicago, IL, 60647
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
Tax Year
2022
Taxes
$48,684
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
Map
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- 110 E Delaware Place
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- 3060 W Armitage Avenue
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- 125 S Racine Avenue
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- 5515 N NORTHWEST Highway
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- 1653 W Division Street
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- 111 N Wabash Avenue #810-2102-2103-1114-1116
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- 64 E Cedar Street
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