LEGAL 5-UNIT WEST WICKER PARK

1534 N Western Ave Chicago, IL 60622

1534 N Western Ave, Chicago, IL, 60622
1534 N Western Ave, Chicago, IL, 60622 1534 N Western Ave, Chicago, IL, 60622 1534 N Western Ave, Chicago, IL, 60622 1534 N Western Ave, Chicago, IL, 60622 1534 N Western Ave, Chicago, IL, 60622 1534 N Western Ave, Chicago, IL, 60622 1534 N Western Ave, Chicago, IL, 60622 1534 N Western Ave, Chicago, IL, 60622 1534 N Western Ave, Chicago, IL, 60622 1534 N Western Ave, Chicago, IL, 60622 1534 N Western Ave, Chicago, IL, 60622 1534 N Western Ave, Chicago, IL, 60622 1534 N Western Ave, Chicago, IL, 60622 1534 N Western Ave, Chicago, IL, 60622 1534 N Western Ave, Chicago, IL, 60622
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
Please Call Broker for Price

Last Verified:
Apr 01, 2025

Daily Email Blast
0 times


Highlights

  • Hot West Wicker Park
  • Legal 5 residential units in commercial (C1-2) zoning
  • Solid brick construction
  • Full basement with duplex/value add potential
  • Zero vacancies in 10+ years

Description

ATTENTION INVESTORS / OWNER OCCUPIERS! LOCATED IN HOT WEST WICKER PARK. LEGAL 5-UNIT OPPORTUNITY WITHIN TWO SOLID BRICK BUILDINGS -- 3 UNITS IN FRONT (TWO 2BD/1BTH + ONE 1BD/1BTH), AND 2 UNITS IN COACH HOUSE (3BD/1BTH + 1BD/1BTH). FULL BASEMENT IN FRONT WITH POTENTIAL TO DUPLEX DOWN FIRST FLOOR UNIT. VALUE ADD POTENTIAL IN ALL 5 UNITS WITH ZERO VACANCIES IN 10+ YEARS. ALL LEASES INCLUDE EARLY TERMINATION CLAUSE, AND ALL TENANATS HAVE WAIVED FIRST RIGHT OF REFUSAL TO PURCHASE PROPERTY IN ACCORDANCE WITH THE TENANT OPPORTUNITY TO PURCHASE BLOCK (606) DISTRICT PILOT PROGRAM.

West Wicker Park


Year Built: 1894
Building Size: 4500sq ft
Lot Size: 2729.0 acres


Documents

Sale Marketing Package

Map of 1534 N Western Ave, Chicago, IL, 60622

Presented by:
Jameson Commercial

Request additional information
Jason Hiller


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

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.