3159 North California Avenue
$5,250,000
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Description
Best location on 3 major corners (Belmont, California and Elston Avenues) with numerous car count passing each street every day on all 3 of these major streets. Tenants are long time tenants. Plus rental income that easily could be increased to today's rental rates. There is an opportunity for "value added" to increase apartment rents. Present rents are under market value. Incredible land square footage. Corner building is 18,812 square feet with 159 linear feet on Belmont Avenue. 3173 Elston Avenue...Best location on 3 major corners (Belmont, California and Elston Avenues) with numerous car count passing each street every day on all 3 of these major streets. Tenants are long time tenants. Plus rental income that easily could be increased to today's rental rates. There is an opportunity for "value added" to increase apartment rents. Present rents are under market value. Incredible land square footage. Corner building is 18,812 square feet with 159 linear feet on Belmont Avenue. 3173 Elston Avenue is 4,500 square foot lot with a 4,200 square foot 1 story brick building under a triple net lease. Each apartment and each store pay their own and have individual forced air conditioning and heat units. Each apartment enjoys their own roof deck and there is a common roof deck for the tenants. There is a 19 car shared parking lot adjoining the properties. The properties are meticulously cleaned and well kept. There are 7 stores, 9 apartments plus income from a rooftop sign. The properties are in excellent condition but the properties will be sold "as is where is". The sale would be subject to a "1031 Exchange". Same ownership for over 55 years. Financial information available on request. Proof of funds required on all offers. The properties will not be divided. Confirmed showings only.
- Listed by Joyce Gallo • @properties Christie's International Real Estate
Property Details for 3159 North California Avenue
Area
CHI - Avondale
TownshipNorth Chicago
ZoningOTHER
LISTING UPDATED: 08/22/2024 02:02 PM
Property Details for 3159 North California Avenue
Status | Active |
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MLS # | 11963555 |
Days on Market | 431 |
Taxes | $84,550 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | - |
Lot Size | 0.43 AC / 18,812 SF |
County | Cook County |
Building Information for 3159 North California Avenue
Stories2Residences16Year Built-Lot Size0.43 AC / 18,812 SF
Property Information for 3159 North California Avenue
Property History for 3159 North California 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.
Schools near 3159 North California Avenue
This home is within Chicago Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 | |||
Public - | 11 to 12 |
Rating | School | Distance |
---|---|---|
Linne Elementary School PublicPK to 8 | ||
Schurz High School Public9 to 12 | ||
Acero Charter - Carlos Fuentes Campus CharterK to 8 | ||
Devry Advantage Academy High School Public11 to 12 |
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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