Active
3159 N California Avenue
Chicago IL, 60618
$5,250,000
Active
Other
Courtesy of @properties Christie's International Real Estate
Best location on 3 major corners (Belmont, California and Elston Avenues) with numerous car count passing each street every day on all 3 of these major streets. Tenants are long time tenants. Plus rental income that easily could be increased to today's rental rates. There is an opportunity for "value added" to increase apartment rents. Present rents are under market value. Incredible land square footage. Corner building is 18,812 square feet with 159 linear feet on Belmont Avenue. 3173 Elston Avenue is 4,500 square foot lot with a 4,200 square foot 1 story brick building under a triple net lease. Each apartment and each store pay their own and have individual forced air conditioning and heat units. Each apartment enjoys their own roof deck and there is a common roof deck for the tenants. There is a 19 car shared parking lot adjoining the properties. The properties are meticulously cleaned and well kept. There are 7 stores, 9 apartments plus income from a rooftop sign. The properties are in excellent condition but the properties will be sold "as is where is". The sale would be subject to a "1031 Exchange". Same ownership for over 55 years. Financial information available on request. Proof of funds required on all offers. The properties will not be divided. Confirmed showings only.
11963555
MLSⓇ ID
January 25, 2024
Listed
November 25, 2024
Updated
Map
3159 N California Avenue
Chicago IL, 60618
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
No
Exterior/Building Features
Lot Size
0.43 Acres
Other Property Details
Area Name
CHI - Avondale
Taxes
$84,550
Tax Frequency
Annually
Days on Market
211
Garage
No
View
No
County
Cook
Municipality
North Chicago
Pool
No
Zoning
OTHER
Listing History
Date | Event | Price |
|---|---|---|
4/15/2024 | Price change | $5,250,000 -5% |
Courtesy of @properties Christie's International Real Estate, Joyce Gallo,
Listing Contact: 847-404-2500
The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Wenzel Select Properties are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Based on information submitted to the MLS GRID for MRED 11/25/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.
Data last updated 4:43 PM UTC, 11/25/2024
