Corcoran Urban Real Estate
$0 to $5,000,000
Any Beds
Any Baths
For Sale
57 Properties Within 0.5 miles of: 2321 W North, Chicago

2321 W North
Chicago, IL 60647

  • 6 Beds
  • Built In 1910
Price

$1,370,000

Taxes
$15,428  
Beds
6  
Rooms
16  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
24 X 124.6  
Built
1910  
Neighborhood
Wicker Park  
MLS
#11307177
Status
Sold (3/18/2022)

Property Description

Fully-leased 3-unit building located in Wicker Park / Bucktown offered at a 6.4% Cap Rate. The building was gut rehabbed in 2014 with new mechanicals, electrical (400A), plumbing (all copper supply with new 2" service, new cast iron drains), windows, updated masonry, steel decks, roof newly coated, etc. The retail space is leased to Chicago Plants, an Amazon-resistant business that has boomed during COVID. The retail space has an open layout, high ceilings (12'), wood floors, exposed brick, ADA entry and ADA bathroom, and a partially-finished basement. Retail tenant is in a 5-year NNN lease (exp 11/2025) with 2.5% annual bumps and responsibility for 50% (Tenant's proportionate share) of all taxes, insurance and building expenses. The lease includes one renewal option with a 4% rent bump then 2.5% annual increases. The 2nd and 3rd floors are modern 3BR/2BA apartments with luxury finishes. The property features a landscaped patio, masonry garbage enclosure, security fence, camera system and six tandem parking spaces. Building area includes full, partially-finished, dry basement.

Property Map

Property Details

Utilities

  • Heating Natural Gas
  • Cooling
  • Water Public
  • Sewer Public Sewer

Additional Information

Parking
6 Parking Spaces, Assigned, Off Alley, Owned, Parking included in price
Schools
District 299

Payment Calculator

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

Listing History

01-19-2022 Listed at $1,399,000
01-24-2022 Status changed to Under Contract
04-04-2022 Status changed to Closed
03-18-2022 Sold at $1,370,000
Last Modified 4/4/22 3:16 PM

Nearby Transportation

  • Bus 72 < 0.1 mi
  • Bus X49 0.1 mi
  • Bus 49 0.1 mi
  • Bus 56 0.3 mi
  • Bus 50 0.4 mi
  • Bus 70 0.5 mi
  • Bus 73 0.5 mi
  • Bus 94 0.6 mi
  • Bus 9 0.9 mi
  • Bus X9 0.9 mi
  • Bus 66 1.0 mi
  • Bus 74 1.0 mi
  • Bus 65 1.2 mi
  • Union Pacific North 1.0 mi
  • Union Pacific Northwest 1.0 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 2.3 mi
  • I 290 East 2.4 mi
  • I 55 North 4.3 mi
  • I 55 South 4.3 mi
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