1850-52 N Milwaukee Avenue Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60647
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,534 sqft
Price per Sqft $319
MLS Listing ID 12326632
Year Built 1900
Annual Tax Amount $23,724
Tax Year 2023
Lot Dimensions 44X100
Property Sub-Type Mixed Use
Property Description
Rarely available, turnkey mixed-use building in the heart of Bucktown - a well-maintained, fully-rented trophy property for any investor. The building consists of 2 retail storefronts (chiropractor and sports performance) at +1,000 SF each and 2 top floor residential units at +1,000 SF each. Both res. units are 2 bed/1.1 bath with the possibility to add full and/or soft-lofted 3rd beds. Also included is 3 garage spaces and one outdoor parking space. All units have updated forced air, electric and plumbing. Long term tenants on currently low market rate leases with upcoming lease expirations for a generous future increased NOI. B3-2 Zoning. Close proximity to the Blue Line, shopping, entertainment and strong foot traffic on highly-desired Milwaukee Ave. Current gross income is 73,000/yr. Projected market rate gross income is estimated at 112,000/yr.
Location
State IL
County Cook
Zoning RTAIL
Interior
Cooling Central Air
Flooring Wood
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick