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845 W Chicago Avenue

Chicago, IL 60642
  • $11,700,000
  • STATUS: Active
  • ON SITE: 37 Days
  • MLS #: 12268517
Price Reduced
UPDATED: 55 min ago
$11,700,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1909
County:
Area:

School Ratings & Info

Description

Prime Chicago's Northwest Loop/River North, a neighborhood combining commercial and residential at the corner of Chicago Ave., and Green St., just steps west of Halsted St., historical charm six-story brick loft timber building with today's functionality, featuring passenger elevator, 13' and 12' ceilings height, original exposed brick walls, each floor has 2-sets of large female and male bathrooms, 2-wide staircase on the east side and the northwest side, exposed heat and AC ceiling ducts, lots of wide & large windows providing natural lights in, 2009, sprinkler system, 833- 843, Chicago Ave., buildings are 3-story height. Minutes to Chicago's loop, Magnificent Mile/Michigan Ave., major roads, interstate, bus stops, and within a short distance to the train station. 3-toproof furnaces, 2020 and 2010. Downtown service district, of DS 5 zoning/downtown's periphery with continued growth. This beautiful building and great location provide immediate stable income with value-add opportunity/potential. The property is currently about 80% occupied. The street level 10,000 Sq. ft. retail space is strongly established and presents solid income. Possible conversion of multifamily apartments.

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© 2025 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 2025-03-27T02:58:39.433 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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845 W Chicago Avenue Chicago, IL 60642

  • Price: $11,700,000
  • Status: Active
  • On Site: 37 Days
  • Updated: 55 min ago
  • MLS #: 12268517
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1909
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
Prime Chicago's Northwest Loop/River North, a neighborhood combining commercial and residential at the corner of Chicago Ave., and Green St., just steps west of Halsted St., historical charm six-story brick loft timber building with today's functionality, featuring passenger elevator, 13' and 12' ceilings height, original exposed brick walls, each floor has 2-sets of large female and male bathrooms, 2-wide staircase on the east side and the northwest side, exposed heat and AC ceiling ducts, lots of wide & large windows providing natural lights in, 2009, sprinkler system, 833- 843, Chicago Ave., buildings are 3-story height. Minutes to Chicago's loop, Magnificent Mile/Michigan Ave., major roads, interstate, bus stops, and within a short distance to the train station. 3-toproof furnaces, 2020 and 2010. Downtown service district, of DS 5 zoning/downtown's periphery with continued growth. This beautiful building and great location provide immediate stable income with value-add opportunity/potential. The property is currently about 80% occupied. The street level 10,000 Sq. ft. retail space is strongly established and presents solid income. Possible conversion of multifamily apartments.
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Frontage Type City Street Outdoor Parking 31-50 Spaces Roof Rubber Roof Structure Flat

Interior Features

Cooling Central Air Heat Ventilation Central Bldg Heat Number Of Dishwashers 0 Number Of Ranges 0 Number Of Washers 0

Property Features

Additional Parcels YN Yes Approximate Age Older Building Area Total 40000 Built Before1978 YN Yes Current Use Commercial Electric Service - 201 to 600 Amps Fire Protection Other Geographic Locale Downtown Chicago Gross Income 874104 Gross Scheduled Income 874104 Insurance Expense 19000 Location Central Business DistrictCommercial Business ParkCornerIndustrial Area/CampusIndustrial ParkMixed Use AreaPublic Transport AvailIn City LimitsHigh Traffic Area Mls Actual Status Price Change Net Operating Income 515699 Number Of Tenants 40 Operating Expense 358405 Ownership Types Corporation Rental Price 0 Tax Annual Amount 250000 Tax Year 2023 Tenant Pays Common Area MaintenanceElectricityHeatJanitorial Service Total Monthly Income 72842 Township West Chicago Type Mixed Use Zoning RTAIL

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of Century 21 Circle: 773-465-4200.


© 2025 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 2025-03-27T02:58:39.433 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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