Listed by Baum Realty Group
$1,600,000
2712-2714 W North Ave
Details
Property Type Mixed Use
Sub Type Retail
Square Footage 8,600
Units 7
Pro-Forma Cap Rate 9.43%
Pro-Forma NOI $150,919
Price per SqFt $186
Year Renovated 2024
Lot Size (SqFt) 8,000
Zoning B3-2
Value-Add Mixed-Use Opportunity | Mixed Use | 8,600 SqFt
Marketing description
Well located mixed-use building with significant value-add potential
Recently gut renovated commercial space is column-free and lends itself to a multitude of potential uses
In-place B3-2 zoning allows for the conversion of two (2) additional ground floor dwelling units with the procurement of a special use permit (no zoning change needed)
Current apartment rents are below market
North Avenue location in E. Humboldt Park is in the path of progress and conveniently accessible via public transit
Listing Contacts
Listed by Baum Realty Group
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