5233 N Damen N Avenue
Chicago, IL, 60625
$1,350,000
0 Beds
0 Baths
6,148 SqFt
0 Acres
$1,350,000
5233 N Damen N Avenue
Chicago, IL, 60625
5233-39 N. Damen Ave a mixed-use 2 story apartment building located in the northside Bowmanville neighborhood, a few blocks to Clark/Ashland Ave and just north of Foster Ave. There are 3 commercial spaces in store fronts and 3 residential units on the second floor – two 2 Bedroom apartments and one studio apartment. Approximately 1200 Sq ft. corner store front was previously occupied by the Leadway Tavern, popular bar & grill and vacant recently in 2020. The other two store fronts of approx 750 Sq ft. each, one currently photo studio, and the other end space (also approx 750 Sq ft.) is occupied by a hair salon with rent $ 1,500/ mo. One of the 2 bed/1 bath apartments upstairs occupied by a longtime tenant paying $1300/mo. The other 2 bed/1 bath apartment signed a new lease through 4/23, and the rent is $1600/mo. The third upstairs apartment is a non conforming studio that is currently vacant. All of the residential and commercial units have separate furnaces and tenants pay their own heating bill. There are 3 bathrooms in all the three commercial spaces. New windows and doors for all commercial spaces (2020). Building was painted and tuckpointed within last 2 years. Building Square Footage = 6,148 Sq Ft. Zoning: B1-2 Annual rental income $ 111,600. CAP RATE = 6.3%.

Property Details

Price:
$1,350,000
MLS #:
MRD11691200
Status:
Active
Beds:
0
Baths:
0.00
Address:
5233 N Damen N Avenue
Type:
Commercial
City:
Chicago
Listed Date:
Dec 28, 2022
State:
IL
Square Ft (approx):
6,148
ZIP:
60625
Year Built:
1932

Schools

Interior

Cooling
None
Fireplaces Total
1

Exterior

Construction Materials
Brick
Roof
Membrane

Financial

Buyer Agent Compensation
0%
Net Operating Income
$72,197
Tax Year
2020
Taxes
$14,289
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5233 N Damen N Avenue
Chicago, IL