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Listed by Dawn Lynchof @properties Christie's International Real Estate
$ 900,000
Est. payment /mo
Active Under Contract
2615 W North Avenue Chicago, IL 60647
5,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $180
MLS Listing ID 12438797
Year Built 1906
Annual Tax Amount $12,140
Tax Year 2023
Lot Dimensions 25X98
Property Sub-Type Mixed Use
Property Description
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.
Location
State IL
County Cook
Zoning OTHER
Interior
Cooling None
Flooring Wood
Fireplace Y
Exterior
View Y/N true
Building
Foundation Stone
Structure Type Brick,Stone
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.