2615 W North AVE Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60647
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $180
MLS Listing ID 12438797
Year Built 1906
Annual Tax Amount $12,140
Tax Year 2023
Lot Dimensions 25X98
Property Sub-Type Mixed Use
Property Description
Fully leased West Town/Humboldt Park mixed-use building with 2025 Gross Income of $91,968 projected 2026 GPI of $97,537 and built-in rent growth. Two updated apartments, 3 bed/1 bath and 4 bed/1 bath, plus a long-term restaurant tenant through 2028. Apartments feature modern kitchens, baths, in-unit laundry, hardwood floors, and outdoor space. Restaurant lease includes annual rent bumps starting in 2026, plus reimbursement of 30% of property taxes and 70% of water/sewer/trash. Low landlord expenses, stable tenancy, and recent upgrades - including roof (2020), parking pad, deck, foundation work, and sump pump - make this a turnkey, high-performing asset steps from the 606, parks, dining, and Blue Line.
Location
State IL
County Cook
Area Chi - West Town
Zoning OTHER
Interior
Cooling None
Flooring Wood
Fireplace N
Building
Dwelling Type Mixed Use
Structure Type Brick,Stone