3705-13 W North Avenue, Chicago, IL 60647
Highlights:
– 9,535 Sq Ft of land (3 PINs); excellent development or re-development opportunity
– $6,600 / month gross income also provides healthy CAP rate (13.38%) for buy and hold investor looking for a long-term play in this up-and-coming neighborhood
– Ownership only pays taxes & water, perfect for an arm chair investment
– Bowtruss building with skylights, two 12′ drive in doors, 14′ clearance & no columns
– Sold As-Is
– Just 2 blocks from Western Trailhead Garden, the west-end trailhead of The 606 Bloomingdale Trail
Unit Mix:
– Approx 6,100 Sq Ft bowtruss auto shop (currently occupied by auto glass business, rent is $4,900 / month gross; tenant has been there for 12 years and has 3 years remaining on lease lease – tenant would be willing to sign a longer term lease if buyer desires or alternatively, property owner / Landlord has option to terminate lease with 1 year notice)
– Approx 1,000 Sq Ft 2nd floor (former apartment) currently being used by auto shop for storage
– Approx 1,000 Sq Ft 2nd floor apartment, rent is $1,000 / month
– Approx 1,000 Sq Ft of vacant “retail” / industrial / storage space
– Approx 300 Sq Ft vacant “retail” / industrial / storage / loft space
– Approx 500 Sq Ft garage, rent is $700 / month (1-2 vehicle capacity), accessible via curb cut on North Avenue
