1947 W Chicago Ave | Chicago, IL 60622
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- LoopNet Team
1947 W Chicago Ave
Chicago, IL 60622
Multifamily Property For Sale
·
6,688 SF
Investment Highlights
- Renovated (2018) stabilized 6-unit mixed-use building in Chicago’s West Town.
- Ground-floor retail leased to West Town Chamber of Commerce through Feb 2029, offering stable cash flow.
- Opportunity to increase residential rents in existing condition with long-term upside from neighborhood growth.
- Five (5) apartments (4x 1BD/1BA + 1x 3BD/2BA penthouse) with modern layouts, in-unit laundry, and tenant-paid utilities
- Prime Chicago Ave & Damen Ave location with strong visibility, foot traffic, and access to dining, shopping, and transit.
Property Facts
| Property Type | Multifamily | Lot Size | 0.07 AC |
| Property Subtype | Apartment | Building Size | 6,688 SF |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1895 |
| Zoning | B3-3 | ||
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 6,688 SF |
| No. Stories | 3 |
| Year Built | 1895 |
| Zoning | B3-3 |
Property Taxes
| Parcel Number | 17-07-200-058-0000 | Improvements Assessment | $96,396 |
| Land Assessment | $21,806 | Total Assessment | $118,202 |
Property Taxes
Parcel Number
17-07-200-058-0000
Land Assessment
$21,806
Improvements Assessment
$96,396
Total Assessment
$118,202
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