3 LOT PROPERTY FOR SALE
8.1% CAP RATE
5618-20-22 N Western Ave., Chicago, Illinois 60659
(just a little north of Bryn Mawr, west side of the street)
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
This is a great opportunity to acquire a FULLY occupied THREE-lot property in Arcadia Terrace on Western Avenue.
Investment/owner property, highly visible 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 rooms
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 + 200 amp panel.
TWO CURB CUTS AT 5618 AND 5622
ALSO IDEAL FOR RE-DEVELOPMENT—-taxes have been reduced
TAXES 2025
5618 13-01-432-027-0000 $5,004.18 (bill says 5619, incorrect)
5620 13-01-432-026-0000 $11,849.56
5622 13-01-432-025-0000 $8,255.91
TOTAL $25,106.65
CURRENT TENANT STATUS
5618 N Western MONTH TO MONTH
5622 N Western MONTH TO MONTH
5620 N Western-1 5-27 expiration
5620 N Western-2 10-26 expiration
5620 N Western-3 2-27 expiration
DIMENSIONS
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)
Between Bryn Mawr and Peterson, adjacent to Lincoln Avenue.
Easy access to public transportation and Lake Shore Drive.