105 W Chicago Avenue Chicago, IL $ 4,500,000
105 W Chicago Avenue
$ 4,500,000
New Construction
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105 W Chicago Avenue

Chicago, IL, 60654
$ 4,500,000
Baths0.0

Monthly Estimate*

$ 29,908

105 W Chicago Avenue, Chicago, IL 60654 - Image 1
105 W Chicago Avenue, Chicago, IL 60654 - Image 2
Studio

Commercial Property for sale in Chicago, IL

for $4,500,000. This building was built in 2010 on a lot size of 0.172176.

7,500 square foot, three-story plus a full basement, mixed-use property at the southwest corner of Clark Street and Chicago Avenue in the desirable River North neighborhood. Situated on a 2,614 square foot site, the subject was constructed for the current owners and is comprised of a 1,000 square foot retail space on the ground floor that is currently a restaurant, a well appointed 1,600 square foot office suite on the second floor and a two-bedroom, two-bath apartment with lofted space on the third floor, plus a spectacular roof deck. All of the mechanicals and roof are newer and meticulously maintained. The property benefits from its excellent visibility, as it is located on one of the main east/west and north/south arteries in the city. The visibility and in-place income coupled with the easy access to Lake Shore Drive, the I-90/I-94 Expressway and public transportation makes this offering the perfect opportunity for an investor or user to acquire a boutique multi-unit building in the heart of the vibrant River North neighborhood. The River North neighborhood of Chicago is a sought-after location for both business and residential because of its central location, connecting Fulton Market, River West, the Loop, Gold Coast, Streeterville, and the Magnificent Mile. This vibrant neighborhood hosts a multitude of retail shopping options, art galleries, hotels and high-end residential. The neighborhood is also Chicago's go-to hub of nightlife and entertainment, featuring many of the city's acclaimed bars and clubs. This area has a high population density with more than 14,300 existing multi-family units, 2,760 more under construction, and over 1,380 proposed. The area continues to see a significant increase in residential developments and developer / investor activity over the past several years. Price upon request

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Commercial Active

Price

$ 4,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 38,225

Style

Lot Size

0.172176

Year Built

2010

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11862139

Features
General
Cooling Central Air
Zoning OTHER
Year Built 2010
Electric Other
Stories 3
Township Stickney
Property SubType Mixed Use
Tax Year 2022
Gross Income 0
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status Active
Directions Located at the southwest corner of Clark Street and Chicago Avenue
City Chicago
NumberOfUnitsTotal 1
MLS Area Confidential Commercial Listings
Lot Size Square Feet 7500
Street Name Chicago
Tax Annual Amount 38225
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Days on Market 267
Standard Status Active
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Exterior
Lot Dimensions 7500
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Interior
Street Suffix Avenue
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* Excluded Features
List By
Millennium Properties Re, Inc.

Broker

ssilver@mpirealestate.com

Email

Affordability Calculator

$33,094
Per Month
90%
10%
0%
Monthly Principal & Interest
$29,908
Monthly Property Taxes
$3,185
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
12/26/2023$4,500,000 Listed Price

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105 W Chicago Avenue, Chicago, IL, 60654 is a Commercial Property for sale at $4,500,000 with a lot size of 0.172176. 105 W Chicago Avenue is a studio with 0.0 baths and was built in 2010. The property's zip code is 60654 which is in Chicago, IL