5252 N. Western Ave is a beautiful six (6) unit mixed use building in Chicago's Bowmanville neighborhood. The building is situated on high traffic intersection of Western and Berwyn, with immediate access to the city as well as surrounding north side neighborhoods. 5252 N. Western Ave is a unique opportunity to obtain a cash-flowing mixeduse property in one of the most high growth pockets of Chicago's North side. The building is comprised of two (2) master lease retail units, three (3) 2BD/2BA & one (1) 3BD/2BA. Recent improvements to the building include but are not limited to: gut-renovated units with modern finishes throughout, central air, individual mechanicals, in-unit washer dryer, updated electric, copper plumbing, and extensive amounts of tuckpointing and sealing the new facade. From day one, a new investor will realize a cap rate exceeding 6%. The retail units have master leases signed that extend through 2027 and generate a $15,000 / month. This stabilized mixed use asset allows a new owner to assume the current cash flow that the building provides in a highly desirable pocket of the north side.
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For more information about 5252 N Western, Chicago, IL 60625 contact Corcoran Urban Real Estate.
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Listing provided by Kiser Group Realty Inc
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