$3,000,000 $16,105 est/mo Sourced by Back At You

5252 N Western Avenue,Chicago, IL 60625

Chicago IL, 60625

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Description

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.

Details

MLS#12035677
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1970
Days On Site35
Listing Provided ByKiser Group Realty Inc | John Petrando

Features

Story(s)2
Units6

Market Activity 60625

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Learn More About This Property

StateIL
CountyCook
CityChicago
Zip Code60625
AreaCHI Lincoln Square
Listing VS Median (in 60625)
Price:
$3,000,000
low | high
Med:
$424,450
100% of Average
On Site:
35
low | high
Med:
23.000000
100% of Average
Sourced by Back At You
Listing Updated: May 23, 2024 at 10:50:30 AM PDT