5620 N Western Ave - Storefront Retail/Residential FOR SALE


Chicago, IL 60659- West Rogers Park
$1,149,000 USD
773-294-7534
5620 N Western Ave, Chicago, IL for Sale
$1,149,000 USD
Storefront Retail/Residential - FOR SALE
1/33
null | 7.88% Cap Rate

5620 N Western Ave
Chicago, IL 60659
West Rogers Park


HIGHLIGHTS

  • Ideal for owner user, many possibilities
  • Three lots with 75' frontage with a traffic count of 30k cars per day
  • Three pins, three properties in one, 5619---lot, 5620---three story with store+two 2BR apts, 5622---single story flexicore, can add more stories

OVERVIEW

3 LOT PROPERTY FOR SALE 7.88% CAP RATE 5618-20-22 N Western Ave.,Chicago, Illinois   60659 (just a little north of Bryn Mawr) HERE IS THE VIDEO LINK: https://youtu.be/ShBBSsm6ziQ  WELCOME TO ARCADIA TERRACE---unique opportunity to acquire a FULLY occupied THREE-lot property Investment/owner property with a tremendous traffic count and C1-2 ZONING for many businesses. ALSO IDEAL FOR RE-DEVELOPMENT—-taxes have been reduced  From left to right it consists of: 5618-gated parking lot/5620 three story mixed use ALL NEW REHAB-- with a store, 200 amp panel, front-back office plus three private offices Upstairs has two 2-BR apartments, 100 amp panel, with separate dining  All units with separate NEW HVAC plus hardwood floors plus all NEW steel back decks NEW hot water tank, NEWER roof-5 years, rebuilt parapets, tuckpointed 5622 is a free standing 1 story flexi-core commercial garage---levels can be added---200-amp 3-phase+200amp panel.  Tenants in 5620 all expire in 2026, 5620+18 are MTM, rents---- 7.88% cap rate Adjacent to the booming Devon corridor along with Lincoln Square, Ravenswood, Edgewater.  Easy access to public transportation and Lake Shore Drive. C1-2 zoning / 30,000 cars per day traffic count Three 2755/SF LOTS or 8265/SF total / 75’ frontage x 110’ deep ABOUT 8000 TOTAL BUILDING SQUARE FEET 5618     enclosed parking lot, gated on both ends LOT       25’X110’ / 2755SF 5620     3-story mixed use, store + 2 apartments---about 4800BSF STORE --about 1750SF front      33x18 / ADA bathroom 8x7 back      11x37 office     11x9 office     11x9 office     11x9 APARTMENT-2nd floor---1250SF Living    17x12 Dining   15x10 Kitchen 12x10 BR1       15x10 BR2       13x10   APARTMENT-3RD floor---1250SF   Living    17x12 Dining   15x10 Kitchen 12x10 BR1       15x10 BR2       13x10   Garage 25x40 (storage for 5622, connected) 5622     single story commercial garage INSIDE GARAGE TYPE SPACE 25X110 space / 2750SF total (+1000SF from the back of 5620) TAXES 2024 --- now reduced  5618     13-01-432-027-0000   $3,804.37 (bill says 5619, incorrect) 5620     13-01-432-026-0000   $11,187.73 5622     13-01-432-025-0000   $9,118.12                        TOTAL              $24,110.22 7.88% CAP RATE FOR 2026

FOR SALE DETAILS

PRICE

$1,149,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

7.88%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

3-LOT PROPERTY / NEW PRICE / 7.93% CAP RATE

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1934

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,666 SF

ZONING

C1-2, Chicago

APN/PARCEL ID

13-01-432-025-0000,13-01-432-026-0000,13-01-432-027-0000

ASK ABOUT THIS PROPERTY

Alberto GonzalezExit Strategy RealtyMore Info
773-294-7534

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Alberto GonzalezExit Strategy RealtyMore Info
773-294-7534

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