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    880 N Milwaukee Avenue

    Chicago, IL 60642
    • $6,250,000
    • STATUS: Active
    • ON SITE: 46 days
    • MLS #: 10948900
    UPDATED: 227 min ago
    $6,250,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2019
    County:

    School Ratings & Info

    Description

    Hi Luxury Intelligently Designed New Construction Building- 5.9% Cap Rate. Absolute Turnkey Opportunity in River West; Gateway to River North/Fulton Market right at Milwaukee/Ogden Blue Line. Luxury boutique elevator building with heated attached 8 + garage parking. Expertly engineered 5 story Masonry, Concrete & Steel construction. One 1390 sqft Commercial Space and EIGHT EXTRA WIDE expansive 1845 Sq ft 3 Bedroom/2 Bath plus private and common porcelain paved decks over garage and at roof! Outfitted with Integrated kitchens from Archisesto; Open Shelving, Full Walls of Cabinetry, Quartz Waterfall Edge, Liebherr/Miele Appliances. Stained Hardwood floors throughout. Layouts accommodate spacious living and dining area w/ Wet Bar plus stunning Master Suites featuring huge walk-in closet & spa like baths finished in porcelain/quartz, 8 Ft over-sized steam showers complete with bench & niche . Organized closets throughout Cove Accent lighting. AAA tenants stablized asset.

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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 2021-01-22T23:52:03.673 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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    880 N Milwaukee Avenue Chicago, IL 60642

    • Price: $6,250,000
    • Status: Active
    • Updated: 227 min ago
    • MLS #: 10948900
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    2019
    Built
    Neighborhood:
    Chi - West Town
    County:
    Cook
    Area:
    Chi - West Town
    Property Description
    Hi Luxury Intelligently Designed New Construction Building- 5.9% Cap Rate. Absolute Turnkey Opportunity in River West; Gateway to River North/Fulton Market right at Milwaukee/Ogden Blue Line. Luxury boutique elevator building with heated attached 8 + garage parking. Expertly engineered 5 story Masonry, Concrete & Steel construction. One 1390 sqft Commercial Space and EIGHT EXTRA WIDE expansive 1845 Sq ft 3 Bedroom/2 Bath plus private and common porcelain paved decks over garage and at roof! Outfitted with Integrated kitchens from Archisesto; Open Shelving, Full Walls of Cabinetry, Quartz Waterfall Edge, Liebherr/Miele Appliances. Stained Hardwood floors throughout. Layouts accommodate spacious living and dining area w/ Wet Bar plus stunning Master Suites featuring huge walk-in closet & spa like baths finished in porcelain/quartz, 8 Ft over-sized steam showers complete with bench & niche . Organized closets throughout Cove Accent lighting. AAA tenants stablized asset.
    Exterior Features

    Construction Materials BrickConcreteSteel Siding Foundation Details Concrete Perimeter Frontage Type City Street Location Mixed Use AreaPublic Transport Avail Parking Total 8 Roof Rubber Roof Structure FlatPrestressed ConcreteSteel Joists

    Interior Features

    Cooling Central Air Electric Circuit Breakers Fire Protection OtherCarbon Monoxide Detector(S) Fireplaces Total 0 Heat Ventilation Central Heat/Indiv ControlsForced AirGas Indoor Parking 6-12 Spaces Miscellaneous Inside Elevator/S PassengerStorage Inside Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Unit1 3 Number Of Bedrooms Unit2 0 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 Number Of Dishwashers 8 Number Of Disposals 8 Number Of Dryers 8 Number Of Full Bathrooms Type1 2 Number Of Ranges 8 Number Of Refrigs 8 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 6 Number Of Rooms Unit2 0 Number Of Rooms Unit3 0 Number Of Rooms Unit7 0 Number Of Units Apt Type1 8 Number Of Units Apt Type2 0 Number Of Units Apt Type3 0 Number Of Units Apt Type4 0 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Number Of Washers 8 Number Of Window Ac 0

    Property Features

    Additional Parcels YN Yes Built Before1978 YN No Cap Rate 5.9 Current Use Multi-Family Electric Expense 5400 Expense Year 2019 Exterior Building Type Brick Fuel Expense 0 Gross Income 458500 Gross Scheduled Income 458500 Insurance Expense 5800 Janitor Expense 0 Lot Size Dimensions 48 X 122 Maintenance Expense 0 Monthly Income Max1 5000 Net Operating Income Year 2019 Operating Expense 113289 Other Expense 0 Owners Assoc YN No Possible Use CondominiumMulti-Family Tax Annual Amount 94327 Tax Year 2019 Tenant Pays Air ConditioningElectricityHeat Total Monthly Income 38215 Trash Expense 12000 Type Multi Family Other Unincorporated YN No Washer Dryer Leased YN No Water Sewer Expense 0 Zoning Multi

    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 2021-01-22T23:52:03.673 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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