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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12513988
Year Built 1892
Annual Tax Amount $10,696
Tax Year 2023
Lot Dimensions 28X100
Property Sub-Type Mixed Use
Property Description
Fully gut-renovated mixed-use property in Bucktown, zoned C1-2, with a one-story commercial building in the front, two-unit residential building in the rear and a storage unit in the basement. The commercial space has three offices, a kitchen, and a bathroom. Each residential unit offers two bedrooms, one bathroom, and in-unit laundry. The first-floor residential unit includes an attached one-car garage with storage. Renovation work included demolition and rebuilding of the second floor and roof, full tuckpointing, new closed-cell foam insulation, new windows and doors, and all-new utility systems. Upgrades include a new water line, storm sewer system, and 600-amp commercial electrical service. Interior finishes in the residential units include new cabinets, hardwood flooring, and tiled showers; the commercial unit features new cabinets, carpet, LVT flooring, and tiled showers. The property generates $92,520 in annual gross income, including $750 per month from a basement rental with electricity included as part of the common area. The commercial tenant is on a three-year NNN lease with minimum 5 percent annual rent increases. Located in a high-traffic area with over 23,000 cars passing daily, the property allows for signage over 100 sq. ft. per current code. It is two blocks from parks, a 15-minute walk to the Blue Line, minutes to a shopping center, and near expressway access.
Location
State IL
County Cook
Area Chi - Logan Square
Zoning MULTI
Interior
Cooling Central Air
Flooring Wood
Fireplace N
Building
Dwelling Type Mixed Use
Structure Type Brick
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Listed by Jacqueline Lotzof of Compass
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