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1653-1657 W Foster Ave
Chicago, IL 60640
12 Unit Mixed-Use Building · Multifamily Property For Sale
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12 Units
Property Facts
| No. Units | 12 | Lot Size | 0.11 AC |
| Property Type | Multifamily | Building Size | 10,500 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1920/2007 |
| Building Class | C | Cross Streets | N Paulina St |
| Zoning | B1-1, Chicago | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 10,500 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2007 |
| Cross Streets | N Paulina St |
| Zoning | B1-1, Chicago |
About 1653-1657 W FOSTER AVE , CHICAGO, IL 60640
The property consists of ten (10) apartments and two (2) storefronts. While the building was originally constructed in 1920, current ownership had renovated all ten of the apartments along with most of the building systems between 2008 and 2009. The commercial storefronts include one corner entrance and one street entrance. The corner space is occupied by Isabella's, a popular neighborhood bakery and coffee shop. Isabella's has occupied this space for over 13+ years and their current lease runs until 2021. The street entrance is occupied by White Crane Wellness Center, a local non-profit business that focuses on the healthcare and well being of elderly adults. They are affiliated with local senior service centers such as Chicago Methodist which operates a senior living facility two blocks from the subject property. The rental income provided by the retail storefronts currently accounts for approximately 19.7% of the total gross income of the entire property.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 8 | - | - |
Property Taxes
| Parcel Number | 14-07-404-001-0000 | Improvements Assessment | $153,417 |
| Land Assessment | $26,191 | Total Assessment | $179,608 |
Property Taxes
