1113 West Armitage Avenue Chicago, IL 60614

$2,999,999
$2,999,999
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Welcome to the heart of Lincoln Park and a very unique opportunity! This all brick building is located on a 48 x 100 foot lot just a block for the Armitage/Sheffield El line. Zoned C1-2 which is 2 commercial units and 4 work/live spaces on the 2nd floor. The building is 9600 square feet. On the first floor there is a 3900 sq ft wine club and a 1000 sq ft storefront. On the 2nd level there are 4 units that are all about 1200 sq ft and can easily be combined at any time for larger space. You can also build up one more level and there is currently roof access. Tenants pay all of their own utilities and there is CAM income of 11,500 annually. Long term tenants which makes this a perfect opportunity for all investors and currently there is a 5.5% CAP RATE. Building is self managed and easy to upkeep. New roof in 2014 with a warranty. Please look under additional information for building income, expenses and improvements under "building information" tab. See listing details at this link 1113WArmitage.info

Welcome to the heart of Lincoln Park and a very unique opportunity! This all brick building is located on a 48 x 100 foot lot just a block for the Armitage/Sheffield El line. Zoned C1-2 which is 2 commercial units and 4 work/live spaces on the 2nd floor. The building is 9600 square feet. On the first floor there is a 3900 sq ft wine club and a 1000 sq ft storefront. On the 2nd level there are 4 units that are all about 1200 sq ft and can easily be combined at any time for larger space. You can also build up one more level and there is currently roof access. Tenants pay all of their own utilities and there is CAM income of 11,500 annually. Long term tenants which makes this a perfect opportunity for all investors and currently there is a 5.5% CAP RATE. Building is self managed and easy to upkeep. New roof in 2014 with a warranty. Please look under additional information for building income, expenses and improvements under "building information" tab. See listing details at this link 1113WArmitage.info

  • Neighborhood
  • Type
  • County
    Cook
  • Area
    CHI - Lincoln Park
  • Tax Amount
    $40,447
  • Status
    Active
  • Listing #
    11301507
  • Built
    1935
  • Listed on site
    129 days

Listed by:
@properties | Christie's International Real Estate

mls source logo © 2020 Midwest Real Estate Data LLC. All rights reserved. Listing courtesy of @properties | Christie's International Real Estate.
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Property details

Community Features

  • No HOA

Exterior features

  • No Pool

Interior Features

  • Fire Place
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