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
Est. payment: Skip to Mortgage Calculator
Type Commercial
Year Built 2003
City Chicago
County Cook
MLS 12089455
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. |
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1616 WESTERN (MLS #12089455) is a commercial listing located in Chicago, IL. This property was listed on 06/20/2024 and has been priced for sale at $4,350,000.
![]() 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 |