Liberty Lounge | 3341-3343 N Western Ave
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Liberty Lounge 3341-3343 N Western Ave
3,451 SF 100% Leased Retail Building Chicago, IL 60618 $1,100,000 ($319/SF) 8.24% Cap Rate
Investment Highlights
- Mixed-use building with 2 residential units on the second and third floors and 1 bar/lounge on the first floor
- Additional side lot for parking included in the sale
- Excellent investment or owner-user with additional monthly income
- Unit mix consists of two 2-Bedroom/1-Bath units
- First floor bar/lounge business can be purchased with license for $50,000
Executive Summary
Roscoe Village Three-Story Brick Has 2-Bedroom/1-Bath Apartments That Occupy Second & Third Floors. Liberty Lounge Occupies First Floor & Basement, Seller Asking $50,000 For Business/Liquor License. In Good Condition With Lovely Shared Backyard, Parking & Wooden-Decks.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,451 SF
Building Class
C
Year Built
1942
Price
$1,100,000
Price Per SF
$319
Cap Rate
8.24%
NOI
$90,673
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.66
Lot Size
0.12 AC
Zoning
C1-2
Parking
5 Spaces (1.45 Spaces per 1,000 SF Leased)
Amenities
- Fenced Lot
- Security System
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
- Balcony
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (89)
Nearby Major Retailers
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $38,260 | |
Land Assessment | $78,728 | Total Assessment | $116,988 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$78,728
Improvements Assessment
$38,260
Total Assessment
$116,988
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Liberty Lounge | 3341-3343 N Western Ave
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