105 W Chicago Avenue
Chicago, IL, 60654 $ 3,950,000
Baths0.0 Monthly Estimate*
$ 26,253
Studio
for $3,950,000. This building was built in 2010 on a lot size of 0.172176.
7,500 square foot, three-story plus a full basement, mixed-use property at the southwest corner of Clark Street and Chicago Avenue in the desirable River North neighborhood. Situated on a 2,614 square foot site, the subject was constructed for the current owners and is comprised of a 1,000 square foot retail space on the ground floor that is currently a restaurant, a well appointed 1,600 square foot office suite on the second floor and a two-bedroom, two-bath apartment with lofted space on the third floor, plus a spectacular roof deck. All of the mechanicals and roof are newer and meticulously maintained. The property benefits from its excellent visibility, as it is located on one of the main east/west and north/south arteries in the city. The visibility and in-place income coupled with the easy access to Lake Shore Drive, the I-90/I-94 Expressway and public transportation makes this offering the perfect opportunity for an investor or user to acquire a boutique multi-unit building in the heart of the vibrant River North neighborhood. The River North neighborhood of Chicago is a sought-after location for both business and residential because of its central location, connecting Fulton Market, River West, the Loop, Gold Coast, Streeterville, and the Magnificent Mile. This vibrant neighborhood hosts a multitude of retail shopping options, art galleries, hotels and high-end residential. The neighborhood is also Chicago's go-to hub of nightlife and entertainment, featuring many of the city's acclaimed bars and clubs. This area has a high population density with more than 14,300 existing multi-family units, 2,760 more under construction, and over 1,380 proposed. The area continues to see a significant increase in residential developments and developer / investor activity over the past several years. Price upon request
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FeaturesGeneralCooling Central Air
Zoning OTHER
Year Built 2010
Electric Other
Stories 3
Township Stickney
Property SubType Mixed Use
Tax Year 2022
Gross Income 0
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status Price Change
Directions Located at the southwest corner of Clark Street and Chicago Avenue
City Chicago
NumberOfUnitsTotal 1
MLS Area Confidential Commercial Listings
Lot Size Square Feet 7500
Street Name Chicago
Tax Annual Amount 38225
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Days on Market 293
Standard Status Active
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* Excluded FeaturesList ByMillennium Properties Re, Inc.Broker
ssilver@mpirealestate.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $26,253
- Monthly Property Taxes
- $3,185
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Chicago, IL
Average List Price $844,965
Percent of Sale Price 79%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
6/3/2024 | $3,950,000 | -12.22% | Price Down |
12/26/2023 | $4,500,000 | | Listed Price |