Active

3159 N California Avenue

Chicago IL, 60618

$5,500,000


$292.37 per sqft

Active

18,812 sqft

Commercial

Courtesy of @properties Christie's International Real Estate

Best location on 3 major corners (Belmont, California and Elston Avenues) with numerous car count passing each street every day on all 3 of these major streets. Tenants are long time tenants. Plus rental income that easily could be increased to today's rental rates. There is an opportunity for "value added" to increase apartment rents. Present rents are under market value. Incredible land square footage. Corner building is 18,812 square feet with 159 linear feet on Belmont Avenue. 3173 Elston Avenue is 4,500 square foot lot with a 4,200 square foot 1 story brick building under a triple net lease. Each apartment and each store pay their own and have individual forced air conditioning and heat units. Each apartment enjoys their own roof deck and there is a common roof deck for the tenants. There is a 19 car shared parking lot adjoining the properties. The properties are meticulously cleaned and well kept. There are 7 stores, 9 apartments and a rooftop sign. The properties are in excellent condition but the properties will be sold "as is where is". The sale would be subject to a "1031 Exchange". Same ownership for over 55 years. Financial information available on request. Proof of funds required on all offers. The properties will not be divided. Confirmed showings only.

11963555

MLS ID

January 25, 2024

Listed

February 20, 2024

Updated

Map

3159 N California Avenue
Chicago IL, 60618

Interior Features

Total Stories

2


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

0.43 Acres

Other Property Details

Area Name

CHI - Avondale


Taxes

$84,550


Tax Frequency

Annually


Days on Market

26


Garage

No


View

No


County

Cook


Pool

No


Zoning

OTHER

Courtesy of @properties Christie's International Real Estate, Joyce Gallo,
Listing Contact: 847-404-2500 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Jason Obeirne are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

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©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 1:09 AM UTC, 2/20/2024

 

 

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