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5614 W Chicago Ave
Chicago, IL 60651

5614 W Chicago Ave, Chicago, IL 60651 · Retail Property For Sale

Retail Space Illinois Chicago 5614 W Chicago Ave, Chicago, IL 60651

Investment Highlights

  • Highly Trafficked Area
  • High Visibility
  • Public Transportation Available
  • Located in an Area with a lot of Upcoming Growth

Executive Summary

Be apart of the South/West Commercial Corridor Improvement Strategy. Located just blocks east of Oak Park, Mixed-Use Building has (11 units total) 6 commercial units and 5 residential units. Commercial units are approx. 950 - 1600 sq ft (mol). Majority units are rented with long time tenants and leases in place. Property has been well maintained and updated. All units, both commercial and residential, are separately metered for heat and electricity. One apartment and 5 businesses with A/C (2 new 2018). New firewall and area tuck-pointing 2018. Waterproof Elastomeric Roof Sealant 2024. Clean, full unfinished basement provides additional storage. Adjacent leases. Residential units are 2 bedroom/ 1 bath units with stable parking lot available $30,000. PIN #16-05-431-018. MANY BUILDING IMPROVEMENTS!!!

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
11,400 SF
Building Class
C
Year Built
1913
Price
$759,000
Price Per SF
$67
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.90
Lot Size
0.29 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
Commercial
Parking
15 Spaces (1.32 Spaces per 1,000 SF Leased)
Frontage
102 FT on N Parkside Ave

PROPERTY TAXES

Parcel Number 16-05-431-019-0000 Improvements Assessment $105,413
Land Assessment $31,985 Total Assessment $137,398

PROPERTY TAXES

Parcel Number
16-05-431-019-0000
Land Assessment
$31,985
Improvements Assessment
$105,413
Total Assessment
$137,398
 

  • Listing ID: 13218782

  • Date on Market: 7/19/2018

  • Last Updated:

  • Address: 5614 W Chicago Ave, Chicago, IL 60651

More public record information on 5614 W Chicago Ave, Chicago, IL 60651

The Retail Property at 5614 W Chicago Ave, Chicago, IL 60651 is currently available for sale. Contact Charles Rutenberg Realty for more information.

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