Address
2459 W Armitage Avenue Chicago, IL
Price
$ 989,000
Property Attributes
  • MLS#09824000
  • TypeCommercial
  • CountyCOOK
  • CityChicago
  • AreaCHI - Logan Square
  • NeighborhoodLogan Square
  • Zip60647
  • StyleCommercial,Retail
  • Year Built1920
  • Taxes$ 11639
  • Price$ 989,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5781
Listing Provided Courtesy Of:
CHICAGOLAND BROKERAGE, LLC
Data Source:
Midwest Real Estate Data (MRED) - 103 - IL
Property Description

Brick building w/ 125' of curb exposure has two retail spaces on the ground floor and two large apartments above (3BD/4BD). Corner exposure also presents signage opportunity for additional income. Residential units are leased and recently renovated with SS appliances, granite counters, HW flooring, and refinished bathrooms. Both commercial tenants come with 3-5% annual increases. Separately metered where tenants pay their own utilities, and no landscaping expense for the building. Building has many improvements such as brand new windows throughout, as well as glassblock windows, and improvements to electrical, plumbing & central HVAC. Great location in Bucktown right on Armitage Ave and next to Milwaukee Ave; immediate access to CTA Western Blue Line and I-90/94 highway. Surrounded by lots of retail & commercial activity that attract plenty of foot traffic, and neighborhood is continuously improving.

Price History
1/2/2018 Listed $1,375,000
7/16/2018 2% - $1,359,000
10/10/2018 1% - $1,349,000
2/11/2019 2% - $1,329,000
3/13/2019 1% - $1,319,000
4/24/2019 4% - $1,275,000
8/12/2019 2% - $1,250,000
9/19/2019 5% - $1,195,000
10/31/2019 2% - $1,175,000
2/5/2020 7% - $1,095,000
5/21/2020 10% - $995,000
10/28/2020 1% - $989,000

General Features

Additional Parcels Y/N No
City Chicago
Construction Materials Brick, Wood Frame
Cooling Central Air
County Cook
Current Use Commercial
Days on Market 1342
Directions Western to Armitage, one block West
Electric Circuit Breakers
Flooring Wood
Grossincome 107102
MLS Area CHI - Logan Square
Net Operating Income 78662
Operatingexpense 25229
Possession Closing
Possible Use Commercial, Retail
Property SubType Apts/Stores
Property Type Commercial Sale
Property Type Mixed Use
Standard Status Active
Status Active
Stories 2
Street Name Armitage
Tax Annual Amount 11639
Tax Year 2019
Tenant Pays Air Conditioning, Electricity, Heat
Total Units 4
Township North Chicago
Utilities Electric to Site, Gas to Site, Water to Site
Year Built 1920
Zoning COMMR

Interior Features

Street Suffix Avenue

Exterior Features

Building Area Total 5781
Exterior Aluminum Siding
Foundation Details Concrete Perimeter
Frontage Type City Street
Lot Dimensions 25X125
Lot Size Square Feet 3125

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 60647

Price
AVG $580K
$990K
Taxes
AVG $16,180
$11,639
Visits
AVG 83
444
Year Built
AVG 1940
1920
Walkscore
AVG 94
98
Data Provided by Walkscore ® not using MLS data