For more information contact: Craig Wolf
Office: 773-736-3600 Cell: 847-989-9653 Craig@straussrealty.com

5618-5622 N. Western Ave.

Chicago, Illinois 60659

Status: For Sale

3 Property package for sale- 5618 N. Western Ave. (.07 AC lot)

5620 N. Western Ave. (2 story  mixed-use building with 7,425 SF retail space and two residential apartments above)

5622 N. Western Ave. (5,500 SF single story auto building)

All zoned C1-2-ALLOWS FOR TWO STORY BUILDINGS to be built on vacant lot and auto building. Fantastic m ixed-use property in a heavily populated part of Arcadia Terrace. The 5622 space is currently an auto shop with indoor parking for up to 12 cars. The 5620 storefront is a newly renovated vanilla box space and the 40th Ward Aldermans office. The apartments above have wide rooms and wood floors. The 5618 space is gated and has space for an additioinal 10 cars. Recent upgrades to the property inculde new windows, tuckpointing, improvements to the roof and back porches, new electrical service (200 amp 3 phase meters), and upgraded plumbing. C1-2 zoning allows for a wide range of opportunities with this property-additional retial possibilities include warehouses, auto shops, and more. With three lots in one, you have plenty of options! This property is on the populated N. Western Ave. and right next to the beautifully scenic West Ridge Nature Preserve. There is easy access to CTA bus stops and other public transportation options. NOI is $83,765.68. Total 2018 Real Estate Tax bill is $19,998. Total land site is 75′ x 110′. 5618 Lot is on a month-to-month lease for $700 per month. 5620 store is rented for $2,134.60 per month. 5620 apartments are rented for$1,350 per month each. 5622 commercial space rented for $3,900 per month. Arcadia Terrace is a quickly gowing part of Chicago. The property is located near a range of new businesses starting int he area as well as high-end town houses and single family homes. The area is praised for its multicultural influence and eclectic dining scene that draws many to the neighborhood.

  • Sale Price: $1,100,000
  • Property Tax: $19,998
  • Gross Income: $113,208
  • Total Annual Expenses: $29,442
  • Gross Monthly Rent: $9,434
  • MLS: 10603924
  • P.I.N.: 13-01-432-025-0000
  • CoStar #: 9477397
  • Building Type: Commercial, Investment, Mixed Use, Other
  • Building Square Feet: 12,925
  • Site Square Feet: 8,250
  • Zoning: C1-2
  • Site Dimensions: 75 x 110