2712 W North Avenue, Chicago, IL

$1,600,000

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About 2712 W North Avenue

Well-located mixed-use building offering significant value-add potential. The recently gut-renovated commercial space features a column-free layout that can accommodate a wide variety of potential retail, office, or service uses. Existing B3-2 zoning allows for the potential conversion of two (2) additional ground-floor dwelling units with the procurement of a special use permit (no zoning change required). Current apartment rents are below market, presenting an opportunity for future income growth. Situated along North Avenue in East Humboldt Park, the property is positioned within a rapidly evolving corridor and offers convenient access to public transportation. With an in-place NOI of $111,493, without yet achieving full occupancy, the Property offers immense value-add potential thru leasing the remaining vacancy.

Features of 2712 W North Avenue

MLS® # 12591309
Price $1,600,000
Bathrooms 0.00
Year Built 1915
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 2712 W North Avenue
Area CHI - West Town
City Chicago
County Cook
State IL
Zip Code 60647

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
Has Basement No

Additional Information

Days on Market 125
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeSobiko Brokerage Services, LLC

Listing Map

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