Welcome to the heart of Lincoln Park and a very unique opportunity! This all brick building is located on a 48 x 100 foot lot just a block for the Armitage/Sheffield El line. Zoned C1-2 which is 2 commercial units and 4 work/live spaces on the 2nd floor. The building is 9600 square feet. On the first floor there is a 3900 sq ft wine club and a 1000 sq ft storefront. On the 2nd level there are 4 units that are all about 1200 sq ft and can easily be combined at any time for larger space. You can also build up one more level and there is currently roof access. Tenants pay all of their own utilities and there is CAM income of $1,040/month. Long term tenants which makes this a perfect opportunity for all investors and currently there is a 5.1% CAP RATE. Building is self managed and easy to upkeep. New roof in 2014 with a warranty.
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For more information about 1113 W Armitage, Chicago, IL 60614 contact Corcoran Urban Real Estate.
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