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$1,450,000

Est. payment - /mo

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4,534 SqFt

Active

1850-52 N Milwaukee AVE Chicago, IL 60647

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Cristina Gluszek

cristinagluszek@gmail.com +1(815) 557-3821

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,534 sqft

Price per Sqft $319

MLS Listing ID 12326632

Year Built 1900

Annual Tax Amount $23,724

Tax Year 2023

Lot Dimensions 44X100

Property Sub-Type Mixed Use

Property Description

Rarely available, turnkey mixed-use building in the heart of Bucktown - a well-maintained, fully-rented trophy property for any investor. The building consists of 2 retail storefronts (chiropractor and sports performance) at +1,000 SF each and 2 top floor residential units at +1,000 SF each. Both res. units are 2 bed/1.1 bath with the possibility to add full and/or soft-lofted 3rd beds. Also included is 3 garage spaces and one outdoor parking space. All units have updated forced air, electric and plumbing. Long term tenants on currently low market rate leases with upcoming lease expirations for a generous future increased NOI. B3-2 Zoning. Close proximity to the Blue Line, shopping, entertainment and strong foot traffic on highly-desired Milwaukee Ave. Current gross income is 73,000/yr. Projected market rate gross income is estimated at 112,000/yr.

Location

State IL

County Cook

Area Chi - Logan Square

Zoning RTAIL

Interior

Cooling Central Air

Flooring Wood

Fireplace N

Building

Dwelling Type Mixed Use

Level or Stories 2

Structure Type Brick

Listed by John Federici • Compass