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    1540 W North Avenue

    Chicago, IL 60622
    • $995,000
    • STATUS: Active
    • ON SITE: 43 days
    • MLS #: 11035573
    $995,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:

    School Ratings & Info

    Description

    The street-level has an operational bar & restaurant with a full kitchen. All kitchen & bar equipment is included, not the inventory. 2nd level has 5 office spaces. 2nd level can also be deconverted to a 3/BR, 1/Bath apartment, already plumbed for gas/water/electrical. 3rd level has a 3/BR, 1/Bath apartment with 2 outdoor spaces. The building has 3 parking spots in the rear. Basic stats: 3/bedrooms, 1/bath apartment on 3rd floor, currently vacant, past rent was $2500; 5 office spaces on 2nd floor all vacant. Bar/restaurant on the main level with storage and office space in the basement currently leased, rent is $4300, tenant pays all own utilities [except water], lease expires 3/14/2024. Zoned C1-2 [commercial/residential]. The lot size is a standard 25 X 125. Great location and condition! Near 90/94. Surrounding businesses include Hyatt Place Hotel, Audi Fletcher Jones, Mercedes-Benz of Chicago, Hollywood Grill, MB Financial Bank, 5/3 Bank, Home Depot and 5 minutes to the Clybourn Corridor.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2021-05-11T23:52:03.69 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    1540 W North Avenue Chicago, IL 60622

    • Price: $995,000
    • Status: Active
    • MLS #: 11035573
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    1900
    Built
    Neighborhood:
    Chi - West Town
    County:
    Cook
    Area:
    Chi - West Town
    Property Description
    The street-level has an operational bar & restaurant with a full kitchen. All kitchen & bar equipment is included, not the inventory. 2nd level has 5 office spaces. 2nd level can also be deconverted to a 3/BR, 1/Bath apartment, already plumbed for gas/water/electrical. 3rd level has a 3/BR, 1/Bath apartment with 2 outdoor spaces. The building has 3 parking spots in the rear. Basic stats: 3/bedrooms, 1/bath apartment on 3rd floor, currently vacant, past rent was $2500; 5 office spaces on 2nd floor all vacant. Bar/restaurant on the main level with storage and office space in the basement currently leased, rent is $4300, tenant pays all own utilities [except water], lease expires 3/14/2024. Zoned C1-2 [commercial/residential]. The lot size is a standard 25 X 125. Great location and condition! Near 90/94. Surrounding businesses include Hyatt Place Hotel, Audi Fletcher Jones, Mercedes-Benz of Chicago, Hollywood Grill, MB Financial Bank, 5/3 Bank, Home Depot and 5 minutes to the Clybourn Corridor.
    Exterior Features

    Frontage Type City Street Location Central Business DistrictMixed Use AreaPublic Transport Avail Miscellaneous Outside Balcony/Ies Outdoor Parking 1-5 Spaces Parking Total 3

    Interior Features

    Cooling Central Air Electric Circuit Breakers Fire Protection Fire Extinguisher/SCarbon Monoxide Detector(S) Heat Ventilation Gas Number Of Apts 1 Number Of Offices 5 Number Of Stores 1

    Property Features

    Additional Parcels YN No Built Before1978 YN Yes Electric Expense 888 Existing Lease Type N/A Fuel Expense 0 Geographic Locale Chicago North Gross Income 126300 Gross Scheduled Income 126300 Insurance Expense 5000 Lot Size Dimensions 25X125 Operating Expense 0 Other Expense 0 Tax Annual Amount 16376 Tax Year 2019 Tenant Pays Air ConditioningElectricityHeatInsuranceScavengerOtherVaries By Tenant Total Monthly Income 10400 Trash Expense 0 Unincorporated YN No Water Sewer Expense 1200 Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Baird & Warner.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2021-05-11T23:52:03.69 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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    Chicago IL, 60611