Price Reduced Listing
$1,095,000
( $178.11Per Sq Foot )
 $5,878 est/mo Sourced by Back At You

5239 N Damen Avenue , Chicago, IL 60625

Chicago, IL 60625

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Description

Located on a corner lot in the up and coming neighborhood of Bowmanville, this mixed-use building is perfect for an investor or user looking for a home for their business. The property features (2) 2br/1ba apartments + (1) non-conforming studio unit - all located on the second floor. The ground floor features (3) commercial spaces. One is occupied through 10/1/2025 and the other two are vacant. Previously there had been a bar with both spaces combined, but now it's set up for an office/retail set up. Endless possibilities on this one. All units have individual HVAC & the roof is a tear off in 2024. Commercial spaces feature newer commercial windows as well. Current gross rents are $68,400 annually. That can be pushed to $135,000 JUST BY FILLING VACANCIES AND BRINGING RENTS TO MARKET! Apartment rents are well below market (long term tenants and relative in the other) & studio unit was recently renovated and rented out. Reach out to learn more about this asset.

Details

MLS#12203146
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1930
Days On Site102
Listing Provided ByHorvath & Tremblay IL, LLC | John Preston

Features

SQ Feet6,148
Story(s)2
Units6
ZoningCOMMR

Market Activity 60625

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Listings Checked: 30 minutes ago
StateIL
CountyCook
CityChicago
Zip Code60625
AreaCHI Lincoln Square
Listing VS Median (in 60625)
Price:
$1,095,000
low | high
Med:
$232,000
100% of Average
SqFt:
6,148
low | high
Med:
1,000
100% of Average
$ / SqFt:
$178
low | high
Med:
$232
19.74100456621% of Average
On Site:
102
low | high
Med:
13.000000
100% of Average
Sourced by Back At You
Listing Updated: February 14, 2025 at 7:42:45 PM PST