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$ 1,150,000
Est. payment /mo
Active
5239 N Damen Avenue Chicago, IL 60625
6,148 SqFt
UPDATED:
11/26/2024 04:09 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,148 sqft
Price per Sqft $187
MLS Listing ID 12203146
Year Built 1930
Annual Tax Amount $13,903
Tax Year 2023
Lot Dimensions 58X62
Property Description
Located on a corner lot in the up and coming neighborhood of Bowmanville, this mixed-use building is perfect for an investor or user looking for a home for their business. The property features (2) 2br/1ba apartments + (1) non-conforming studio unit - all located on the second floor. The ground floor features (3) commercial spaces. One is occupied through 10/1/2025 and the other two are vacant. Previously there had been a bar with both spaces combined, but now it's set up for an office/retail set up. Endless possibilities on this one. All units have individual HVAC & the roof is a tear off in 2024. Commercial spaces feature newer commercial windows as well. Current gross rents are $68,400 annually. That can be pushed to $135,000 JUST BY FILLING VACANCIES AND BRINGING RENTS TO MARKET! Apartment rents are well below market (long term tenants and relative in the other) & studio unit was recently renovated and rented out. Reach out to learn more about this asset.
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Central Air, Window Unit(s)
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by John Preston • Horvath & Tremblay IL, LLC