Properties

Features
: Central Air
Address Map
US
IL
Cook
Chicago
60618
California
3159
Avenue
W88° 22' 32.1''
N41° 52' 32''
Belmont or Elston Avenues to California Avenue. Building is on the corner of all 3 streets. Plus there is a 2 flat building separated by drive in to parking lot.
CHI - Avondale
N
OTHER
Additional Information
Circuit Breakers
18,812 SQ FT
16
5500000
2
@properties Christie's International Real Estate
Joyce Gallo
Financial
84550
Listing Information
39092
4594
Active
2024-08-22T19:02:01Z
MRED
2024-04-21T05:05:36Z
Property Description

Best location on 3 major corners (Belmont, California and Elston Avenues) with numerous car count passing each street every day on all 3 of these major streets. Tenants are long time tenants. Plus rental income that easily could be increased to today’s rental rates. There is an opportunity for “value added” to increase apartment rents. Present rents are under market value. Incredible land square footage. Corner building is 18,812 square feet with 159 linear feet on Belmont Avenue. 3173 Elston Avenue is 4,500 square foot lot with a 4,200 square foot 1 story brick building under a triple net lease. Each apartment and each store pay their own and have individual forced air conditioning and heat units. Each apartment enjoys their own roof deck and there is a common roof deck for the tenants. There is a 19 car shared parking lot adjoining the properties. The properties are meticulously cleaned and well kept. There are 7 stores, 9 apartments plus income from a rooftop sign. The properties are in excellent condition but the properties will be sold “as is where is”. The sale would be subject to a “1031 Exchange”. Same ownership for over 55 years. Financial information available on request. Proof of funds required on all offers. The properties will not be divided. Confirmed showings only.

Commercial Sale For Sale

, Chicago, Cook County, Illinois 60618, USA

$5,250,000
Listing ID#11963555
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 11963555
Price : $5,250,000
Listing Status : Active
Property Sub Type : Apts/Stores
Contact Agent