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3751-3759 N Western Ave Immeuble d’appartements À vendre Chicago, IL 60618
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Rare infill site offering immediate income and long-term growth
- Existing mixed-use building was fully gut rehabbed in 2018 with minimal deferred maintenance or capex required
- Core location in strong rental submarket, located one block from Bell Elementary, a desirable and highly rated K-8 CPS school
- In-place rents offset carry costs during construction; Room to increase rents on a handful of existing units
- B3-3 zoning allows for up to 22 additional dwelling units as-of-right with no parking
- Conveniently accessible with CTA bus stop located in front of the building and I-90/94 located 1.5 miles away
RÉSUMÉ DE L'ANNONCE
Baum Realty Group, LLC has been exclusively retained to offer for sale 3751-3759 N. Western
Avenue, a part three-story, part one-story mixed-use building at the southeast corner of Western &
Grace in Chicago’s North Center neighborhood. Sitting on 9,633 SF of land, the building contains a
total of fourteen (14) units, with ten (10) fully leased, modern residential units and four (4) commercial
units. The residential unit mix consists of two (2) 1 bed/1 bath apartments, six (6) 2 bed / 2 bath
apartments, and (2) 3 bed / 3 bath apartments. The existing building was fully gut rehabbed in
2018 with a new roof, electrical service, plumbing, windows, masonry / tuckpointing and more.
In addition to the stabilized income from the existing three-story building, the Property offers a
rare and attractive opportunity to construct up to an additional 22 dwelling units AS-OF-RIGHT
where the single-story portion of the building sits. Such a development is permissible without any
parking requirement (100% reduction), ensuring a smooth and easy zoning path to getting a shovel
in the ground.
Subject to Offer
Avenue, a part three-story, part one-story mixed-use building at the southeast corner of Western &
Grace in Chicago’s North Center neighborhood. Sitting on 9,633 SF of land, the building contains a
total of fourteen (14) units, with ten (10) fully leased, modern residential units and four (4) commercial
units. The residential unit mix consists of two (2) 1 bed/1 bath apartments, six (6) 2 bed / 2 bath
apartments, and (2) 3 bed / 3 bath apartments. The existing building was fully gut rehabbed in
2018 with a new roof, electrical service, plumbing, windows, masonry / tuckpointing and more.
In addition to the stabilized income from the existing three-story building, the Property offers a
rare and attractive opportunity to construct up to an additional 22 dwelling units AS-OF-RIGHT
where the single-story portion of the building sits. Such a development is permissible without any
parking requirement (100% reduction), ensuring a smooth and easy zoning path to getting a shovel
in the ground.
Subject to Offer
FAITS SUR LA PROPRIÉTÉ
| Type de vente | Investissement ou propriétaire utilisateur | Taille du lot | 0,23 AC |
| Type de propriété | Immeuble residentiel | Taille du bâtiment | 24 657 pi² |
| Sous-type de propriété | Appartement | Nombre d’étages | 3 |
| Style d’appartement | De faible hauteur | Année de construction/rénovation | 1931/2016 |
| Classe d’immeuble | B | ||
| Zonage | B3-2 | ||
| Type de vente | Investissement ou propriétaire utilisateur |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | B |
| Taille du lot | 0,23 AC |
| Taille du bâtiment | 24 657 pi² |
| Nombre d’étages | 3 |
| Année de construction/rénovation | 1931/2016 |
| Zonage | B3-2 |
Walk Score®
Très pratique à pied (82)
Bike Score®
Très cyclable (78)
Impôts fonciers
| Numéro de lot | 14-19-116-001-0000 | Évaluation des bâtiments | 290 619 $ CAD |
| Évaluation du terrain | 81 440 $ CAD | Évaluation totale | 372 059 $ CAD |
Impôts fonciers
Numéro de lot
14-19-116-001-0000
Évaluation du terrain
81 440 $ CAD
Évaluation des bâtiments
290 619 $ CAD
Évaluation totale
372 059 $ CAD
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3751-3759 N Western Ave
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