2540 W Chicago Avenue # 1 Chicago, IL $ 395,000
2540 W Chicago Avenue # 1
$ 395,000
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2540 W Chicago Avenue # 1

Chicago, IL, 60622
$ 395,000
Baths0.0

Monthly Estimate*

$ 2,625

2540 W Chicago Avenue # 1, Chicago, IL 60622 - Image 1
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Studio

Commercial Property for sale in Chicago, IL

for $395,000. This building was built in 2005 on a lot size of 0.070179.

Prime Mixed-Use Property for Sale Located in the dynamic Ukrainian Village, this 1,386 square foot mixed-use space offers endless potential nestled right on Chicago Avenue. With excellent frontage, robust traffic count, and high visibility, this property is a gem in the heart of Chicago. Property Highlights: Size: 1,386 square feet of adaptable space, ready for customization. Zoning: C1-C2, supporting a variety of commercial and residential uses. Location: Ukrainian Village on bustling Chicago Avenue ensures constant foot traffic and great visibility. Frontage: Prime frontage on Chicago Avenue enhances exposure to passing traffic. Permitted Uses Include: Residential: Artist live/work spaces and dwelling units above the ground floor. Commercial: Retail, limited-service restaurants, business support, and personal services like salons. Public and Civic: Facilities such as colleges, daycares, and libraries. Health Services: Medical and veterinary clinics. C2 Specific: More extensive commercial activities, including taverns, larger restaurants, auto services, light manufacturing, and recycling facilities. This property offers the flexibility to maximize your investment, whether establishing a new business, creating a unique live/work setup, or developing a lucrative rental property.

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Commercial Active

Price

$ 395,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 6,485

Style

Lot Size

0.070179

Year Built

2005

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12050069

Features
General
Cooling Central Air
Zoning COMMR
Construction Materials Brick
Year Built 2005
Electric Circuit Breakers
Tenant Pays Air Conditioning Electricity Heat
Stories 4
Township West Chicago
Unit Number 1
Property SubType Apts/Ofc/Store Condominium Apts/Stores Ofc/Store
Tax Year 2022
Gross Income 0
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Possible Use Commercial Condominium Office and Research Retail Special Use Other
Status Price Change
Directions Chicago Ave West of Western to the Property
City Chicago
NumberOfUnitsTotal 1
MLS Area CHI - West Town
Lot Size Square Feet 3057
Street Name Chicago
Tax Annual Amount 6485
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Days on Market 29
Lease Type Modified Gross
Standard Status Active
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Interior
Flooring Wood
Street Suffix Avenue
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Exterior
Lot Dimensions 25X121
Exterior Brick
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* Excluded Features
List By
@Properties Christie's International Real Estate

Broker

dmytro@dmytrorealtor.com;dmytroshcherbitskyi@atproperties.com

Email

Affordability Calculator

$3,166
Per Month
83%
17%
0%
Monthly Principal & Interest
$2,625
Monthly Property Taxes
$540
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/4/2024$395,000 -2.47% Price Down
5/7/2024$405,000 Listed Price

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2540 W Chicago Avenue # 1, Chicago, IL, 60622 is a Commercial Property for sale at $395,000 with a lot size of 0.070179. 2540 W Chicago Avenue # 1 is a studio with 0.0 baths and was built in 2005. The property's zip code is 60622 which is in Chicago, IL