5239 N Damen Avenue
Chicago, IL, 60625
$1,095,000
Beds
0 Baths
6,148 SqFt
0 Acres
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$1,095,000
5239 N Damen Avenue
Chicago, IL, 60625
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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
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

Net Operating Income
$42,237
Tax Year
2023
Taxes
$13,903
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Debra Dobbs

Debra Dobbs

Realtor®

Phone 312 307-4909

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

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Courtesy of Horvath & Tremblay IL, LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Chicago, IL. Detailed information about real estate listings held by brokerage firms other than Compass / The Debra Dobbs Group include the name of the listing broker. Neither the listing company nor Compass / The Debra Dobbs Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Chicago, IL. All rights reserved.
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5239 N Damen Avenue
Chicago, IL