1616 N WESTERN Avenue, Chicago, IL, 60647

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$4,350,000
185 Days On Site

1616 N WESTERN Avenue
Chicago, IL 60647

For Sale|Retail|Active
0
Beds
0
Full Baths
0
Partial Baths
18,516
SqFt
$235
/SqFt
2003
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Wesley Realty Group

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1616 N WESTERN Avenue1616 N WESTERN Avenue1616 N WESTERN Avenue1616 N WESTERN Avenue
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Introducing a prime investment opportunity in Bucktown, this newer 10-unit building is a testament to modern luxury and urban convenience. Each extra-wide condo-quality apartment boasts high ceilings, balconies, hardwood floors, granite countertops, and 42-inch cabinets with stainless steel appliances, creating a sophisticated living experience. Oversized windows flood each unit with natural light, enhancing the spacious rooms and elegant interiors. The building includes eight storage units and nine attached garage spots, ensuring ample convenience for residents. Currently, the property is fully occupied with long-term, high-quality tenants, offering stability and immediate rental income. There is significant potential to increase rental rates, supported by the upscale design and desirable location. Featuring eight upscale residential units and two commercial spaces, each with separate tax IDs, this property offers versatility and investment security. Situated near the Blue Line and Western Avenue CTA stop, residents enjoy easy transit access, while the vibrant neighborhood boasts trendy restaurants, fashionable boutiques, art galleries, and music venues, enriching the local lifestyle and attracting a dynamic tenant base.

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Listing Snapshot
Price 
$4,350,000
Days On Site 
185 Days
Bedrooms 
N/A
Inside Area (SqFt) 
18,516 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
2003
MLS® Number 
12089477
Status 
Active
Property Tax 
$48,684
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
6 months agoStatus changed to Active
6 months agoListing first seen on site
General Features
Number Of Stories 
4
Property Sub Type 
Retail
SqFt Total 
18516
Zoning 
MULTI
Interior Features
Cooling 
Central Air
Electric 
Circuit Breakers
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Exterior Features
Construction Details 
Brick
Community Features
MLS Area 
CHI - West Town
Township 
West Chicago
Listing Courtesy of MRED as distributed by MLS Grid of Wesley Realty Group



Based on information submitted to the MLS GRID as of 2024-10-30 12:00 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data last updated: 2024-10-30 12:00 AM UTC
MRED DMCA Copyright Information Copyright © 2024 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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