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2712-2714 W North Ave 8,600 SF 46% Leased Retail Building Chicago, IL 60647 $1,600,000 ($186.05/SF)
INVESTMENT HIGHLIGHTS
- Recently gut renovated commercial space is column-free and lends itself to a multitude of potential uses
- Well located mixed-use building with significant value-add potential
- North Avenue location in E. Humboldt Park is in the path of progress and conveniently accessible via public transit
- Current apartment rents are below market
EXECUTIVE SUMMARY
Baum realty group, LLC has been exclusively retained to offer for sale 2712-2714 W. north Avenue, a part three-story, part one-story mixed-use building in Chicago’s east Humboldt Park neighborhood. Sitting on 6,000 Sf of land, the building currently contains four (4) upper floor residential units, all with 2 beds / 1 bath, along with three (3) ground floor commercial units. The western commercial unit at 2714 W. north Avenue contains roughly 3225 Sf of newly improved, clear span/column-free space. formerly an art gallery, this bright and open space was fully renovated in late 2024 with new electrical, HVAC, plumbing, storefront windows, wood flooring, skylights, AdA bathrooms, and a kitchenette. The eastern portion of the ground level is divided into front (1434 Sf) and rear (992 Sf) commercial spaces, each with dedicated entrances, practical layouts and distributed plumbing.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,600 SF
Building Class
C
Year Built
1916
Price
$1,600,000
Price Per SF
$186.05
Percent Leased
46%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.42
Lot Size
0.14 AC
Zoning
B3-2
Frontage
54’ on W North Ave
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Features large windows and a dedicated entrance
Recently improved, column-free retail space with 13’ ceiling heights, large windows, and a kitchenette with two restrooms
| Space | Size | Space Use | Position | Available |
| 1F | 1,434 SF | Retail | - | Now |
| 2714 | 3,225 SF | Retail | - | Now |
1F
| Size |
| 1,434 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
2714
| Size |
| 3,225 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1F
| Size | 1,434 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Features large windows and a dedicated entrance
2714
| Size | 3,225 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Recently improved, column-free retail space with 13’ ceiling heights, large windows, and a kitchenette with two restrooms
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (70)
Bike Score®
Biker's Paradise (96)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13-36-426-037-0000 | Improvements Assessment | $59,400 |
| Land Assessment | $33,600 | Total Assessment | $93,000 |
PROPERTY TAXES
Parcel Number
13-36-426-037-0000
Land Assessment
$33,600
Improvements Assessment
$59,400
Total Assessment
$93,000
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2712-2714 W North Ave
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