$1,199,000
5620 N Western Avenue
Chicago, IL, 60659
WELCOME TO ARCADIA TERRACE—unique opportunity to acquire a FULLY occupied 3-lot-3 pins investment/owner property with a tremendous traffic count and C1-2 ZONING for many businesses. From left to right it consists of: 5619-gated parking lot/5620 three story mixed use—ALL NEW REHAB– with a store, 200 amp panel, front-back office plus three private offices, upstairs has two 2-BR apartments, 100 amp panel, with separate dining, all with separate NEW HVAC plus hardwood floors plus all NEW steel back decks, NEW hot water tank, NEWER roof-5 years, rebuilt parapets, tuckpointed/5620 is a free standing 1 story flexi-core commercial garage—levels can be added—200amp 3phase+200amp panel. Tenants in 5620 all expire in 2024, the rest are MTM, rents a below market. Just slightly north of Bryn Mawr and adjacent to the booming Devon corridor along with Lincoln Square, Ravenswood, Edgewater. Easy access to public transportation and Lake Shore Drive.
Property Details
Price:
$1,199,000
MLS #:
MRD11978562
Status:
Active
Beds:
0
Baths:
0
Address:
5620 N Western Avenue
Type:
Commercial
City:
Chicago
Listed Date:
Feb 9, 2024
State:
IL
ZIP:
60659
Year Built:
1938
Schools
Interior
Cooling
Central Air
Flooring
Carpet, Wood
Exterior
Financial
Buyer Agent Compensation
AS A PERCENTAGE OF THE NET SALE PRICE. THE NET SALE PRICE IS THE GROSS SALE PRICE MINUS AMOUNTS TO BE CREDITED OR PAID TO THE BUYER, AS REFLECTED IN THE INITIAL SALES CONTRACT.Net Sale Price
Tax Year
2022
Taxes
$27,305
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
More About DebraMortgage Calculator
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