Closed

$250,000

4952 Chicago Avenue, Chicago, IL 60651
17 days
4952 Chicago Avenue·Chicago, IL 60651
1915Year Built
About This Home

4952 W Chicago Ave is a mixed-use building that presents a unique blend of potential and foundational upgrades and an opportunity for creative renovation. The significant improvements already in place provide a solid base for future development and customization. This building boasts a versatile layout that includes three apartments and a retail space, offering a diverse income stream. Each apartment features a spacious two-bedroom, One-bathroom design, ideal for comfortable urban living. The retail space on the ground floor presents a prime opportunity for a business venture, adding to the property's appeal and financial viability. Among the key upgrades, the property benefits from a completely revamped electrical system, ensuring a modern infrastructure for both residential and commercial use. It provides excellent visibility and accessibility, making it an attractive location for businesses and residents, and it opens up various possibilities for future development. The required renovation presents a unique opportunity for investors, entrepreneurs, or developers to imprint their vision on the property. The existing updates, like the new electrical system and roof, lay the groundwork, reducing the scale of immediate renovations and adding value to the investment. Ideal for those looking to invest in a property with a head start on critical upgrades, This building is not just a property; it's a canvas ready for transformation into a thriving hub of activity and community.

MLS# 11959283Listed January 12, 2024Commercial Sale
Property Details

Beds & Baths

Size & Structure

Fireplaces0
Year Built1915
Lot Size125X50

Location

CountyCook
Zip Code60651

Financial

List Price$250,000
Annual Taxes (2022)$1,800
Monthly Tax Est.$150
Parcel #16044290220000
Interior Features

Cooling

Central Air
Exterior & Lot

Construction

Brick

Roof

Tar/Gravel

Foundation

Concrete Perimeter
Utilities & Parking

Electric

Separate Meters
Tax & Financial
Annual Taxes
$1,800
Tax Year 2022
Monthly Tax Est.
$150
per month
Property Location

4952 Chicago Avenue, Chicago, IL 60651Cook County

$250,000
4952 Chicago Avenue
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
17 days on market
125X50
$1,800/yr taxes
$1,464
estimated monthly payment
Principal & Interest
$1,314/mo
Property Tax
$150/mo
$250,000
20% — $50,000
3%50%
6.875%
3%12%
Loan Amount
$200,000
Down Payment
$50,000

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

Listed by
Berkshire Hathaway HomeServices Chicago
Agent: Kendric Richardson
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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