3046 W Armitage Avenue Chicago, IL $ 899,000
3046 W Armitage Avenue
$ 899,000
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3046 W Armitage Avenue

Chicago, IL, 60647
$ 899,000
Baths0.0

Monthly Estimate*

$ 5,975

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Studio

Commercial Property for sale in Chicago, IL

for $899,000. This building was built in 1902 on a lot size of 0.07174.

Tremendous opportunity in this Mixed-use, 4 unit building in the heart of Palmer/ Logan Square. Located just off the BLVD and steps to amazing restaurants/ parks/ nightlife. Easy walk to the Blue Line and 2 blocks North of the 606 entrance. This solid brick building has been well maintained with updates to the major building components (Mechanicals/ Electric/ Pluming), and recent concrete parking pad off the alley. Plenty of room to increase rents with some cosmetic updates. The units consists of 3 large- 3 bedroom- 1 bath apartments plus a retail space on the street level. Apartment 1- 3 bedroom/ 1 bath. Hardwood floors throughout, updated kitchen, AC, w/d in- unit. $2000/mo Apartment 2- 3bd, 1ba features hardwood floors throughout. excellent light, large deck, rent $1550 Apartment 3- 3bd, 1ba- Harwood floors throughout, newer kitchen, AC, W/D in unit, large deck. Rent $1950 (lease just expired) Commercial unit has been fully rehabbed and turn key office suite. Current rent $1842/ mo 3% annual escalations.

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Commercial Contingent

Price

$ 899,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 19,194

Style

Office

Lot Size

0.07174

Year Built

1902

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12045583

Features
General
Cooling Central Individual
Possession Closing Tenant's Rights
Roof Membrane
Zoning OTHER
Construction Materials Brick
Year Built 1902
Electric Circuit Breakers Separate Meters
Tenant Pays Air Conditioning Electricity Heat
Stories 4
Township West Chicago
Property SubType Apts/Ofc/Store Apts/Ofc Apts/Stores
Tax Year 2022
Current Use Office
Gross Income 89328
County Cook
Net Operating Income 0
Operating Expense 6040
Insurance Expense 3040
Property Type Commercial Sale Mixed Use
Contingency Attorney/Inspection
Possible Use Commercial Condominium Office and Research Multi-Family Retail
Status Contingent
Directions North side of the street between Whipple & Albany (Humboldt Blvd & Kedzie)
City Chicago
NumberOfUnitsTotal 4
MLS Area CHI - Logan Square
Lot Size Square Feet 3125
Street Name Armitage
Tax Annual Amount 19194
Electric Expense 240
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 2500
Additional Parcels Y/N N
Days on Market 27
Standard Status Active Under Contract
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Interior
Flooring Tile Varies Vinyl Wood
Total Fireplaces 0
Street Suffix Avenue
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Exterior
Foundation Details Concrete Perimeter
Lot Dimensions 25X125
Frontage Type City Street
Exterior Brick
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* Excluded Features
List By
@Properties Christie's International Real Estate

Broker

jpbitting@atproperties.com

Email

Affordability Calculator

$7,575
Per Month
79%
21%
0%
Monthly Principal & Interest
$5,975
Monthly Property Taxes
$1,600
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/2/2024$899,000 Listed Price

Map


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3046 W Armitage Avenue, Chicago, IL, 60647 is a Commercial Property for sale at $899,000 with a lot size of 0.07174. 3046 W Armitage Avenue is a studio with 0.0 baths and was built in 1902. The property's zip code is 60647 which is in Chicago, IL