5239 North Damen Avenue

Chicago, IL 60625

$1,150,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Located on a corner lot in the up and coming neighborhood of Bowmanville, this mixed-use building is perfect for an investor or user looking for a home for their business. The property features (2) 2br/1ba apartments + (1) non-conforming studio unit - all located on the second floor. The ground floor features (3) commercial spaces. One is occupied through 10/1/2025 and the other two are vacant. Previously there had been a bar with both spaces combined, but now it's set up for an office/retail set...Located on a corner lot in the up and coming neighborhood of Bowmanville, this mixed-use building is perfect for an investor or user looking for a home for their business. The property features (2) 2br/1ba apartments + (1) non-conforming studio unit - all located on the second floor. The ground floor features (3) commercial spaces. One is occupied through 10/1/2025 and the other two are vacant. Previously there had been a bar with both spaces combined, but now it's set up for an office/retail set up. Endless possibilities on this one. All units have individual HVAC & the roof is a tear off in 2024. Commercial spaces feature newer commercial windows as well. Current gross rents are $54,000 annually. That can be pushed to $119,400 JUST BY FILLING VACANCIES! Apartment rents are well below market (long term tenants and relative in the other) & studio unit is vacant as it was recently renovated. Reach out to learn more about this asset.
  1. Listed by John Preston • Horvath & Tremblay IL, LLC

Property Details for 5239 North Damen Avenue

Area
CHI - Lincoln Square
Zoning
COMMR
LISTING UPDATED: 11/10/2024 12:07 AM

Property Details for 5239 North Damen Avenue

StatusActive
MLS #12203146
Days on Market34
Taxes$13,903 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1930
Lot Size0.08 AC / 3,596 SF
CountyCook County

Building Information for 5239 North Damen Avenue

Stories2Residences6Year Built1930Lot Size0.08 AC / 3,596 SF

Property Information for 5239 North Damen Avenue

General Information
Location and General Information
  • Geographic Locale: Chicago North
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 3
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 58X62
  • Lot Size Square Feet: 3596.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Fire Protection: Alarm Monitored
  • Roof Structure: Flat
  • Building Area Total: 6148
  • # Of Offices: 0
  • # Of Stores: 3
  • Property Sub Type: Apts/Ofc/Store, Apts/Stores
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 33
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $360.00
  • Fuel Expense: $.00
  • Gross Income: $54,000.00
  • Gross Scheduled Income: $54,000.00
  • Insurance Expense: $4,200.00
  • Total Annual Expense Source: Combination
  • Total Monthly Income: 4500
  • Net Operating Income: $20,937.00
  • Operating Expense: $27,663.00
  • Other Expense: $4,500.00
  • Trash Expense: $1,200.00
  • Water Sewer Expense: $3,500.00

Property History for 5239 North Damen 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 5239 North Damen Avenue

Taxable ValueLand$28,768Additions$55,232Total$84,000
Tax Record2022$13,983 ($1,165 / month)
Home Facts
Baths5Total Finished SqFt6,148 SqFtAbove Grade Finished SqFt6,148 SqFtStories2Lot Size3,596 SqFtStyleMulti-Family Res (5+ Units)Year Built1932CountyCOOKAPN14-07-220-016

Schools near 5239 North Damen 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 - K to 8
Rating
School
Distance
Chappell Elementary School
PublicPK to 8

Amundsen High School
Public9 to 12

Passages Elementary Charter School
CharterK to 8

Stone Elementary Scholastic Academy
PublicK 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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5239 North Damen Avenue is a mixed use property for sale in Chicago, IL 60625. This property was listed for sale on October 18, 2024 by Horvath & Tremblay IL, LLC, it's currently listed at $1,150,000. This listing's school district is Chicago Public Schools. Nearby schools include Chappell Elementary School, Amundsen High School and Passages Elementary Charter School. 5239 North Damen Avenue is a 0-bed, 0-bath, mixed use property built in 1930.

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 Horvath & Tremblay IL, LLC

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 11/10/2024 12:07 AM. 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.