1956 W Armitage Ave - Storefront Retail/Residential FOR SALE


Chicago, IL 60622- Bucktown
$3,980,000 USD
312-925-8013
1956 W Armitage Ave, Chicago, IL for Sale
$3,980,000 USD
Storefront Retail/Residential - FOR SALE
1/42
null | 5.73% Cap Rate

1956 W Armitage Ave
Chicago, IL 60622
Bucktown


HIGHLIGHTS

  • Value-Add Opportunities
  • 100% Occupied
  • Heart of Booming Bucktown Neighborhood

OVERVIEW

Incredible investment opportunity located in the heart of Chicago’s Bucktown neighborhood available for sale for the first time in generations. This well-maintained building consists of four street level commercial units and four residential units upstairs. The building is 100% occupied and has been for years. In addition to existing tenants, the building has also entered into a long-term leasing arrangement with Verizon to install a cell phone tower. License and permits are all approved – just waiting on install. Additional revenue opportunities exist such as possible billboard installation where legacy board previously existed. First showings will be with the commercial units. Residential units will only be shown to interested parties on a second visit. Additional information requires executed NDA. Proof of funds needed to schedule formal tour.

FOR SALE DETAILS

PRICE

$3,980,000 USD

PRICE/SF

$411 USD /SF

CAP RATE

5.73%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

N Damen Ave.

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

B3-2

APN/PARCEL ID

14-31-213-035-0000

ASK ABOUT THIS PROPERTY

Mikus KinsBe Commercial RealtyMore Info
312-925-8013

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Mikus KinsBe Commercial RealtyMore Info
312-925-8013

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