1734 West North Avenue

Chicago, IL 60622

$1,950,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

1734-1736 w. North Ave; This exceptional mixed-use property in Wicker Park offers a unique investment opportunity. Strategically located at the corner of North Ave & Hermitage, the property comprises two distinct parcels, each with its own PIN #, and is perfectly zoned B3-3 for seasoned investors and developers. The property features a total of six residential units and 3 commercial spaces, providing a variety of development possibilities. This prime location benefits from high foot traffic, proximity...1734-1736 w. North Ave; This exceptional mixed-use property in Wicker Park offers a unique investment opportunity. Strategically located at the corner of North Ave & Hermitage, the property comprises two distinct parcels, each with its own PIN #, and is perfectly zoned B3-3 for seasoned investors and developers. The property features a total of six residential units and 3 commercial spaces, providing a variety of development possibilities. This prime location benefits from high foot traffic, proximity to public transportation (Damen Blue Line 'L' Station), The 606 Trail, and easy access to the 90/94 Expressway. The property's B3-3 zoning allows for a wide range of commercial and mixed-use development options. The seller has invested substantial time and resources into planning a redevelopment project, including architectural services, design plans, engineering studies, and a zoning change. These comprehensive plans can be transferred to the new owner, saving on costs and expediting the development process. Additionally, the property is EPA-certified, ensuring a smooth transition. To further assist your due diligence, a survey and information on several area incentives are available upon request. Don't miss this opportunity to acquire a valuable Wicker Park property with exceptional potential.
  1. Listed by Lourdes Hernandez • Coldwell Banker Realty
  2. Listed by Stewart Morales • Coldwell Banker Realty

Property Details for 1734 West North Avenue

Area
CHI - West Town
Township
West Chicago
Zoning
COMMR
LISTING UPDATED: 11/11/2024 04:44 PM

Property Details for 1734 West North Avenue

StatusNew
MLS #12204792
Days on Market4
Taxes$42,320 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1893
Lot Size0.14 AC / 6,200 SF
CountyCook County

Building Information for 1734 West North Avenue

Stories5Residences8Year Built1893Lot Size0.14 AC / 6,200 SF

Property Information for 1734 West North Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Chicago West
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Partial
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 6
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 50 X 124
  • Lot Size Square Feet: 6200.0
  • Stories: 5
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Rubber
  • Fire Protection: Smoke or Fire Protectors
  • Roof Structure: Flat
  • Foundation Details: Block, Stone
  • Building Area Total: 11450
  • # Of Offices: 0
  • Other SqFt: 1300
  • Retail SqFt: 4850
  • # Of Stores: 2
  • Property Sub Type: Mixed Use
Property and Assessments
  • Buyer Financing: Conventional, Cash
  • Documents Available: Leases
  • Docks: None
  • Public Document Count: 0
  • Photos Count: 15
Miscellaneous
  • Current Use: Commercial
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Income & Expenses
  • Electric Expense: $9,600.00
  • Fuel Expense: $2,400.00
  • Gross Income: $152,280.00
  • Gross Scheduled Income: $152,280.00
  • Insurance Expense: $8,400.00
  • Electric Expense Source: Owner Projection
  • Expense Year: 2023
  • Total Annual Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Other Expense Source: Owner Projection
  • Total Monthly Income: 12690
  • Water Expense Source: Owner Projection
  • Net Operating Income: $86,070.00
  • Operating Expense: $66,209.00
  • Other Expense: $250.00
  • Trash Expense: $.00
  • Water Sewer Expense: $3,240.00

Property History for 1734 West North Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1734 West North Avenue

Taxable ValueLand$21,700Additions$79,360Total$101,060
Tax Record2022$21,371 ($1,781 / month)
Home Facts
Baths2.5Total Finished SqFt6,200 SqFtAbove Grade Finished SqFt6,200 SqFtStories2Lot Size3,100 SqFtStyleMulti-Family Res (5+ Units)Year Built1926CountyCOOKAPN14-31-428-047

Schools near 1734 West North Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - PK to 8
Charter - K to 8
Rating
School
Distance
Burr Elementary School
PublicK to 8

Wells Community Academy High School
Public9 to 12

Drummond Elementary School
PublicPK to 8

Rowe Elementary 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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1734 West North Avenue is a mixed use property for sale in Chicago, IL 60622. This property was listed for sale on November 11, 2024 by Coldwell Banker Realty, it's currently listed at $1,950,000. This listing's school district is Chicago Public Schools. Nearby schools include Burr Elementary School, Wells Community Academy High School and Drummond Elementary School. 1734 West North Avenue is a 0-bed, 0-bath, mixed use property built in 1893.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/11/2024 04:44 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.