5620 N Western Ave - Storefront Retail/Residential FOR SALE


Chicago, IL 60659- West Rogers Park
$1,199,000 USD
773-294-7534
5620 N Western Ave, Chicago, IL for Sale
$1,199,000 USD
Storefront Retail/Residential - FOR SALE
1/33
null | 6.78% 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

WELCOME TO ARCADIA TERRACE---unique opportunity to acquire a FULLY occupied THREE-lot / THREE pin investment/owner property with a tremendous traffic count and C1-2 ZONING for many businesses. 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 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 2024, 5620+18 are MTM, rents. Just slightly north of Bryn Mawr and 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 2022 5619     13-01-432-027  $7,708.64 5620     13-01-432-026  $10,906.29 5622     13-01-432-025  $8,690.36               TOTAL                $27,305.29

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/SF

$150 USD /SF

CAP RATE

6.78%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

5618-20-22 N Western--Three Lot Property

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 Policy.