5318 W North Avenue,Chicago, IL 60639
Chicago, IL 60639
Description
Mixed-Use Investment Opportunity with Vacant Residential Units and Existing Commercial Space! This mixed-use building features a street-level commercial space approximately 1,044 square feet, two 2-bedroom, 1-bath residential apartments with separate living and dining rooms, and a detached two-car garage. The residential units are currently vacant, providing flexibility for future occupancy, leasing, or improvements. The commercial space is currently occupied by a month-to-month tenant under a non-traditional lease arrangement. The tenant is affiliated with the current ownership, and the existing rental terms are not reflective of market rent. The tenant has expressed interest in continuing occupancy, subject to negotiation of future lease terms between the tenant and the future owner. The property offers flexibility for investment or owner-occupancy opportunities, subject to applicable zoning and municipal requirements. Located on North Avenue with street frontage and convenient access to public transportation, shopping, restaurants, and major expressways. Property is being sold AS IS. Buyer is responsible for conducting all desired inspections and independently verifying room dimensions, square footage, zoning, permitted uses, leases, rental information, taxes, and all other information material to the purchase.
Details
| MLS # | 12716801 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1926 |
| Days On Site | 42 |
| Listing Provided By | RLB Realty Group, Inc. | Latangela Ward |
Features
| SQ Feet | 4,098 |
|---|---|
| Story(s) | 3 |
| Units | 3 |
| Acreage | 0.07 |
Interior
| Cooling | Office Only |
|---|---|
| Fireplaces Total | 0 |
Exterior
| Foundation Details | Concrete Perimeter |
|---|---|
| Construction Materials | Brick |
Utilities
| Utilities | Electric to Site, Natural Gas Available, Water Available |
|---|---|
| Electric | Circuit Breakers, Separate Meters, Power - 120V, Power - 240V |
Taxes
| Tax Year | 2023 |
|---|---|
| Tax Annual Amount | 3376 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60639 |
| Area | CHI Austin |
| Listing VS Median (in 60639) | |
Price: $469,900 low | high Med: $389,999 sqft: 4,098 low | high Med: 1,040 $ / sqft: $115 low | high Med: $375 On site: 42 low | high Med: 33 | |
Market Activity 60639
Request a showing
Request a showing
Contact
Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60639 |
| Area | CHI Austin |
| Listing VS Median (in 60639) | |
Price: $469,900 low | high Med: $389,999 sqft: 4,098 low | high Med: 1,040 $ / sqft: $115 low | high Med: $375 On site: 42 low | high Med: 33 | |
