Chicago, IL 60622 1348 W Concord Place

$2,995,000

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Presented By: @properties Christie's International Real Estate
  • MLS# 12207823
  • 11/14/2024
  • Request Tour
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  • SQFT • 17,250

Home Details

A versatile 3 story office building with 17,250 square feet that has been completely built out. The building consists of reception area's, private offices, open concept work area's, conference rooms, built-out webinar rooms, kitchenette and breakroom/eating area's. An owner user has income in place to off-set expenses or, with the large spectrum of permitted uses, this can be a value add opportunity for an investor. Multi-tenant potential with separate HVAC, gas and electric for each floor, fire sprinklers, generator, freight / passenger elevator, and so much more. Full list of FF&E, survey and floor plans available upon request. Rental income is proforma...second and third floor currently vacant.
Presented By: @properties Christie's International Real Estate

Interior Features for 1348 W Concord Place

Other Interior Features

FlooringCarpet, Concrete, Tile

General for 1348 W Concord Place

Additional Parcels Y/NNo
Cap Rate8.3
CityChicago
Construction MaterialsBrick, Wood
CoolingCentral Air
CountyCook
Current UseCommercial, Office
DirectionsNorth Ave. to Elston Ave. north to Concord Pl. East to 1348
ElectricCircuit Breakers, Separate Meters, Heavy Power 1200+ Amps, Three Phase
Gross Income428281
Leasable Area11500
Lease TypeModified Gross
Lot Size Square Feet6550
MLS AreaCHI - West Town
ModificationTimestamp2025-08-06T20:02:07.600Z
Net Operating Income289411
Number Of Units Total3
Operating Expense138870
PossessionClosing
Property TypeCommercial Sale
Property TypeOffice/Tech
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount89000
Tax Year2023
Tenant PaysAir Conditioning, Electricity, Heat, Taxes, Repairs, Scavenger, Sewer, Varies by Tenant
TownshipWest Chicago
UtilitiesElectricity Available, Natural Gas Available
Virtual TourClick here
Year Built1888
ZoningMANUF

Exterior for 1348 W Concord Place

Building Area Total17250
Foundation DetailsConcrete Perimeter
Lot Dimensions50 X 131
Lot Size Acres0.15

Additional Details

Price History

Client Care

Price $2,995,000
MLS#12207823
List Date 11/14/2024
Property Type Commercial
Phone 847.485.2500
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