1616 N WESTERN Avenue, Chicago, IL 60647

  • $4,350,000
  • $4,350,000
1616 N WESTERN Avenue, Chicago, IL 60647
For Sale
1616 N WESTERN Avenue, Chicago, IL 60647
  • $4,350,000
  • $4,350,000

Overview

Property ID: 22301699
  • Commercial Sale
  • Property Type
  • 2003
  • Year Built

Description

Introducing a prime investment opportunity in Bucktown, this newer 10-unit building is a testament to modern luxury and urban convenience. Each extra-wide condo-quality apartment boasts high ceilings, balconies, hardwood floors, granite countertops, and 42-inch cabinets with stainless steel appliances, creating a sophisticated living experience. Oversized windows flood each unit with natural light, enhancing the spacious rooms and elegant interiors. The building includes eight storage units and nine attached garage spots, ensuring ample convenience for residents. Currently, the property is fully occupied with long-term, high-quality tenants, offering stability and immediate rental income. There is significant potential to increase rental rates, supported by the upscale design and desirable location. Featuring eight upscale residential units and two commercial spaces, each with separate tax IDs, this property offers versatility and investment security. Situated near the Blue Line and Western Avenue CTA stop, residents enjoy easy transit access, while the vibrant neighborhood boasts trendy restaurants, fashionable boutiques, art galleries, and music venues, enriching the local lifestyle and attracting a dynamic tenant base.

  • Address 1616 N WESTERN Avenue
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60647
  • Country United States

Details

Updated on August 23, 2024 at 6:33 pm
  • Property ID: 22301699
  • Price: $4,350,000
  • Year Built: 2003
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • MLS#: MRD12089455
  • Office Name: WESLEY REALTY GROUP
  • Agent Name: Yvonne Stachyra
  • MLS Status: Active

Additional details

  • List Office MLSID: MRD4017
  • List Agent MLSID: MRD35740
  • List Date: 2024-06-20T17:46:54.000Z
  • Cooling: Central Air
  • Tax Annual: 48684
  • Tax Year: 2022
  • County: Cook

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