603-07 North Wells Street

Chicago, IL 60654

$3,650,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Unbelievable location! River North-near to Gold Coast. Building for sale -2 lots of record - 2 buildings connected- one Greystone facade building with 4 apartments up and on the main level, is a restaurant space that attaches to an indoor atrium room with a beautiful back patio atrium. Bar Cargo is tenant but is closing. FF and E and license may be available for purchase! Lot size is 56x110. 1st floor is beautifully (was a garage)built out with many new improvements. The apartments upstairs are rented...Unbelievable location! River North-near to Gold Coast. Building for sale -2 lots of record - 2 buildings connected- one Greystone facade building with 4 apartments up and on the main level, is a restaurant space that attaches to an indoor atrium room with a beautiful back patio atrium. Bar Cargo is tenant but is closing. FF and E and license may be available for purchase! Lot size is 56x110. 1st floor is beautifully (was a garage)built out with many new improvements. The apartments upstairs are rented with the restaurant as storage and office space. Fully leased Do not disturb tenants. current lease pays apx $27,000 plus all utilities and partial tax. Non disclosure required for more financial info.
  1. Listed by Nikki Dumas-Acerra • Dumas & Associates, Inc.

Property Details for 603-07 North Wells Street

Area
CHI - Near North Side
Zoning
COMMR
LISTING UPDATED: 11/05/2024 12:40 PM

Property Details for 603-07 North Wells Street

StatusActive
MLS #12076118
Days on Market92
Taxes$47,200 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1885
Lot Size0.14 AC / 6,160 SF
CountyCook County

Building Information for 603-07 North Wells Street

Stories3Residences5Year Built1885Lot Size0.14 AC / 6,160 SF

Property Information for 603-07 North Wells Street

General Information
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Chicago North
  • Information: 24-Hr Notice Required,List Broker Must Accompany,Non-Disclosure Agreement
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: Central Air, Partial
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air,Gas
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 4
Property/Lot Information
  • Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Operating Stops, Repairs, Roof, Scavenger, Structure, Tax Stops, Sewer
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 56X110
  • Lot Size Square Feet: 6160.0
  • Stories: 3
  • Fire Protection: Ansul System
  • # Of Offices: 0
  • # Of Stores: 1
  • Property Sub Type: Apts/Stores
Property and Assessments
  • Documents Available: Appraisal
  • Public Document Count: 0
  • Photos Count: 6
Miscellaneous
  • Location: Central Business District
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $27,000.00
  • Gross Scheduled Income: $324,000.00
  • Insurance Expense: $.00
  • Total Monthly Income: 27000
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 603-07 North Wells Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 603-07 North Wells Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Public - 9 to 12
Rating
School
Distance
Ogden Elementary School
PublicPK to 8

Wells Community Academy High School
Public9 to 12

Salazar Elementary Bilingual Center
PublicPK to 8

Payton College Preparatory High School
Public9 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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603-07 North Wells Street is a mixed use property for sale in Chicago, IL 60654. This property was listed for sale on August 14, 2024 by Dumas & Associates, Inc., it's currently listed at $3,650,000. This listing's school district is Chicago Public Schools. Nearby schools include Ogden Elementary School, Wells Community Academy High School and Salazar Elementary Bilingual Center. 603-07 North Wells Street is a 0-bed, 0-bath, mixed use property built in 1885.

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 Dumas & Associates, Inc.

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 11/05/2024 12:40 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.