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$ 1,450,000
Est. payment /mo
Active
1850-52 N Milwaukee AVE Chicago, IL 60647
4,534 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,534 sqft
Price per Sqft $319
MLS Listing ID 12326632
Year Built 1900
Annual Tax Amount $23,724
Tax Year 2023
Lot Dimensions 44X100
Property Sub-Type Mixed Use
Property Description
Rarely available, turnkey mixed-use building in the heart of Bucktown - a well-maintained, fully-rented trophy property for any investor. The building consists of 2 retail storefronts (chiropractor and sports performance) at +1,000 SF each and 2 top floor residential units at +1,000 SF each. Both res. units are 2 bed/1.1 bath with the possibility to add full and/or soft-lofted 3rd beds. Also included is 3 garage spaces and one outdoor parking space. All units have updated forced air, electric and plumbing. Long term tenants on currently low market rate leases with upcoming lease expirations for a generous future increased NOI. B3-2 Zoning. Close proximity to the Blue Line, shopping, entertainment and strong foot traffic on highly-desired Milwaukee Ave. Current gross income is 73,000/yr. Projected market rate gross income is estimated at 112,000/yr.
Location
State IL
County Cook
Area Chi - Logan Square
Zoning RTAIL
Interior
Cooling Central Air
Flooring Wood
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 2
Structure Type Brick
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Listed by John Federici • Compass