1620 W Chicago Ave, Chicago, IL, 60622

1620 W Chicago Ave Chicago, IL 60622

1620 W Chicago Ave, Chicago, IL, 60622
1620 W Chicago Ave, Chicago, IL, 60622 1620 W Chicago Ave, Chicago, IL, 60622 1620 W Chicago Ave, Chicago, IL, 60622 1620 W Chicago Ave, Chicago, IL, 60622 1620 W Chicago Ave, Chicago, IL, 60622 1620 W Chicago Ave, Chicago, IL, 60622 1620 W Chicago Ave, Chicago, IL, 60622 1620 W Chicago Ave, Chicago, IL, 60622 1620 W Chicago Ave, Chicago, IL, 60622 1620 W Chicago Ave, Chicago, IL, 60622 1620 W Chicago Ave, Chicago, IL, 60622 1620 W Chicago Ave, Chicago, IL, 60622 1620 W Chicago Ave, Chicago, IL, 60622 1620 W Chicago Ave, Chicago, IL, 60622 1620 W Chicago Ave, Chicago, IL, 60622 1620 W Chicago Ave, Chicago, IL, 60622 1620 W Chicago Ave, Chicago, IL, 60622 1620 W Chicago Ave, Chicago, IL, 60622 1620 W Chicago Ave, Chicago, IL, 60622
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$4,700,000
Last Verified:
Aug 19, 2024

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Highlights

  • Beautiful Vintage Facade
  • Contemporary Interior Finishes
  • Roof Top Deck with Spectacular Views
  • Recently Renovated
  • Full Unfinished Basement Level
  • New Passenger Elevator
  • Great Natural Light

Description

Introducing 1620 W Chicago Ave, a prime investment opportunity in the heart of Chicago. This distinguished 21,456 SF building, constructed in 1921, offers 8 units ideal for office or office building use. Spectacular vintage facade with high-end contemporary interior finishes. Recent full-building renovations. Rooftop deck with incredible views of downtown Chicago. This property is an exceptional prospect for astute investors seeking a well-positioned asset in a thriving commercial district.

Bustling West Town/Ukranian Village location on Chicago Avenue just West of Ashland Avenue. Close proximity to North Michigan Avenue, Chicago's Loop and Fulton Market areas. Close to I-90/94 Expressways.


Year Built: 1921
Building Size: 23646sq ft
Building Class: A
Lot Size: 0.18 acres


Documents

Brochure (L)

Map of 1620 W Chicago Ave, Chicago, IL, 60622

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.