Closed

$675,000

7216 Western Avenue, Chicago, IL 60645
0 Baths90 days
7216 Western Avenue·Chicago, IL 60645
0Bathrooms
About This Home

This prime commercial land, zoned B3-2, boasts a strategic location on bustling Western Avenue, with a daily traffic count of approximately 22,600 cars. This property has a primary recommended zoning B2-2 and a secondary recommended zoning B3-2 allowing entrepreneurs and investors to explore a wide range of commercial possibilities. City of Chicago has recently adopted a comprehensive plan for Western Avenue, which includes this very property, offering exciting prospects for future development and growth. As an added bonus, this property comes with an existing commercial billboard, complete with a current lease that generates a passive income of $22,000.00 per year. This is an excellent opportunity to secure consistent returns on day one while the property is developed. Whether you're looking to establish or expand your business, invest in a thriving neighborhood, or secure a dependable source of passive income, 7216 N Western Avenue presents a rare chance to make your mark in one of Chicago's most dynamic areas. Don't miss out on this unique opportunity to shape the future of this prime commercial property. Contact us today to schedule a viewing and explore the endless possibilities that await you here. DO NOT WALK PROPERTY WITHOUT BROKER PERMISSION.

MLS# 11895754Listed October 2, 2023Land
Property Details

Beds & Baths

Total Bathrooms0

Size & Structure

Lot Size0.170 acres

Location

CountyCook
TownshipRogers Park
Zip Code60645

Financial

List Price$675,000
Annual Taxes (2021)$7,784
Monthly Tax Est.$649
Parcel #10254280130000
Interior Features

Heating

Natural Gas
Utilities & Parking

Water Source

Municipal Water

Parking

Gravel
Tax & Financial
Annual Taxes
$7,784
Tax Year 2021
Monthly Tax Est.
$649
per month
Property Location

7216 Western Avenue, Chicago, IL 60645Cook County

$675,000
7216 Western Avenue
0 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
90 days on market
0.170 acres
$7,784/yr taxes
$4,196
estimated monthly payment
Principal & Interest
$3,547/mo
Property Tax
$649/mo
$675,000
20% — $135,000
3%50%
6.875%
3%12%
Loan Amount
$540,000
Down Payment
$135,000

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

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

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