1341 N Western Avenue $861,499


    1341 N Western Avenue Chicago-West Town, IL 60622

    Temporarily No Showings
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    • Commercial
    • MLS# 10958057
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    Views: 4 Days On Site: 26

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    Property Details

    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



    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.

    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 Percent Change
        -- 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.