1008 N Western Avenue, Chicago, Illinois 60622

$615,000
2
BD
4
BA
List Price
$615,000
MLS#
MRD11118761
Status
ACTIVE
Type
Multifamily
Subtype
Two to Four Units
Bedrooms
2
Bathrooms
4
County
Cook
City
Chicago
Neighborhood
Humboldt Park
Days On Market
10

Property Description

Located in West Town, this beautiful Mixed-use Greystone has a lot of history to it and is waiting for your imagination! The building, a total of three rental units, is zoned B3-2 so you (the new owner) will have plenty of options with this investment opportunity. Currently the storefront is a doctor's office that has been partitioned off to create small rooms. These walls could be removed and the space would really open up. The drop ceiling could be discarded to expose 5 more feet of head room and showoff the hidden tin ceiling that is original to the building. In the rear of the storefront is large private office with extra storage. The second floor is a spacious 2-bedroom 1 bath apartment with very high ceilings which runs the length of the building. As you exit the rear of the building, you'll find yourself in a large and inviting brick paved patio. This courtyard sits between the main building and the carriage house. From there, a brand-new staircase will lead you to an adorable studio apartment that sits atop a heated TWO car garage. Because of long term tenants, rents are currently very under market and are not indicative of today's rates. The Storefront is on a month-to-month lease at $900, the second-floor apartment is month to month at $1400, the 2-car garage is rented at $275 and the Studio apartment is rented at $900 with lease expiration of 6/30/22. Oh, did I mention there is a full basement for storage and plenty of room to put in a washer/dryer! Standing in front of the property you are surrounded by more than you think! Right next door is the BoeufHaus - a fantastic French and German inspired brasserie, several art galleries such as Vertical and Line Dot Editions and some fun bars like the Empty Bottle and Sportsman's Club! Public transportation easily accessible, $58K possible annual income, low operating expenses. This one is a winner!

Additional Information

School District
299
Elementary School
Chopin Elementary School
Middle School
Chopin Elementary School
High School
Clemente Community Academy Senio
Corporate Limits
Chicago
Tax Year
2019
Year Built
1911
Exterior Building Type
Stone
Exterior Property Features
Porch
Lot Dimensions
24X108
Lot Size Range
Less Than .25 Acre
Units
3
Parking
Garage
Number Of Cars
2
Garage Spaces
2
Garage
Garage Door Opener(s), Heated
Heating
Natural Gas, Forced Air, Radiant, Radiators, Indv Controls
Sewer
Public Sewer
Basement
Yes

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of North Clybourn Group, Inc..



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