Address
1917 N DAMEN Avenue Chicago, IL
Price
$ 999,990
Property Attributes
  • MLS#11011303
  • TypeCommercial
  • CountyCOOK
  • CityChicago
  • AreaCHI - Logan Square
  • NeighborhoodBucktown
  • Zip60647
  • StyleCommercial
  • Year Built2006
  • Taxes$ 24940
  • Price$ 999,990
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3160
Listing Provided Courtesy Of:
Dobreva Commercial Inc
Data Source:
Midwest Real Estate Data (MRED) - 103 - IL
Property Description

HUGE PRICE REDUCTION!!! ***CONFIDENTIAL SALE, PLEASE DON'T DISTURB TENANTS, call Listing Agent with questions***. Fully leased, NNN, 3,160 square foot retail storefront built in 2006. The property comprises of two ground level units located on a highly trafficked Damen Ave (22,100 VPD) just South of Armitage Ave (21,000 VPD) in the heart of the Bucktown's popular destination shopping strip. The property is 100% leased to two local and very successful businesses that have multiple locations in the city. The property offers strong cash flow (Gross Income: $120,264, Net Income: $81,507) and a high rate of return (8.15%) with annual rent increases. The property has been recently renovated with high-end finishes and has no deferred maintenance. Each unit is separately metered for gas, electric, and water and has its own HVAC system. The corner location offers excellent exposure, high visibility, vehicle, and foot traffic. The property is located in the trendy section of Damen surrounded by boutiques, retail shops, restaurants, shopping, major retailers, and public transportation. This offering represents a unique opportunity for an investor to acquire a stabilized newer construction retail property with strong cash flow, a high-quality tenant mix, and a good rate of return. A new owner can also take advantage of the current low-interest rates, excellent location for future appreciation, and annual rent increases.

Price History
3/5/2021 Listed $1,224,900
5/19/2021 3% - $1,199,000
7/3/2021 17% - $999,990

General Features

Construction Materials Brick
Cooling Central Air, Central Individual
Current Use Commercial
Electric 101-200 Amps
Property Type Commercial Sale
Property Type Retail/Stores
Standard Status Active
Stories 1
Tax Annual Amount 24940
Total Units 2
Township West Chicago
Zoning COMMR

Exterior Features

Building Area Total 3160
Exterior Brick
Foundation Details Concrete Perimeter
Frontage Type City Street
Lot Dimensions COMMON

Room Details

Room Dimensions Level Flooring Details
Dining Room
Family Room
Living Room
Master Bedroom

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
$1,000K
Taxes
AVG $14,290
$24,940
Visits
AVG 98
42
Year Built
AVG 1940
2006
Walkscore
AVG 94
96
Data Provided by Walkscore ® not using MLS data