Homes for sale - 1616 N WESTERN AVE, Chicago, IL 60647

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$4,350,000

Est. payment - /mo

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1616 N WESTERN AVE Chicago, IL 60647

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Additional details

Mario Bilotas

mario@fourdaughtersrealestate.com +1(847) 886-4663

UPDATED:

08/17/2024 08:34 AM

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12089455

Year Built 2003

Annual Tax Amount $48,684

Tax Year 2022

Lot Dimensions 75X110

Property Description

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.

Location

State IL

County Cook

Area Chi - West Town

Zoning MULTI

Interior

Cooling Central Air

Fireplaces Number 8

Fireplace Y

Building

Dwelling Type Multi Family 5+

Level or Stories 4

Structure Type Brick

Listed by Yvonne Stachyra • Wesley Realty Group

Mario Bilotas

Managing Broker, CEO | License ID: 471016608

+1(847) 886-4663 | mario@fourdaughtersrealestate.com

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