About 2712 W North Avenue
Well-located mixed-use building offering significant value-add potential. The recently gut-renovated commercial space features a column-free layout that can accommodate a wide variety of potential retail, office, or service uses. Existing B3-2 zoning allows for the potential conversion of two (2) additional ground-floor dwelling units with the procurement of a special use permit (no zoning change required). Current apartment rents are below market, presenting an opportunity for future income growth. Situated along North Avenue in East Humboldt Park, the property is positioned within a rapidly evolving corridor and offers convenient access to public transportation. With an in-place NOI of $111,493, without yet achieving full occupancy, the Property offers immense value-add potential thru leasing the remaining vacancy.
Features of 2712 W North Avenue
| MLS® # | 12591309 |
|---|---|
| Price | $1,600,000 |
| Bathrooms | 0.00 |
| Year Built | 1915 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Commercial Sub-Type | Mixed Use |
| Status | Active |
| Taxes | $18,740 |
Community Information
| Address | 2712 W North Avenue |
|---|---|
| Area | CHI - West Town |
| City | Chicago |
| County | Cook |
| State | IL |
| Zip Code | 60647 |
Amenities
| Is Waterfront | No |
|---|---|
| New Construction | No |
| Has Pool | No |
Interior
| Cooling | Central Air |
|---|---|
| Fireplace | No |
| Has Basement | No |
Additional Information
| Days on Market | 125 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Sobiko Brokerage Services, LLC |
|---|