Chicago, IL 60659 5620 N Western Avenue

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Presented By: EXIT Strategy Realty
  • MLS# 11978562
  • 02/09/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.

Home Details

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.
Presented By: EXIT Strategy Realty

Interior Features for 5620 N Western Avenue

Other Interior Features

FlooringCarpet, Wood

General for 5620 N Western Avenue

Additional Parcels Y/NYes
CityChicago
CoolingCentral Air
CountyCook
Current UseCommercial, Office
Days on Market213
DirectionsJust a little North or Bryn Mawr on the west side of the street
ElectricSeparate Meters, Service - 101 to 200 Amps, Three Phase
Electric Expense
Fuel Expense3150
Gross Income117626
Insurance Expense2204
Lot Size Square Feet9375
MLS AreaCHI - West Ridge
Net Operating Income81269
NumberOfUnitsTotal5
Operating Expense36357
PossessionClosing
Possible UseConditional Use, Special Use, Other
Property SubTypeApts/Ofc/Store, Automotive, Apts/Ofc, Apts/Stores, Ofc/Store
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive
StatusActive
Stories3
Tax Annual Amount27305
Tax Year2022
Tenant PaysAir Conditioning, Electricity, Heat, Scavenger, Sewer
Trash Expense0
UtilitiesElectric to Site, Gas to Site, Water-Municipal
Water Sewer Expense0
Year Built1938
ZoningCOMMR

Exterior for 5620 N Western Avenue

Frontage TypeCity Street
Lot Dimensions75 X 125

Additional Details

Price History

Worth Clark

Price $1,199,000
MLS#11978562
List Date 02/09/2024
Property Type Commercial
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