Property for Sale: 3159 N California, Chicago, IL 60618

$5,250,000
$5,250,000
3159 N California, Chicago, IL 60618
$5,250,000
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Price:
$5,250,000
$250,000 - 04/15/2024

Type Commercial
Year Built 0

City Chicago
County Cook

MLS 11963555
Status Active
Best location on 3 major corners (Belmont, California and Elston Avenues) with numerous car count passing each street every day on all 3 of these major streets. Tenants are long time tenants. Plus rental income that easily could be increased to today's rental rates. There is an opportunity for "value added" to increase apartment rents. Present rents are under market value. Incredible land square footage. Corner building is 18,812 square feet with 159 linear feet on Belmont Avenue. 3173 Elston Avenue is 4,500 square foot lot with a 4,200 square foot 1 story brick building under a triple net lease. Each apartment and each store pay their own and have individual forced air conditioning and heat units. Each apartment enjoys their own roof deck and there is a common roof deck for the tenants. There is a 19 car shared parking lot adjoining the properties. The properties are meticulously cleaned and well kept. There are 7 stores, 9 apartments plus income from a rooftop sign. The properties are in excellent condition but the properties will be sold "as is where is". The sale would be subject to a "1031 Exchange". Same ownership for over 55 years. Financial information available on request. Proof of funds required on all offers. The properties will not be divided. Confirmed showings only.

Lot & Building Features

Cooling Central Air
Tax Year 2022
Lot Dimensions 18,812 SQ FT ft

Price History of 3159 California, Chicago, IL

Date Name Price Difference
04/15/2024 Price Adjustment $5,250,000 4.55%
12/31/1969 Listing Price $5,500,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Denise Amraen, ePRO
Direct: 708-237-7778
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by @properties Christie's International Real Estate, Joyce Gallo
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1%
6.75%
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3159 California (MLS #11963555) is a commercial listing located in Chicago, IL. This property was listed on 01/25/2024 and has been priced for sale at $5,250,000.

Nearby zip codes are 60622, 60623, 60638, 60647 and 60657.

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: @properties Christie's International Real Estate