Property for Sale: 1616 N WESTERN, Chicago, IL 60647

$4,350,000
$4,350,000
1616 N WESTERN, Chicago, IL 60647
$4,350,000
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Price:
$4,350,000

Type Commercial
Year Built 2003

City Chicago
County Cook

MLS 12087705
Status Active
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.

Lot & Building Features

Construction Brick
Cooling Central Air
Tax Year 2022
Fireplaces 8
Lot Dimensions 75X110 ft

Price History of 1616 WESTERN, Chicago, IL

Date Name Price Difference
12/31/1969 Listing Price $4,350,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Cheryl Cronin
Direct: 708-237-7799
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Wesley Realty Group, Yvonne Stachyra
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20%
1%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

1616 WESTERN (MLS #12087705) is a commercial listing located in Chicago, IL. This property was listed on 06/19/2024 and has been priced for sale at $4,350,000.

Nearby zip codes are 60608, 60614, 60618 and 60622.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Wesley Realty Group