Chicago, IL 60647 2615 W North Avenue
$900,000
15 more
Presented By: @properties Christie's International Real Estate
SQFT • 5,000
Home Details
Fully leased West Town/Humboldt Park mixed-use building with 2025 Gross Income of $91,968 projected 2026 GPI of $97,537 and built-in rent growth. Two updated apartments, 3 bed/1 bath and 4 bed/1 bath, plus a long-term restaurant tenant through 2028. Apartments feature modern kitchens, baths, in-unit laundry, hardwood floors, and outdoor space. Restaurant lease includes annual rent bumps starting in 2026, plus reimbursement of 30% of property taxes and 70% of water/sewer/trash. Low landlord expenses, stable tenancy, and recent upgrades - including roof (2020), parking pad, deck, foundation work, and sump pump - make this a turnkey, high-performing asset steps from the 606, parks, dining, and Blue Line.
Presented By: @properties Christie's International Real Estate
Interior Features for 2615 W North Avenue
Other Interior Features
FlooringWood
Total Fireplaces
General for 2615 W North Avenue
Additional Parcels Y/NNo
Cap Rate6.32
CityChicago
Construction MaterialsBrick, Stone
CoolingNone
CountyCook
DirectionsWestern Ave. to North Ave west to 2615
ElectricSeparate Meters
Electric Expense
Fuel Expense
Gross Income91968
Insurance Expense6500
Lease TypeModified Gross
Lot Size Square Feet2450
MLS AreaCHI - West Town
ModificationTimestamp2025-08-17T05:07:17.803Z
Net Operating Income56861
Number Of Units Total3
Operating Expense33984
PossessionClosing, Tenant's Rights
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount12140
Tax Year2023
Tenant PaysElectricity, Heat
TownshipLake View
Trash Expense0
Water Sewer Expense5393
Year Built1906
ZoningOTHER
Exterior for 2615 W North Avenue
Building Area Total5000
Foundation DetailsStone
Frontage TypeCity Street
Lot Dimensions25X98
Additional Details
Price History
