Chicago, IL 60622 1734 -1736 W North Avenue
$1,950,000
Pending



10 more











Presented By: Coldwell Banker Realty
Home Details
1734-1736 W. North Ave; This exceptional mixed-use property in Wicker Park offers a development 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 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 strategically invested in redevelopment groundwork, including architectural designs, engineering studies, and a zoning change. These plans are for consideration per seller's discretion. To further assist your due diligence, a survey and information on several area incentives are available upon request. Prime Wicker Park asset with significant upside-ideal for redevelopment opportunities.
Presented By: Coldwell Banker Realty
General for 1734 -1736 W North Avenue
Additional Parcels Y/NYes
CityChicago
Construction MaterialsBrick
CoolingPartial
CountyCook
Current UseCommercial
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
Number Of Units Total8
Operating Expense66209
PossessionClosing
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
RoofRubber
Standard StatusPending
StatusPending
Stories3
Tax Annual Amount42320
Tax Year2022
Tenant PaysElectricity, Heat
Trash Expense0
Water Sewer Expense3240
Year Built1893
ZoningCOMMR
Exterior for 1734 -1736 W North Avenue
Building Area Total11450
Foundation DetailsBlock, Stone
Frontage TypeCity Street
Lot Dimensions50 X 124
Additional Details
Price History
