1748 West North Avenue

Chicago, IL 60622

$4,400,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Fully rented and rarely available 7-unit elevator condo quality building in the heart of Bucktown. This well-maintained building is ready for the next investor to sit back and collect rent. Monthly gross income $29,641. Two commercial store front spaces with long term leases in place with leases ending in 2028. All residential units are 3 bedrooms, 2 bath condo quality units featuring large custom kitchen with granite countertops, stainless appliances, custom cabinets opening to living room and dining...Fully rented and rarely available 7-unit elevator condo quality building in the heart of Bucktown. This well-maintained building is ready for the next investor to sit back and collect rent. Monthly gross income $29,641. Two commercial store front spaces with long term leases in place with leases ending in 2028. All residential units are 3 bedrooms, 2 bath condo quality units featuring large custom kitchen with granite countertops, stainless appliances, custom cabinets opening to living room and dining room. Three true bedrooms features primary bedroom with ensuite bathroom with double bowl stone countertops, and separate shower. Large second and third bedrooms along with updated second bath. Hardwood floors throughout. All units have separate HVAC, in-unit washer and dryer and all pay their own utilities. All residential finishes similar in all units. Unit 4W and 4E have interior unit stairs to access the private roof deck. Unit 3 is a full floor with huge front and rear terrace spaces to entertain. Unit 3 features three-bedroom, two full baths plus a half bath. Full floor unit 3 primary bath has double bowl sink, separate shower plus soaking tub. Photos are from unit 4W along with floorplan, 2W are identical to 4W. 2E, 4E units are the same as 4W layout just flipped. Unit 3 is a full floor see floorplan. Finishes in the building are all high end and similar throughout. Parking spaces in the rear of the building. A member of the LLC holds an Illinois real estate license. The listing broker is not a member of the LLC.
  1. Listed by Pasquale Recchia • @properties Christie's International Real Estate

Property Details for 1748 West North Avenue

Area
CHI - West Town
Township
West Chicago
Num of Interior Fireplaces
5
Zoning
COMMR
LISTING UPDATED: 09/04/2024 12:20 PM

Property Details for 1748 West North Avenue

StatusActive
MLS #12035612
Days on Market332
Taxes$57,309 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built2011
Lot Size0.14 AC / 5,952 SF
CountyCook County

Building Information for 1748 West North Avenue

Stories4Residences7Year Built2011Lot Size0.14 AC / 5,952 SF

Property Information for 1748 West North Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Geographic Locale: Chicago North
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Central Individual
  • Electric: Circuit Breakers, Separate Meters
  • Flooring: Wood
  • # Of Washers: 5
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 5
  • Washer/Dryer Lsd: No
  • Misc Inside: Elevator/s Freight
  • # Of Dryers: 5
  • # Of Disposals: 5
  • # Of Dishwashers: 5
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 5
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: No
  • Approximate Age: 7-15 Years
  • Lot Dimensions: 48X124
  • Lot Size Square Feet: 5952.0
  • Stories: 4
  • Exterior Building Type: Brick
  • Construction: Brick, Block
  • Fire Protection: Fire Extinguisher/s
  • Roof Structure: Flat
  • # Of Offices: 0
  • # Of Ranges: 5
  • # Of Stores: 2
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-09-04T17:18:21
  • Photos Count: 11
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
Income & Expenses
  • Electric Expense: $2,010.00
  • Fuel Expense: $.00
  • Gross Income: $29,641.00
  • Gross Scheduled Income: $355,694.00
  • Insurance Expense: $13,995.00
  • Electric Expense Source: Actual
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Insurance Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 29641
  • Water Expense Source: Actual
  • Net Operating Income: $241,353.00
  • Operating Expense: $114,341.00
  • Other Expense: $.00
  • Trash Expense: $4,373.00
  • Water Sewer Expense: $6,457.00

Property History for 1748 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 1748 West North Avenue

Taxable ValueLand$40,796Additions$230,204Total$271,000
Tax Record2022$57,309 ($4,776 / month)
Home Facts
Baths4.5Total Finished SqFt14,056 SqFtAbove Grade Finished SqFt14,056 SqFtStories3Lot Size5,828 SqFtStyleMulti-Family Res (5+ Units)Year Built2011CountyCOOKAPN14-31-428-055

Schools near 1748 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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1748 West North Avenue is a mixed use property for sale in Chicago, IL 60622. This property was listed for sale on April 22, 2024 by @properties Christie's International Real Estate, it's currently listed at $4,400,000. It has been on the market for a total of 332 days and was last sold on July 7, 2016. This listing's school district is Chicago Public Schools. Nearby schools include Burr Elementary School, Wells Community Academy High School and Drummond Elementary School. 1748 West North Avenue is a 0-bed, 0-bath, mixed use property built in 2011.

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 @properties Christie's International Real Estate

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 09/04/2024 12:20 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.