5233 N Damen N Avenue Chicago IL 60625 | MRD11691200

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%.