5252 North Western Avenue Chicago, IL 60625

$3,000,000
$3,000,000
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5252 N. Western Ave is a beautiful six (6) unit mixed use building in Chicago's Bowmanville neighborhood. The building is situated on high traffic intersection of Western and Berwyn, with immediate access to the city as well as surrounding north side neighborhoods. 5252 N. Western Ave is a unique opportunity to obtain a cash-flowing mixeduse property in one of the most high growth pockets of Chicago's North side. The building is comprised of two (2) master lease retail units, three (3) 2BD/2BA & one (1) 3BD/2BA. Recent improvements to the building include but are not limited to: gut-renovated units with modern finishes throughout, central air, individual mechanicals, in-unit washer dryer, updated electric, copper plumbing, and extensive amounts of tuckpointing and sealing the new facade. From day one, a new investor will realize a cap rate exceeding 6%. The retail units have master leases signed that extend through 2027 and generate a $15,000 / month. This stabilized mixed use asset allows a new owner to assume the current cash flow that the building provides in a highly desirable pocket of the north side.

5252 N. Western Ave is a beautiful six (6) unit mixed use building in Chicago's Bowmanville neighborhood. The building is situated on high traffic intersection of Western and Berwyn, with immediate access to the city as well as surrounding north side neighborhoods. 5252 N. Western Ave is a unique opportunity to obtain a cash-flowing mixeduse property in one of the most high growth pockets of Chicago's North side. The building is comprised of two (2) master lease retail units, three (3) 2BD/2BA & one (1) 3BD/2BA. Recent improvements to the building include but are not limited to: gut-renovated units with modern finishes throughout, central air, individual mechanicals, in-unit washer dryer, updated electric, copper plumbing, and extensive amounts of tuckpointing and sealing the new facade. From day one, a new investor will realize a cap rate exceeding 6%. The retail units have master leases signed that extend through 2027 and generate a $15,000 / month. This stabilized mixed use asset allows a new owner to assume the current cash flow that the building provides in a highly desirable pocket of the north side.

  • Neighborhood
  • Type
  • County
    Cook
  • Area
    CHI - Lincoln Square
  • Tax Amount
    $19,006
  • Status
    Active
  • Listing #
    12035677
  • Built
    1970
  • Listed on site
    138 days

Listed by:
Kiser Group Realty Inc

mls source logo © 2020 Midwest Real Estate Data LLC. All rights reserved. Listing courtesy of Kiser Group Realty Inc.
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Property details

Community Features

  • No HOA

Exterior features

  • No Pool

Property History

DateDays AgoEventNew Price
May 23, 20244 mos agoPrice decreased500,000 (14%)$3,000,000
Apr 22, 20245 mos agoNew on market$3,500,000
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