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44 Properties Within 0.5 miles of: 1616 N Western, Chicago

1616 N Western
Chicago, IL 60647

  • Built In 2003
Price

$4,350,000

Est Payment
$27,116 / month (details)  
Taxes
$48,684  
Type
Multi Family 5+  
Sq. Ft.
n/a  
Lot Size
75X110  
Built
2003  
Neighborhood
Logan Square  
MLS
#12347274
Status
Active (0 days)

Property Description

Introducing a prime investment opportunity in Bucktown, this newer 10-unit building is a testament to modern luxury and urban convenience. Each extra-wide condo-quality apartment boasts high ceilings, balconies, hardwood floors, granite countertops, and 42-inch cabinets with stainless steel appliances, creating a sophisticated living experience. Oversized windows flood each unit with natural light, enhancing the spacious rooms and elegant interiors. The building includes eight storage units and nine attached garage spots, ensuring ample convenience for residents. Currently, the property is fully occupied with long-term, high-quality tenants, offering stability and immediate rental income. There is significant potential to increase rental rates, supported by the upscale design and desirable location. Featuring eight upscale residential units and two commercial spaces, each with separate tax IDs, this property offers versatility and investment security. Situated near the Blue Line and Western Avenue CTA stop, residents enjoy easy transit access, while the vibrant neighborhood boasts trendy restaurants, fashionable boutiques, art galleries, and music venues, enriching the local lifestyle and attracting a dynamic tenant base.

Property Map

Property Details

Utilities

  • Heating
  • Cooling Central Air
  • Water
  • Sewer

Additional Information

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

Listing History

04-25-2025 Listed at $4,350,000
Last Modified 4/25/25 6:29 AM

Nearby Transportation

  • Bus X49 < 0.1 mi
  • Bus 49 < 0.1 mi
  • Bus 72 < 0.1 mi
  • Bus 56 0.3 mi
  • Bus 73 0.5 mi
  • Bus 94 0.5 mi
  • Bus 50 0.5 mi
  • Bus 70 0.5 mi
  • Bus 74 1.0 mi
  • Bus 9 1.0 mi
  • Bus X9 1.0 mi
  • Bus 66 1.0 mi
  • Bus 65 1.2 mi
  • Bus 82 1.2 mi
  • Union Pacific North 1.1 mi
  • Union Pacific Northwest 1.1 mi
  • Blue Line 0.4 mi
  • ZipCar 0.1 mi
  • I 90 East 0.9 mi
  • I 94 East 0.9 mi
  • I 90 West 1.0 mi
  • I 94 West 1.0 mi
  • I 290 West 2.4 mi
  • I 290 East 2.5 mi
  • I 55 North 4.4 mi
  • I 55 South 4.4 mi
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