2321 North Avenue, West Town, Chicago, Illinois 60647
$1,370,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 6 |
| Baths: | 0 |
| Year Built: | 1910 |
| Property Taxes: | $15,428 |
| Days On Market: | 1331 |
| Lot Size: | 0,07 |
Description
Fully-leased 3-unit building located in Wicker Park / Bucktown offered at a 6.4% Cap Rate. The building was gut rehabbed in 2014 with new mechanicals, electrical (400A), plumbing (all copper supply with new 2" service, new cast iron drains), windows, updated masonry, steel decks, roof newly coated, etc. The retail space is leased to Chicago Plants, an Amazon-resistant business that has boomed during COVID. The retail space has an open layout, high ceilings (12'), wood floors, exposed brick, ADA entry and ADA bathroom, and a partially-finished basement. Retail tenant is in a 5-year NNN lease (exp 11/2025) with 2.5% annual bumps and responsibility for 50% (Tenant's proportionate share) of all taxes, insurance and building expenses. The lease includes one renewal option with a 4% rent bump then 2.5% annual increases. The 2nd and 3rd floors are modern 3BR/2BA apartments with luxury finishes. The property features a landscaped patio, masonry garbage enclosure, security fence, camera system and six tandem parking spaces. Building area includes full, partially-finished, dry basement.
Property Specifics
| Multi-unit | |
| — | |
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| 1910 | |
| — | |
| — | |
| No | |
| 0.07 |
| Cook | |
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| — / — | |
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| — | |
| 11307177 | |
| 17061010030000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 18 Mar, 2022 | Sold | $1,370,000 | MRED MLS |
| 23 Jan, 2022 | Under contract | $1,399,000 | MRED MLS |
| 18 Jan, 2022 | Listed for sale | $1,399,000 | MRED MLS |
Room Specifics
Total Bedrooms: 6
Bedrooms Above Ground: 6
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 5
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: Partially Finished,Exterior Access
Other Specifics
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| 24 X 124.6 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2022 | $15,428 |
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Listing Provided By
ARNI Realty Incorporated
