5239 North Damen Avenue, Chicago, IL

$1,095,000

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About 5239 North Damen Avenue

Located on a corner lot in the up and coming neighborhood of Bowmanville, this mixed-use building is perfect for an investor or user looking for a home for their business. The property features (2) 2br/1ba apartments + (1) non-conforming studio unit - all located on the second floor. The ground floor features (3) commercial spaces. One is occupied through 10/1/2025 and the other two are vacant. Previously there had been a bar with both spaces combined, but now it's set up for an office/retail set up. Endless possibilities on this one. All units have individual HVAC & the roof is a tear off in 2024. Commercial spaces feature newer commercial windows as well. Current gross rents are $68,400 annually. That can be pushed to $135,000 JUST BY FILLING VACANCIES AND BRINGING RENTS TO MARKET! Apartment rents are well below market (long term tenants and relative in the other) & studio unit was recently renovated and rented out. Reach out to learn more about this asset.

Features of 5239 North Damen Avenue

MLS® # 12203146
Price $1,095,000
Bathrooms 0.00
Acres 0.00
Year Built 1930
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 5239 North Damen Avenue
Area CHI - Lincoln Square
City Chicago
County Cook
State IL
Zip Code 60625

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air, Window Unit(s)
Fireplace No
Has Basement No

Exterior

Exterior Brick

Additional Information

Days on Market 362
Zoning COMMR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeHorvath & Tremblay IL, LLC
Contact Info312-361-1643

Listing Map

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