$5,250,000 $28,183 est/mo Sourced by Back At You

3159 N California Avenue,Chicago, IL 60618

Chicago IL, 60618

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Description

Best location on 3 major corners (Belmont, California and Elston Avenues) with numerous car count passing each street every day on all 3 of these major streets. Tenants are long time tenants. Plus rental income that easily could be increased to today's rental rates. There is an opportunity for "value added" to increase apartment rents. Present rents are under market value. Incredible land square footage. Corner building is 18,812 square feet with 159 linear feet on Belmont Avenue. 3173 Elston Avenue is 4,500 square foot lot with a 4,200 square foot 1 story brick building under a triple net lease. Each apartment and each store pay their own and have individual forced air conditioning and heat units. Each apartment enjoys their own roof deck and there is a common roof deck for the tenants. There is a 19 car shared parking lot adjoining the properties. The properties are meticulously cleaned and well kept. There are 7 stores, 9 apartments and a rooftop sign. The properties are in excellent condition but the properties will be sold "as is where is". The sale would be subject to a "1031 Exchange". Same ownership for over 55 years. Financial information available on request. Proof of funds required on all offers. The properties will not be divided. Confirmed showings only.

Details

MLS#11963555
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year0
Days On Site115
Listing Provided By@properties Christie's International Real Estate | Joyce Gallo

Features

Story(s)2
Units16
ZoningOTHER

Market Activity 60618

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Listings Checked: 7 minutes ago
StateIL
CountyCook
CityChicago
Zip Code60618
AreaCHI - Avondale
Listing VS Median (in 60618)
Price:
$5,250,000
low | high
Med:
$559,900
100% of Average
On Site:
115
low | high
Med:
2
100% of Average
Sourced by Back At You
Listing Updated: May 3, 2024 at 2:50:25 PM PDT