2800-2802 W Chicago Ave
Chicago, IL 60622
Multi-Unit Commercial Condos | Chicago · Multifamily Property For Sale · 7 Units

Marcus & Millichap is pleased to exclusively present a fee-simple real estate investment opportunity located in the West Town neighborhood of Chicago, Illinois. Built in 2005, the offering consists of five individual Commercial condos totaling approximately 7,600 square feet. All five units are fully occupied and currently operating under gross leases. The Commercial Units are all located on the same side of the street along the 2800 block of West Chicago Avenue and on the groundlevel of 4-story condominium buildings. Each Commercial Unit has their own separate Property Index Number (P.I.N.) and each Commercial Unit belongs to their respective Condo Association. Landlord is responsible for paying Condo Association Fees (which includes General Liability Insurance for the Commercial Units) and Real Estate Taxes. Tenants are responsible for paying their own Gross Rent, Utilities, and Condo Insurance. The Condo Association is responsible, at its own expense, for the maintenance, repairs, and replacement of those portion of each Unit of the buildings which contribute to the support of the Building. The Association is responsible for the exterior cleaning of the glass windows of the residential units as well as the repairs and maintenance of the stairwells. The property is located at the signalized intersection of Chicago Avenue and California Avenue which has a combined traffic count of over 24,000 vehicles per day. There is ample street parking available on either side of each street. This intersection also benefits from the four bus stops that are located just steps away, giving it excellent visibility from both walking and commuting patrons, alike. Lastly, given the dense infill location where these properties are located, this site has a Walk Score® of 89 out of 100 meaning that most errands can be accomplished by foot.