IL > Chicago
Chicago, IL 60647,1616 N WESTERN AVE
Chicago, IL 60647,1616 N WESTERN AVE
Chicago, IL 60647,1616 N WESTERN AVE
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$4,350,000
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1616 N WESTERN AVE Chicago, IL 60647

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Ariel Manlapaz

Ariel Manlapaz

+1(847) 924-7177

UPDATED:

08/17/2024 08:32 AM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12087705

Year Built 2003

Annual Tax Amount $48,684

Tax Year 2022

Lot Dimensions 75X110

Property Description

Introducing a prime investment opportunity in Bucktown, this newer 10-unit building is a testament to modern luxury and urban convenience. Each extra-wide condo-quality apartment boasts high ceilings, balconies, hardwood floors, granite countertops, and 42-inch cabinets with stainless steel appliances, creating a sophisticated living experience. Oversized windows flood each unit with natural light, enhancing the spacious rooms and elegant interiors. The building includes eight storage units and nine attached garage spots, ensuring ample convenience for residents. Currently, the property is fully occupied with long-term, high-quality tenants, offering stability and immediate rental income. There is significant potential to increase rental rates, supported by the upscale design and desirable location. Featuring eight upscale residential units and two commercial spaces, each with separate tax IDs, this property offers versatility and investment security. Situated near the Blue Line and Western Avenue CTA stop, residents enjoy easy transit access, while the vibrant neighborhood boasts trendy restaurants, fashionable boutiques, art galleries, and music venues, enriching the local lifestyle and attracting a dynamic tenant base.

Location

State IL

County Cook

Area Chi - West Town

Zoning MULTI

Interior

Cooling Central Air

Fireplaces Number 8

Fireplace Y

Building

Dwelling Type Mixed Use

Level or Stories 4

Structure Type Brick

Midwest Real Estate Data (MRED) IDX
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Yvonne Stachyra • Wesley Realty Group

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Ariel Manlapaz

Real Estate Consultant | License ID: 475173895

+1(847) 924-7177

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