1616 North Western Avenue
$4,350,000
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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...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.
- Listed by Yvonne Stachyra • Wesley Realty Group
Property Details for 1616 North Western Avenue
Area
CHI - West Town
TownshipWest Chicago
Num of Interior Fireplaces8
ZoningMULTI
LISTING UPDATED: 08/17/2024 03:32 AM
Property Details for 1616 North Western Avenue
Status | Active |
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MLS # | 12087705 |
Days on Market | 169 |
Taxes | $48,684 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 2003 |
Lot Size | 0.19 AC / 8,250 SF |
County | Cook County |
Building Information for 1616 North Western Avenue
Stories4Residences10Year Built2003Lot Size0.19 AC / 8,250 SF
Property Information for 1616 North Western Avenue
Property History for 1616 North Western Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1616 North Western Avenue
Taxable ValueLand$2,588Additions$19,784Total$22,372
Tax Record2022$4,731 ($394 / month)
Home Facts
Beds0Lot Size8,040 SqFtStyleCondominiumYear Built2001CountyCOOKAPN13-36-432-049-1004
Schools near 1616 North Western Avenue
This home is within Chicago Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 8 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
Moos Elementary School PublicPK to 8 | ||
Clemente Community Academy High School Public9 to 12 | ||
Sabin Elementary Magnet School PublicPK to 8 | ||
Erie Elementary Charter School CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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