Skip To Content

1003 W Armitage Avenue

Chicago, IL 60614
  • $3,080,000
  • STATUS: Active
  • ON SITE: 14 Days
  • MLS #: 11474963
UPDATED: 61 min ago
$3,080,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1886
County:

School Ratings & Info

Description

Very rare & premier investment opportunity! fully stabilized, gutted, mixed-use investment property located on the most desirable LINCOLN PARK Street. 4 APRARMENTS and 1 Retail Space * 100% Leased * Located just across the street from the Chicago Transit Authority's (CTA) Brown Line L Train Stop at Armitage. * Stable Operating Income with Potential for Rent Increase * Tenants Pay All Utilities * 2022 Completed New Roof * 2022 New AC Condenser. For Each Unit Features Hardwood Floors, In-unit Laundry, Quartz Countertops, Stainless Steel Appliances, and Individual HVAC Units.

Monthly Payment Calculator



© 2022 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 The Schwabe Group | Compass. Based on information submitted to the MRED as of 2022-08-10T08:59:34.053 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
www.schwabegrouphomes.com/homes/131283147
Print Image

1003 W Armitage Avenue Chicago, IL 60614

  • Price: $3,080,000
  • Status: Active
  • On Site: 14 Days
  • Updated: 61 min ago
  • MLS #: 11474963
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1886
Built
Neighborhood:
Chi - Lincoln Park
County:
Cook
Area:
Chi - Lincoln Park
Property Description
Very rare & premier investment opportunity! fully stabilized, gutted, mixed-use investment property located on the most desirable LINCOLN PARK Street. 4 APRARMENTS and 1 Retail Space * 100% Leased * Located just across the street from the Chicago Transit Authority's (CTA) Brown Line L Train Stop at Armitage. * Stable Operating Income with Potential for Rent Increase * Tenants Pay All Utilities * 2022 Completed New Roof * 2022 New AC Condenser. For Each Unit Features Hardwood Floors, In-unit Laundry, Quartz Countertops, Stainless Steel Appliances, and Individual HVAC Units.
Exterior Features

Exterior Building Type Brick Foundation Details Concrete PerimeterStone Outdoor Parking 1-5 Spaces Parking Total 3

Interior Features

Heat Ventilation Central Heat/Indiv ControlsForced AirIndividual Furnaces

Property Features

Additional Parcels YN No Approximate Age New Rehab Building Area Total 5009 Built Before1978 YN Yes Gross Income 208947 Gross Scheduled Income 208947 Insurance Expense 6488 Maintenance Expense 1000 Mls Actual Status Active Net Operating Income 163892 Operating Expense 45055 Tax Annual Amount 31704 Tax Year 2020 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeat Total Monthly Income 17412 Type Multi Family 5+

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Citywide Real Estate.


© 2022 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 The Schwabe Group | Compass. Based on information submitted to the MRED as of 2022-08-10T08:59:34.053 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
 
https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11474963-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11474963-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_11474963-1.jpg
Logo
The Schwabe Group | Compass
11 South Evergreen Avenue
Arlington Heights IL, 60005