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    543 N Noble Street

    Chicago, IL 60642
    • $1,399,000
    • STATUS: Active
    • ON SITE: 100 days
    • MLS #: 10979474
    UPDATED: 33 min ago
    $1,399,000
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,750
      SQFT
    • $207
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1892
    County:

    School Ratings & Info

    Description

    - You don't want to miss the linked walk through video highlighting the interior and exterior features! West Town is just a few minutes west of downtown Chicago and is home to a diverse mix of restaurants, coffee shops, night clubs, boutiques, art galleries, music venues, and vintage stores. West Town encompasses several bustling neighborhoods such as East Village, Noble Square, and portions of River West. - The subject property is a three story, mixed use West Town gem located at the corner of Noble and Ohio. - The property sits on approximately 2,236 square feet, and totals approximately 6,750 square feet. - High ceilings throughout retail and apartment spaces. - Two ground floor retail spaces totaling 1270 square feet. - The first retail space is occupied by Home Team Pizza - The second retail space is vacant, and was the former home of the #33 restaurant (and only Chicago restaurant) in Yelp's Top Places to Eat in 2020. This space has proven to be one of kind and extremely profitable due to the large amount of foot traffic in the area. There is a full sidewalk patio area on Noble St. and Ohio St., a walk up / carry out window installed, and a basement full of storage. - The four apartments above the retail spaces are all currently occupied and leased. All of the apartment leases expire in 2021. Each unit has been completely remodeled, the most recent of which was completed in 2020. The other apartments were each remodeled within the last 5 years. The tenants pay for all utilities except for water. - The property is being sold as is. - See additional information for financials. - All square footage is estimated and must be field verified. - All residential rental units are metered independently and pay their own gas and electric. - Home Team Pizza pays 16% of water bill for the building and 24% of the natural gas and electric for the first floor retail spaces combined.

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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 2021-05-06T11:54:44.743 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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    543 N Noble Street Chicago, IL 60642

    • Price: $1,399,000
    • Status: Active
    • Updated: 33 min ago
    • MLS #: 10979474
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    6,750
    SQFT
    $207
    $/SQFT
    1892
    Built
    Neighborhood:
    Chi - West Town
    County:
    Cook
    Area:
    Chi - West Town
    Property Description
    - You don't want to miss the linked walk through video highlighting the interior and exterior features! West Town is just a few minutes west of downtown Chicago and is home to a diverse mix of restaurants, coffee shops, night clubs, boutiques, art galleries, music venues, and vintage stores. West Town encompasses several bustling neighborhoods such as East Village, Noble Square, and portions of River West. - The subject property is a three story, mixed use West Town gem located at the corner of Noble and Ohio. - The property sits on approximately 2,236 square feet, and totals approximately 6,750 square feet. - High ceilings throughout retail and apartment spaces. - Two ground floor retail spaces totaling 1270 square feet. - The first retail space is occupied by Home Team Pizza - The second retail space is vacant, and was the former home of the #33 restaurant (and only Chicago restaurant) in Yelp's Top Places to Eat in 2020. This space has proven to be one of kind and extremely profitable due to the large amount of foot traffic in the area. There is a full sidewalk patio area on Noble St. and Ohio St., a walk up / carry out window installed, and a basement full of storage. - The four apartments above the retail spaces are all currently occupied and leased. All of the apartment leases expire in 2021. Each unit has been completely remodeled, the most recent of which was completed in 2020. The other apartments were each remodeled within the last 5 years. The tenants pay for all utilities except for water. - The property is being sold as is. - See additional information for financials. - All square footage is estimated and must be field verified. - All residential rental units are metered independently and pay their own gas and electric. - Home Team Pizza pays 16% of water bill for the building and 24% of the natural gas and electric for the first floor retail spaces combined.
    Exterior Features

    Construction Materials Brick Docks None Foundation Details Concrete Perimeter Frontage Type City Street Miscellaneous Outside Enclosed PorchEnclosed StairsFire EscapePatioSecurity System Outdoor Parking None On Site Parking Total 0 Roof Reflective Coating Roof Structure Flat

    Interior Features

    Cooling Central AirExhaust Fan Electric Circuit Breakers Fire Protection Alarm On SiteCarbon Monoxide Detector(S) Heat Ventilation Forced AirGas Number Of Apts 4 Number Of Dryers 4 Number Of Offices 0 Number Of Ranges 4 Number Of Refrigs 4 Number Of Stores 2 Number Of Washers 4 Number Of Window Ac 0

    Property Features

    Additional Parcels YN No Built Before1978 YN Yes Cap Rate 3.59 Electric Expense 0 Existing Lease Type N/A Exterior Building Type Brick Fuel Expense 0 Geographic Locale Chicago West Gross Income 94600 Gross Scheduled Income 94600 Insurance Expense 3600 Lot Size Dimensions 86X26 Number Of Tenants 5 Operating Expense 6000 Other Expense 0 Owners Assoc YN No Tax Annual Amount 16438 Tax Year 2019 Tenant Pays Air ConditioningElectricityHeat Total Monthly Income 7883 Trash Expense 0 Unincorporated YN No Utilities Electric To SiteGas To SiteWater-Municipal Water Sewer Expense 2400 Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Realtopia Real Estate Inc.


    © 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 2021-05-06T11:54:44.743 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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