
Property Attributes
- MLS#11424142
- TypeIndustrial
- CountyCOOK
- CityChicago
- AreaCHI - Irving Park
- NeighborhoodIrving Park
- Zip60618
- Style
- Year Built1919
- Taxes$ 38512
- Price$ 3,075,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage19750
- Lot Size0.358701 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Available for purchase for the first time in over 37 Years this well taken care of Warehouse/Flex building in the Irving Park neighborhood of Chicago has been occupied by a long-term tenant with prospective new ownership having the ability to continue with leasing the property or become an owner/user when lease expires in May, 2024. Consisting of almost 20,000 sq ft of Office and Warehouse space under roof, the property also is paired with a nearby gated side lot (approx. 3,000 sq ft) for employee parking. Two large (13') Overhead doors allow access from Elston with drive-thru capability to exit straight south to Berteau Ave or vice-versa. Currently used as a secured truck garage & storage there is approx. 15,625 sq ft of space on the first floor with 12,500 sq ft of warehouse and the remaining 3,125 sq ft consisting of office space. Additionally, there is another 4000 sq' of executive office space with it's own entrance and exit and not part of the lower level of parking and other offices so could potentially be used for other purposes.
Price History | |
---|---|
6/3/2022 | Listed $3,499,000 |
7/7/2022 | 13% - $3,075,000 |
General Features
Additional Parcels Y/N | Yes |
---|---|
City | Chicago |
Cooling | Office Only |
County | Cook |
Days on Market | 41 |
Directions | On Elston Ave just North of Irving Park Road |
Electric | Other |
Grossincome | 222997 |
Leasable Area | 19750 |
Lease Type | Modified Gross |
Lot Size Square Feet | 15625 |
MLS Area | CHI - Irving Park |
Net Operating Income | 182440 |
Operatingexpense | 40557 |
Property Type | Commercial Sale |
Property Type | Industrial |
Standard Status | Active |
Status | Active |
Stories | 2 |
Street Name | Elston |
Tax Annual Amount | 38512 |
Tax Year | 2020 |
Tenant Pays | Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Scavenger, Sewer |
Year Built | 1919 |
Zoning | COMMR |
Interior Features
Street Suffix | Avenue |
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Exterior Features
Building Area Total | 19750 |
---|---|
Lot Dimensions | 125 X 125 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool