Closed

$2,200,000

2414 Wentworth Avenue, Chicago, IL 60616
47 days
2414 Wentworth Avenue·Chicago, IL 60616
1977Year Built
About This Home

Seize this rare and exceptional opportunity to own a meticulously maintained 3-story commercial-residential mixed-use building, ideally situated in the heart of vibrant Chinatown. Built just 47 years ago, this property combines modern appeal with prime location. The first and second floors, along with the basement, are currently leased to a well-established, featuring multiple private dining rooms on the second floor, ensuring strong rental income potential. The third floor features two residential units, both currently rented below market value, presenting an excellent opportunity for increased rental income. The front unit consists of 2 bedrooms, 1 den, and 2 bathrooms, and has been recently upgraded with new flooring, a new stove, a new refrigerator, and fresh paint. The rear unit includes 2 bedrooms and 1 bathroom. Both units are outfitted with central heating and cooling systems, ensuring year-round comfort. Additionally, the building's roof was replaced six years ago, offering long-term durability and peace of mind for the future owner. Positioned in a highly desirable location with immediate access to popular shops, renowned restaurants, and public transportation, this property is a prime investment opportunity. Chinatown continues to thrive, making this an unmatched chance to capitalize on its growth and energy. Don't miss out on owning a premium piece of real estate in one of the city's most sought-after areas. This is a must-see property for investors or buyers looking for strong returns and long-term value. Contact us today to schedule a viewing and secure this outstanding investment!

MLS# 12164307Listed October 7, 2024Commercial Sale
Property Details

Beds & Baths

Size & Structure

Year Built1977
Lot Size25X110

Location

CountyCook
TownshipSouth Chicago
Zip Code60616

Financial

List Price$2,200,000
Annual Taxes (2023)$15,791
Monthly Tax Est.$1,316
Parcel #17282220510000
Interior Features

Cooling

Central Air
Exterior & Lot

Construction

BrickConcreteBlock

Foundation

Concrete Perimeter
Utilities & Parking

Electric

Circuit Breakers
Tax & Financial
Annual Taxes
$15,791
Tax Year 2023
Monthly Tax Est.
$1,316
per month
Property Location

2414 Wentworth Avenue, Chicago, IL 60616 — Cook County

$2,200,000
2414 Wentworth Avenue
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
47 days on market
25X110
$15,791/yr taxes
$12,878
estimated monthly payment
Principal & Interest
$11,562/mo
Property Tax
$1,316/mo
$2,200,000
20% — $440,000
3%50%
6.875%
3%12%
Loan Amount
$1,760,000
Down Payment
$440,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Mango Realty Group
Agent: ManChing Ng
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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