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North Ave Mixed-Use 4044-4046 W North Ave 4,500 SF 100% Leased Retail Building Chicago, IL 60639 $475,000 ($105.56/SF)



Investment Highlights
- REPOSITIONING & VALUE ADD OPPORTUNITY
- TRANSIT ORIENTED LOCATION
- STRONG DEMOGRAPHICS & TRAFFIC COUNTS
- UPGRADED, WELL MAINTAINED APARTMENT
- HIGH-DEMAND URBAN LOCATION
- VACANT
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase an investment property located at 4044-4046 W North Avenue in Chicago, Illinois (the “Property”). The Property is vacant and is improved by a 4,500 square foot two-story mixed-use building on a 3,125 square foot (0.07-acre) parcel of land. The Property offers a commercial suite on the first floor, a nicely appointed residential unit on the second floor, and two (2) uncovered parking spaces. The Property is zoned B1-2 Neighborhood Shopping District, one of the most versatile zoning designations in the city of Chicago. The Property offers the opportunity to lease the Property as an investment opportunity or to use the Property as an owner-user opportunity.
The Property is well-located along W North Avenue in Chicago’s Humboldt Park neighborhood, a high-density, inner-urban core neighborhood 6-miles west of Downtown Chicago. The Property is convenient to the area’s primary commercial corridors, W North Avenue and N Cicero Avenue, and offers easy access to the the Pulaski and Cicero Stations (CTA Green Line) and Western Metra Stations (MD-W Line). The high-demand for real estate with proximity to “L” Stations, area schools and primary commercial corridors, make this a great opportunity for an investor seeking an owner-user or repositioning site in Chicago.
The Property is well-located along W North Avenue in Chicago’s Humboldt Park neighborhood, a high-density, inner-urban core neighborhood 6-miles west of Downtown Chicago. The Property is convenient to the area’s primary commercial corridors, W North Avenue and N Cicero Avenue, and offers easy access to the the Pulaski and Cicero Stations (CTA Green Line) and Western Metra Stations (MD-W Line). The high-demand for real estate with proximity to “L” Stations, area schools and primary commercial corridors, make this a great opportunity for an investor seeking an owner-user or repositioning site in Chicago.
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,500 SF
Building Class
C
Year Built
1911
Price
$475,000
Price Per SF
$105.56
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.48
Lot Size
0.07 AC
Zoning
B1-2
Frontage
29’ on W North Ave
Exceptionally walkable
90/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-34-429-030-0000 | Improvements Assessment | $31,188 |
| Land Assessment | $7,813 | Total Assessment | $39,001 |
Property Taxes
Parcel Number
13-34-429-030-0000
Land Assessment
$7,813
Improvements Assessment
$31,188
Total Assessment
$39,001
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North Ave Mixed-Use | 4044-4046 W North Ave
