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    1917 N Damen Avenue

    Chicago, IL 60647
    • $1,224,900
    • STATUS: Active
    • ON SITE: 38 days
    • MLS #: 11011303
    UPDATED: 22 min ago
    $1,224,900
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,160
      SQFT
    • $388
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2006
    County:

    School Ratings & Info

    Description

    ***CONFIDENTIAL SALE, PLEASE DON'T DISTURB TENANTS, call Listing Agent with questions". Fully leased, NNN, 3,160 square foot retail property built in 2006. The property comprises of two ground level units located on a highly trafficked Damen Ave (22,100 VPD) just South of Armitage Ave (21,000 VPD) in the heart of the Bucktown's popular destination shopping strip. The property is 100% leased to two local and very successful businesses that have multiple locations in the city. The property offers strong cash flow (Gross Income: $120,264, Net Income: $81,507) and a good rate of return (6.7%) with annual rent increases. The property has been recently renovated with high-end finishes and has no deferred maintenance. Each unit is separately metered for gas, electric, and water and has its own HVAC system. The corner location offers excellent exposure, high visibility, vehicle, and foot traffic. The property is located on the trendy section of Damen surrounded by boutiques, retail shops, restaurants, shopping, major retailers, and public transportation. This offering represents a unique opportunity for an investor to acquire a stabilized newer construction retail property with strong cash flow, a high-quality tenant mix, and a good rate of return. A new owner can also take advantage of the current low-interest rates, excellent location for future appreciation, annual rent increases, and low vacancy rates in the area.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-13T07:04:19.86 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    1917 N Damen Avenue Chicago, IL 60647

    • Price: $1,224,900
    • Status: Active
    • Updated: 22 min ago
    • MLS #: 11011303
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,160
    SQFT
    $388
    $/SQFT
    2006
    Built
    Neighborhood:
    Chi - Logan Square
    County:
    Cook
    Area:
    Chi - Logan Square
    Property Description
    ***CONFIDENTIAL SALE, PLEASE DON'T DISTURB TENANTS, call Listing Agent with questions". Fully leased, NNN, 3,160 square foot retail property built in 2006. The property comprises of two ground level units located on a highly trafficked Damen Ave (22,100 VPD) just South of Armitage Ave (21,000 VPD) in the heart of the Bucktown's popular destination shopping strip. The property is 100% leased to two local and very successful businesses that have multiple locations in the city. The property offers strong cash flow (Gross Income: $120,264, Net Income: $81,507) and a good rate of return (6.7%) with annual rent increases. The property has been recently renovated with high-end finishes and has no deferred maintenance. Each unit is separately metered for gas, electric, and water and has its own HVAC system. The corner location offers excellent exposure, high visibility, vehicle, and foot traffic. The property is located on the trendy section of Damen surrounded by boutiques, retail shops, restaurants, shopping, major retailers, and public transportation. This offering represents a unique opportunity for an investor to acquire a stabilized newer construction retail property with strong cash flow, a high-quality tenant mix, and a good rate of return. A new owner can also take advantage of the current low-interest rates, excellent location for future appreciation, annual rent increases, and low vacancy rates in the area.
    Exterior Features

    Construction Materials Brick Foundation Details Concrete Perimeter Frontage Type City Street Location Central Business DistrictCornerPublic Transport Avail Number Of Drive In Doors 0 Number Of TLDocks 0

    Interior Features

    Ceiling Height Ft 9 Cooling Central AirCentral Individual Electric 101-200 Amps Fire Protection Fire Extinguisher/S Heat Ventilation Forced AirGas Leasable Area 0

    Property Features

    Additional Parcels YN No Cap Rate 6.7 Current Use Commercial Existing Lease Type Net Expense Year 2021 Exterior Building Type Brick Extra Storage Spaces Available YN No Gross Income 120264 Gross Scheduled Income 120264 Investment YN Yes Lot Size Dimensions Common Min Avail Sq Ft Rentable 0 Net Operating Income Year 2021 Number Of Tenants 2 Operating Expense 30338 Property Offered For Sale Only Tax Annual Amount 24940 Tax Year 2019 Tenant Pays Air ConditioningElectricityHeatJanitorial ServiceTaxesInsuranceRepairsScavengerSewer Total Monthly Income 9764 Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Dobreva Commercial Inc.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2021-04-13T07:04:19.86 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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