Active
1616 N WESTERN Avenue
Chicago IL, 60647
$4,350,000
Active
Multi-family
Built in 2003
Courtesy of Wesley Realty Group
Introducing a prime investment opportunity in Bucktown, this newer 10-unit building is a testament to modern luxury and urban convenience. Each extra-wide condo-quality apartment boasts high ceilings, balconies, hardwood floors, granite countertops, and 42-inch cabinets with stainless steel appliances, creating a sophisticated living experience. Oversized windows flood each unit with natural light, enhancing the spacious rooms and elegant interiors. The building includes eight storage units and nine attached garage spots, ensuring ample convenience for residents. Currently, the property is fully occupied with long-term, high-quality tenants, offering stability and immediate rental income. There is significant potential to increase rental rates, supported by the upscale design and desirable location. Featuring eight upscale residential units and two commercial spaces, each with separate tax IDs, this property offers versatility and investment security. Situated near the Blue Line and Western Avenue CTA stop, residents enjoy easy transit access, while the vibrant neighborhood boasts trendy restaurants, fashionable boutiques, art galleries, and music venues, enriching the local lifestyle and attracting a dynamic tenant base.
12089455
MLSⓇ ID
June 20, 2024
Listed
October 2, 2024
Updated
Map
1616 N WESTERN Avenue
Chicago IL, 60647
Interior Features
Total Stories
4
Fireplace
Yes
Cooling
Yes
Cooling Description
Central Air
Heating
No
Exterior/Building Features
Lot Size
0.19 Acres
Other Property Details
Area Name
CHI - West Town
Taxes
$48,684
Tax Frequency
Annually
Days on Market
59
Garage
No
View
No
County
Cook
Municipality
West Chicago
Pool
No
Zoning
MULTI
Courtesy of Wesley Realty Group, Yvonne Stachyra,
Listing Contact: 847-328-5444
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Data last updated 4:24 AM UTC, 10/2/2024