1850-52 N Milwaukee Avenue,Chicago, IL 60647
Chicago, IL 60647
Description
Rarely available, turnkey mixed-use building in the heart of Bucktown - a well-maintained, fully-rented trophy property for any investor. The building consists of 2 retail storefronts (chiropractor and sports performance) at +1,000 SF each and 2 top floor residential units at +1,000 SF each. Both res. units are 2 bed/1.1 bath with the possibility to add full and/or soft-lofted 3rd beds. Also included is 3 garage spaces and one outdoor parking space. All units have updated forced air, electric and plumbing. Long term tenants on currently low market rate leases with upcoming lease expirations for a generous future increased NOI. B3-2 Zoning. Close proximity to the Blue Line, shopping, entertainment and strong foot traffic on highly-desired Milwaukee Ave. Current gross income is 73,000/yr. Projected market rate gross income is estimated at 112,000/yr.
Details
| MLS# | 12326632 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 16 |
| Listing Provided By | Compass | John Federici |
Features
| SQ Feet | 4,534 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Zoning | RTAIL |
Market Activity 60647
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60647 |
| Area | CHI Logan Square |
| Listing VS Median (in 60647) | |
Price: $1,450,000 low | high Med: $330,000 SqFt: 4,534 low | high Med: 1,900 $ / SqFt: $320 low | high Med: $174 On site: 16 low | high Med: 31.000000 | |
