1. Illinois
  2. Chicago
  3. 5239 N Damen Avenue
$1,095,000

5239 N Damen Avenue, Chicago, IL 60625

  • 6,148 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1930
  • Property Lot Size Icon3,485sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $178/sqft
  • Property List Date Icon Listed 9 months ago

Property Description

Located on a corner lot in the up and coming neighborhood of Bowmanville, this mixed-use building is perfect for an investor or user looking for a home for their business. The property features (2) 2br/1ba apartments + (1) non-conforming studio unit - all located on the second floor. The ground floor features (3) commercial spaces. One is occupied through 10/1/2025 and the other two are vacant. Previously there had been a bar with both spaces combined, but now it's set up for an office/retail set up. Endless possibilities on this one. All units have individual HVAC & the roof is a tear off in 2024. Commercial spaces feature newer commercial windows as well. Current gross rents are $68,400 annually. That can be pushed to $135,000 JUST BY FILLING VACANCIES AND BRINGING RENTS TO MARKET! Apartment rents are well below market (long term tenants and relative in the other) & studio unit was recently renovated and rented out. Reach out to learn more about this asset.

Listing Status:
Active
Listing Office:
Horvath & Tremblay IL, LLC : 312-548-6823
Listing Agent:
John Preston : 312-548-6823
MLS ID:
12203146
  • A/C: Central AirWindow Unit(s)

This listing courtesy of John Preston, Horvath & Tremblay IL, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Chappell Elementary School

2135 W Foster Ave, Chicago, IL, 60625

Grades PK-8

0.25 miles away

C

Chappell Elementary School

2135 W Foster Ave, Chicago, IL, 60625

Grades PK-8

0.25 miles away

A

Amundsen High School

5110 N Damen Ave, Chicago, IL, 60625

Grades 9-12

0.14 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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