Chicago, IL 60622 1734 - 1736 W North Avenue

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Presented By: Coldwell Banker Realty
  • MLS# 11952661
  • 03/07/2023
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • SQFT • 11,450

Home Details

Two-Building Mixed-Use Property in Wicker Park: This exceptional mixed-use property in Wicker Park offers a unique investment opportunity. Strategically located at the corner of North Ave & Hermitage, the property comprises two distinct parcels, each with its own PIN #, and is perfectly zoned B3-3 for seasoned investors and developers. The property features a total of six residential units and 3 commercial spaces, providing a variety of income streams and development possibilities. This prime location benefits from high foot traffic, proximity to public transportation (Damen Blue Line 'L' Station), The 606 Trail, and easy access to the 90/94 Expressway. The property's B3-3 zoning allows for a wide range of commercial and mixed-use development options. The seller has invested substantial time and resources into planning a redevelopment project, including architectural services, design plans, engineering studies, and a zoning change. These comprehensive plans can be transferred to the new owner, saving on costs and expediting the development process. Additionally, the property is EPA-certified, ensuring a smooth transition. To further assist your due diligence, a survey and information on several area incentives are available upon request. Don't miss this opportunity to acquire a valuable Wicker Park property with exceptional potential.
Presented By: Coldwell Banker Realty

Interior Features for 1734 - 1736 W North Avenue

Other Interior Features

Street SuffixAvenue

General for 1734 - 1736 W North Avenue

Additional Parcels Y/NYes
CityChicago
Construction MaterialsBrick
CoolingPartial
CountyCook
Current UseCommercial
Days on Market202
DirectionsEast or West on North Avenue to 1734 and 1736 W North Avenue
ElectricCircuit Breakers
Electric Expense9600
Fuel Expense2400
Gross Income152280
Insurance Expense8400
Lease TypeModified Gross
Lot Size Square Feet6200
MLS AreaCHI - West Town
Net Operating Income86070
NumberOfUnitsTotal8
Operating Expense66209
PossessionClosing
Property SubTypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
RoofRubber
Standard StatusActive
StatusActive
Stories5
Tax Annual Amount42320
Tax Year2022
Tenant PaysElectricity
TownshipWest Chicago
Trash Expense0
Virtual TourClick here
Water Sewer Expense3240
Year Built1893
ZoningCOMMR

Exterior for 1734 - 1736 W North Avenue

Building Area Total11450
ExteriorBrick
Foundation DetailsBlock, Stone
Frontage TypeCity Street
Lot Dimensions50 X 124

Additional Details

Price History

Worth Clark

Price $1,950,000
MLS#11952661
List Date 03/07/2023
Property Type Commercial
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