Chicago, IL 60651,3357 W Chicago Avenue
Chicago, IL 60651,3357 W Chicago Avenue
Chicago, IL 60651,3357 W Chicago Avenue
8
$370,000
$399,000
7.3%
Est.Price: ?

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7,620 SqFt

3357 W Chicago Avenue Chicago, IL 60651

Est. payment /mo
SOLD DATE : 10/23/2024

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Key Details

Sold Price $370,000

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

Square Footage 7,620 sqft

Price per Sqft $48

MLS Listing ID 12163585

Sold Date 10/23/24

Year Built 1910

Annual Tax Amount $4,286

Tax Year 2022

Lot Dimensions 49X120

Property Sub-Type Multi Family 5+

Property Description

Amazing Humboldt Park mixed use development/investment opportunity on 49 * 120 lot with C1-1 zoning in a prime location at the corner of two main streets (Chicago Ave. & Homan Ave.) 10-unit building consisting of two storefronts, one 3 bedroom/1 bath apartment, one 1 bedroom/1 bath apartment and six studios. In addition, there is also a 750-sf brick garage. All units are currently vacant. Income numbers are based on the most recent rents from when it was last fully occupied. The two storefronts were the home of a liquor store and a restaurant @$2,000/month each, the garage was occupied by an auto body shop @$1,000/month, 8 apartments (six studios @$750/month each, one 1 bed/1 bath @$750/month and one 3 bed/1 bath @$850/month.) All units have separate forced air heat and both storefronts also have central air conditioning. Electrical service to the building was upgraded in 2014. There are 11 separate electric meters and three gas meters servicing the storefronts and the three-bedroom apartment. Roof is 10 years old. Cash buyers only. Building needs work and is sold "As is".

Location

State IL

County Cook

Zoning MULTI

Interior

Cooling Central Air

Fireplace Y

Exterior

Utilities Available Sewer-Storm Available, Water-Municipal, Water to Site

View Y/N true

Building

Structure Type Brick

Read Less


Listed by Michael Frank • Keller Williams Preferred Realty
Bought with Maria Gutierrez • Golden City Realty, Inc.

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