7201 North Western Avenue
$2,550,000
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Description
7201 N Western, a turnkey, mixed-use building featuring ten (10) residential units and eleven (11) ground-floor commercial spaces, located in Chicago's West Ridge area. Most units have been cosmetically updated with modern kitchens and bathrooms. Each apartment is separately metered with individual tenant-paid heat. The property offers a unique opportunity to acquire a strong, stabilized cash-flowing asset with an in-place cap rate of 7% from day one.7201 N Western, a turnkey, mixed-use building featuring ten (10) residential units and eleven (11) ground-floor commercial spaces, located in Chicago's West Ridge area. Most units have been cosmetically updated with modern kitchens and bathrooms. Each apartment is separately metered with individual tenant-paid heat. The property offers a unique opportunity to acquire a strong, stabilized cash-flowing asset with an in-place cap rate of 7% from day one.
- Listed by Tim Mehmeti • 606 Realty LLC
Property Details for 7201 North Western Avenue
Area
CHI - West Ridge
ZoningMULTI
LISTING UPDATED: 12/16/2024 02:37 PM
Property Details for 7201 North Western Avenue
Status | Price Change |
---|---|
MLS # | 12210481 |
Days on Market | 36 |
Taxes | $19,440 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 1928 |
Lot Size | 0.23 AC / 10,150 SF |
County | Cook County |
Building Information for 7201 North Western Avenue
Stories2Residences21Year Built1928Lot Size0.23 AC / 10,150 SF
Property Information for 7201 North Western Avenue
Property History for 7201 North Western 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.
Public Records for 7201 North Western Avenue
Taxable ValueLand$17,001Additions$75,137Total$92,138
Tax Record2022$18,951 ($1,579 / month)
Home Facts
Total Finished SqFt10,100 SqFtAbove Grade Finished SqFt10,100 SqFtStories2Lot Size10,150 SqFtStyleStoresYear Built1928CountyCOOKAPN11-30-318-009
Schools near 7201 North Western Avenue
This home is within Chicago Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Charter - | K to 12 | |||
Public - | 9 to 12 | |||
Public - | K to 8 | |||
Charter - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Acero Chtr Sor Juana Ines de la CharterK to 12 | ||
Sullivan High School Public9 to 12 | ||
Decatur Classical Elementary School PublicK to 8 | ||
Chicago Math & Sci Elementary Charter Charter6 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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