1341 N Western Avenue Chicago-West Town, IL 60622

Temporarily No Showings

$861,499

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Commercial
MLS# 10958057

1341 N Western Avenue, Chicago-West Town, IL 60622

Listing provided courtesy of: Pappas Realty Group, LTD

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Views: 4 Days On Site: 26

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Monday 18 Jan

Tuesday 19 Jan

Wednesday 20 Jan

Thursday 21 Jan

Friday 22 Jan

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Property Details

Description

Turn-Key, Mixed-Use, Zero deferred maintenance. 2019 Rental Income $98,967. 2019 NOI $86,114. 10% CAP. Well-maintained, stable 18 yr owner pride. Live/work/Investment. 39,400 cars/day. 2007 Complete gut/rehab. ADA ground commercial (C2-2, 1400 SF) $2094/mo with 2 condo-quality units (1400 SF 3BR/2BA $2044/mo & 1400 SF 1BR/2BA Luxury penthouse $2444/mo.) Each garage space rents for $199/mo. Gourmet kitchens with granite & stainless, spa-quality baths with steam showers, body jets, heated marble floors, jetted tubs, high/vaulted ceilings, large low-E windows and skylights, in-unit laundry, high-efficiency furnace & AC, tankless water heaters, exposed brick, hardwood, large private decks, ADT Pulse Security. Full unfinished basement great for storage accessible through ground flr commercial unit and exterior rear door. Surrounded by new commercial development. Heart of Bucktown/Wicker Park shopping, restaurants, nightlife. Close to CTA, I-90/94 expressways, 606, and Metra. Ready for condo conversion--all separate mechanicals and utilities. Good Mobilty Score! 72/100

General Features
- Additional Parcels Y/N No
- Area CHI - West Town
- County Or Parish Cook
- Current Use Commercial
- Electric Expense 179
- Fuel Expense 0
- Gross Income 98967
- Gross Scheduled Income 98967
- Net Operating Income 86114
- Number Of Units Total 3
- Operating Expense 12853
- Operating Expense1 387
- Possible Use Commercial,Conditional Use,Condominium,Legal Non Conforming,Office and Research,Multi-Family,Single Family,Retail,Special Use,Other
- Property Sub Type Mixed Use
- Tax Annual Amount 8434
- Tax Year 2018
- Tenant Pays Air Conditioning,Electricity,Heat,Other
- Township West Chicago
- Year Built 1906
- Zoning COMMR
Building Features
- Building Area Total 5700
- Construction Materials Brick,Steel Siding,Stone
- Cooling Central Air, Central Individual
- Electric Circuit Breakers, 201-600 Amps
- Fireplaces Total 1
- Flooring Slate/Marble,Wood
- Foundation Details Block, Brick/Mortar, Concrete Perimeter
- Green Energy Efficient Water Heater,Low flow commode,Low flow fixtures
- Roof Membrane,Reflective Coating
- Stories 3
- Utilities Sanitary Sewer,Water-Municipal
Property Features
- Frontage Type City Street, Frontage Road, Public Road
- Lot Size Dimensions 24X108
- Lot Size Square Feet 2592
- Parcel Number 17061140070000
- Parking Total 2

Contact

Neighborhood

60622 (Chicago-West Town) Demographics

31 Median Age

22,087 Population Density (per sq. mile)

68% College Educated

$79,085 Estimated Median Income

8,455 Estimated Total Home Owners

15,145 Estimated Total Renters

36% / 64% Estimated Owner / Renter Divide

2 Estimated Average Household Size

54,467 Total Population

Community data courtesy of LiveBy, Inc.

Schools Near Here

Elementary Schools

Public Burr Elem School

Grades: PK - 8
Enrollment: 406

Public Chopin Elem School

Grades: PK - 8
Enrollment: 513

Public Columbus Elem School

Grades: PK - 8
Enrollment: 286

Public De Diego Elem Community Academy

Grades: PK - 8
Enrollment: 683

Public Drummond Elem School

Grades: PK - 8
Enrollment: 333

Public Erie Elem Charter School

Grades: KG - 8
Enrollment: 424

Public LaSalle II Lang Acad Elem Sch

Grades: PK - 8
Enrollment: 585

Public Pritzker Elem School

Grades: PK - 8
Enrollment: 739

Public Sabin Elem Magnet School

Grades: KG - 8
Enrollment: 596

Private St Helen School

Grades: 2 - 13
Enrollment: 280

Private St Mary Of The Angels School

Grades: 2 - 13
Enrollment: 172

Private St Nicholas Ukrainian Catholic School

Grades: 2 - 13
Enrollment: 90

Public Talcott Elem School

Grades: PK - 8
Enrollment: 536

Middle Schools

Public Burr Elem School

Grades: PK - 8
Enrollment: 406

Public Chopin Elem School

Grades: PK - 8
Enrollment: 513

Public Columbus Elem School

Grades: PK - 8
Enrollment: 286

Public De Diego Elem Community Academy

Grades: PK - 8
Enrollment: 683

Public Drummond Elem School

Grades: PK - 8
Enrollment: 333

Public Erie Elem Charter School

Grades: KG - 8
Enrollment: 424

Private Esperanza Therapeutic School

Grades: 6 - 17
Enrollment: 55

Public LaSalle II Lang Acad Elem Sch

Grades: PK - 8
Enrollment: 585

Public Pritzker Elem School

Grades: PK - 8
Enrollment: 739

Public Sabin Elem Magnet School

Grades: KG - 8
Enrollment: 596

Private St Helen School

Grades: 2 - 13
Enrollment: 280

Private St Mary Of The Angels School

Grades: 2 - 13
Enrollment: 172

Private St Nicholas Ukrainian Catholic School

Grades: 2 - 13
Enrollment: 90

Public Talcott Elem School

Grades: PK - 8
Enrollment: 536

Private Ucan Academy

Grades: 6 - 17
Enrollment: 100

High Schools

Public Chicago HS for the Arts

Grades: 9 - 12
Enrollment: 585

Public Clemente Community Academy HS

Grades: 9 - 12
Enrollment: 757

Private Esperanza Therapeutic School

Grades: 6 - 17
Enrollment: 55

Private Josephinum Academy

Grades: 14 - 17
Enrollment: 194

Private St Helen School

Grades: 2 - 13
Enrollment: 280

Private St Mary Of The Angels School

Grades: 2 - 13
Enrollment: 172

Private St Nicholas Ukrainian Catholic School

Grades: 2 - 13
Enrollment: 90

Private Ucan Academy

Grades: 6 - 17
Enrollment: 100

Public Wells Community Academy HS

Grades: 9 - 12
Enrollment: 454

School data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$538,750 Median Sales Price

62 Homes Sold

101 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price
--	Current Price Source	New Value: $861,499
12/29/2020 9:02:46 AM	Status Changed Source	New Value: Temporarily No Showings
12/29/2020 12:17:57 AM	Status Changed Source	New Value: Active
12/23/2020 9:35:00 AM	New in Database Source	New Value: $861,499

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Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.