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5620 Western Avenue  Chicago IL 60659

5620 Western Avenue Chicago, IL 60659

Price Reduced For Sale
5620 Western Avenue
Chicago, IL 60659
Price: $1,149,000
Type: Commercial Sale
Agent: Alberto Gonzalez
Agent Email: exitalberto@gmail.com
Broker: EXIT Strategy Realty
Broker Phone: 312-554-5478

ARCADIA TERRACE INVESTMENT OPPORTUNITY—FULLY occupied THREE-lot / THREE pin investment/owner property with a tremendous traffic count and C1-2 ZONING for many businesses. Rent increases coming in September. ALL TENANTS ARE ON YEARLY LEASES EXCEPT FOR 5822 WHICH IS M-T-M. From left to right it consists of: 5618-gated parking lot/5620 three story mixed use—ALL NEW REHAB– with a store, 200 amp panel, front-back office plus three private offices, upstairs has two 2-BR apartments, 100 amp panel, with separate dining, all with separate NEW HVAC plus hardwood floors plus all NEW steel back decks, NEW hot water tank, NEWER roof-5 years, rebuilt parapets, tuckpointed/5622 is a free standing 1 story flexi-core commercial garage—levels can be added—200-amp 3-phase+200amp panel. Tenants in 5620 all expire in 2024, 5620+18 are MTM, rents. Just slightly north of Bryn Mawr and adjacent to the booming Devon corridor along with Lincoln Square, Ravenswood, Edgewater. Easy access to public transportation and Lake Shore Drive.

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