1409-1411 W Lunt Ave - Storefront Retail/Residential FOR SALE


Chicago, IL 60626- Rogers Park
$1,279,000 USD
773-974-6671
1409-1411 W Lunt Ave, Chicago, IL for Sale
$1,279,000 USD
Storefront Retail/Residential - FOR SALE
1/20
null | 6% Cap Rate

1409-1411 W Lunt Ave
Chicago, IL 60626
Rogers Park


HIGHLIGHTS

  • Vibrant Rogers Park corner building
  • Solid tenants
  • Easy access to Public Transit and the Lake

OVERVIEW

Great investment opportunity in Rogers Park just steps to the Lake! This building features two apartment units on the 2nd level both featuring individual HVAC and 11 ft ceilings. 2E is a 2 bed 1.5 bath unit that has been recently updated w/ SS appliances, in unit laundry, engineered hardwood floors throughout and modern bathroom finishes. 2W features 2 bedrooms, 1 bath and a dining room. There are 2 commercial units which the tenant combined them to be one convenience/liquor store. All tenants pay all their own utilities except water. Roof is newer, as are commercial storefront windows and more. There is also a billboard on the east side of the building bringing in $500/month with 3 more years on the current lease which renews every 5 years. This armchair investment has very little common space to maintain and minimal expenses, with room to increase rents over time. All this located in booming Rogers Park with easy access to Lake Shore Drive, Loyola, the Red Line, downtown, parks along the lake, bars, restaurants and more, making the units upstairs easy to rent.

FOR SALE DETAILS

PRICE

$1,279,000 USD

PRICE/SF

$320 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

B3-3

APN/PARCEL ID

11-32-113-006-0000

ASK ABOUT THIS PROPERTY

Jim StreffBerkshire Hathaway HomeServices ChicagoMore Info
773-974-6671

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Jim StreffBerkshire Hathaway HomeServices ChicagoMore Info
773-974-6671

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.