$1,095,000
5239 N Damen Avenue
Chicago, IL, 60625
Located on a corner lot in the up and coming neighborhood of Bowmanville, this mixed-use building is perfect for an investor or user looking for a home for their business. The property features (2) 2br/1ba apartments + (1) non-conforming studio unit – all located on the second floor. The ground floor features (3) commercial spaces. One is occupied through 10/1/2025 and the other two are vacant. Previously there had been a bar with both spaces combined, but now it’s set up for an office/retail set up. Endless possibilities on this one. All units have individual HVAC & the roof is a tear off in 2024. Commercial spaces feature newer commercial windows as well. Current gross rents are $68,400 annually. That can be pushed to $135,000 JUST BY FILLING VACANCIES AND BRINGING RENTS TO MARKET! Apartment rents are well below market (long term tenants and relative in the other) & studio unit was recently renovated and rented out. Reach out to learn more about this asset.
Property Details
Price:
$1,095,000
MLS #:
MRD12203146
Status:
Active
Beds:
0
Baths:
0
Address:
5239 N Damen Avenue
Type:
Commercial
Subtype:
Apts/Ofc/Store,Apts/Stores
Neighborhood:
CHI – Lincoln Square
City:
Chicago
Listed Date:
Oct 18, 2024
State:
IL
Finished Sq Ft:
6,148
Total Sq Ft:
6,148
ZIP:
60625
Year Built:
1930
Schools
Interior
Cooling
Central Air, Window Unit(s)
Exterior
Construction Materials
Brick
Financial
Tax Year
2023
Taxes
$13,903
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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5239 N Damen Avenue
Chicago, IL
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