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    1343 N Western Avenue

    Chicago, IL 60622
    • $1,699,000
    • STATUS: Active
    • ON SITE: 53 days
    • MLS #: 10946441
    UPDATED: 204 min ago
    $1,699,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2020
    County:

    School Ratings & Info

    Description

    Perfect investment opportunity in highly sought-after Wicker Park. Brand new construction, high-end luxury multi-unit built by an experienced local builder with an extensive resume. Building consists of four (4) units: three (3) luxury rental apartments plus a flex opportunity within the commercial space to keep as retail/office or rezone as a live-work space. The rental units are the epitome of what today's renters are seeking and will command top rents and A+ qualified tenants. They are Ultra Modern with up-to-the-minute finishes! Extra Wide floorplans consisting of 3 bedroom 2 bath residences with Huge Private Rear Terraces, Full Sized Floor to Ceiling Windows, Professional Kitchens, White Shaker Cabinets, Stainless Appliances, Quartz Countertops, Wood Grained Flooring Throughout. All bedrooms are well-sized and Resort Caliber Primary Suite with Oversized Spa Shower, Double Vanity and Heated Floors. Outfitted Closets, Window Treatments, Washer/Dryer In Unit & Parking. The commercial space is planned to deliver as vanilla box, with opportunity to commission the Builder to complete your vision. All units have separate utilities; gas-forced heat and central air conditioning controlled and paid for by the tenants individually. The building's rooftop is built to support and prepped for decking; buildout not included. Proforma CAP Rate 6.4% Prime rental location. Easy stroll to heart of Wicker Park dining, shopping and entertainment strip. Transportation options including walking distance to L and easy access to expressway. This is truly turn-key, hassle-free armchair investment opportunity! HWA 1 year warranty included with the sale.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2021-01-26T18:52:44.593 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    1343 N Western Avenue Chicago, IL 60622

    • Price: $1,699,000
    • Status: Active
    • Updated: 204 min ago
    • MLS #: 10946441
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2020
    Built
    Neighborhood:
    Chi - West Town
    County:
    Cook
    Area:
    Chi - West Town
    Property Description
    Perfect investment opportunity in highly sought-after Wicker Park. Brand new construction, high-end luxury multi-unit built by an experienced local builder with an extensive resume. Building consists of four (4) units: three (3) luxury rental apartments plus a flex opportunity within the commercial space to keep as retail/office or rezone as a live-work space. The rental units are the epitome of what today's renters are seeking and will command top rents and A+ qualified tenants. They are Ultra Modern with up-to-the-minute finishes! Extra Wide floorplans consisting of 3 bedroom 2 bath residences with Huge Private Rear Terraces, Full Sized Floor to Ceiling Windows, Professional Kitchens, White Shaker Cabinets, Stainless Appliances, Quartz Countertops, Wood Grained Flooring Throughout. All bedrooms are well-sized and Resort Caliber Primary Suite with Oversized Spa Shower, Double Vanity and Heated Floors. Outfitted Closets, Window Treatments, Washer/Dryer In Unit & Parking. The commercial space is planned to deliver as vanilla box, with opportunity to commission the Builder to complete your vision. All units have separate utilities; gas-forced heat and central air conditioning controlled and paid for by the tenants individually. The building's rooftop is built to support and prepped for decking; buildout not included. Proforma CAP Rate 6.4% Prime rental location. Easy stroll to heart of Wicker Park dining, shopping and entertainment strip. Transportation options including walking distance to L and easy access to expressway. This is truly turn-key, hassle-free armchair investment opportunity! HWA 1 year warranty included with the sale.
    Exterior Features

    Parking Total 3

    Interior Features

    Cooling Central Air Electric Circuit Breakers Fire Protection Carbon Monoxide Detector(S) Heat Ventilation Forced AirGas Number Of Apts 3 Number Of Dishwashers 3 Number Of Disposals 3 Number Of Dryers 3 Number Of Offices 1 Number Of Ranges 3 Number Of Refrigs 3 Number Of Stores 1 Number Of Washers 3

    Property Features

    Additional Parcels YN No Built Before1978 YN No Cap Rate 6.4 Electric Expense 700 Expense Year 2020 Fuel Expense 0 Geographic Locale Chicago Northwest Gross Income 142212 Gross Scheduled Income 142212 Insurance Expense 3400 Lot Size Dimensions 24 X 108 Net Operating Income Year 2020 Operating Expense 33300 Owners Assoc YN No Tax Annual Amount 25000 Tax Year 2019 Tenant Pays ElectricityHeatVaries By Tenant Total Monthly Income 11851 Trash Expense 1200 Unincorporated YN No Washer Dryer Leased YN No Water Sewer Expense 3000

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of North Clybourn Group, Inc..


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2021-01-26T18:52:44.593 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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