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43 Properties Within 0.5 miles of: 1003 W Armitage, Chicago
This property has been relisted under a new number. Please click here to view the new listing.

1003 W Armitage
Chicago, IL 60614

  • Built In 1886
Price

$2,949,000

Est Payment
$17,838 / month (details)  
Taxes
$29,685  
Type
Multi Family 5+  
Sq. Ft.
n/a  
Lot Size
25*125  
Built
1886  
Neighborhoods
Lincoln Park, Ranch Triangle  
MLS
#11762239
Status
Cancelled

Property Description

Don't miss this extraordinary and rare investment opportunity with a 6.5%+ CAP RATE in the highly sought-after Lincoln Park neighborhood! This fully stabilized, recently gut-renovated mixed-use property offers a premier investment experience, featuring four residential apartments and one retail space. Strategically located on a desirable street, the property boasts a prime position directly across from the Chicago Transit Authority's (CTA) Brown Line L Train Stop at Armitage. With 100% occupancy and strong rental income, this investment presents the potential for rent increases while keeping operating expenses low. The commercial tenant covers 40% of CAM (including property tax and insurance), while residential tenants pay for utilities (gas and electricity). Significant recent upgrades, such as a new roof and AC condensers installed in 2022, contribute to the property's long-term value. Each residential unit features hardwood floors, in-unit laundry, quartz countertops, stainless steel appliances, and individual HVAC units, ensuring maximum comfort and appeal for tenants. Take advantage of this exceptional mixed-use property in the heart of Lincoln Park, offering stability, growth potential, and an impressive return on investment for discerning investors.

Property Map

Property Details

Utilities

  • Heating
  • Cooling
  • Water
  • Sewer

Additional Information

Parking
3 Parking Spaces

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

04-18-2023 Listed at $2,949,000
10-06-2023 Status changed to Cancelled
Last Modified 10/6/23 9:46 AM

Nearby Transportation

  • Bus 73 < 0.1 mi
  • Bus 8 0.3 mi
  • Bus 37 0.3 mi
  • Bus 74 0.4 mi
  • Bus 9 0.5 mi
  • Bus 72 0.5 mi
  • Bus X9 0.7 mi
  • Bus 36 0.8 mi
  • Bus 22 0.8 mi
  • Bus 151 0.9 mi
  • Bus 156 0.9 mi
  • Bus 0.9 mi
  • Bus 70 1.0 mi
  • Bus 143 1.0 mi
  • Bus 134 1.0 mi
  • Union Pacific North 0.8 mi
  • Union Pacific Northwest 0.8 mi
  • Brown Line < 0.1 mi
  • Purple Line < 0.1 mi
  • Red Line 0.5 mi
  • Blue Line 1.2 mi
  • ZipCar < 0.1 mi
  • I 90 West 0.8 mi
  • I 94 West 0.8 mi
  • I 90 East 0.8 mi
  • I 94 East 0.8 mi
  • I 290 West 2.9 mi
  • I 290 East 2.9 mi
  • I 55 North 4.4 mi
  • I 55 South 4.4 mi
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