2615 W North Ave Chicago, IL 60647
Fully leased mixed-use building with income growth and recent upgrades.
Building Details
- Year built
- 1906
Source:
Corcoran
Listing Agent: Dawn Lynch
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
West Town Mixed-Use Building
This fully leased mixed-use building is located in West Town/Humboldt Park. The property features two updated apartments, one with three bedrooms and one bathroom, and the other with four bedrooms and one bathroom. A restaurant is a long-term tenant through 2028. The apartments include modern kitchens and bathrooms, in-unit laundry, hardwood floors, and outdoor space. The restaurant lease incorporates annual rent increases starting in 2026, along with reimbursement of 30% of property taxes and 70% of water, sewer, and trash expenses. Recent upgrades include a new roof in 2020, a parking pad, a deck, foundation work, and a sump pump. The projected gross income for 2025 is $91,968, with a projected gross income of $97,537 for 2026. The property is located steps from the 606, parks, dining, and the Blue Line.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
1492 Cuban Fusion ...
Cuban Restaurant
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.69278
- Latitude
- 41.909973
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FAQs
What type of property is this?
Mixed-use property - Fully leased mixed-use building with income growth and recent upgrades.
Where is this mixed-use property located?
The property is located at 2615 W North Ave Chicago, IL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: - Fully leased mixed-use building with a long-term restaurant tenant through 2028 and two updated apartments.; - Strong income potential: $91,968 gross income (2025) projected to $97,537 (2026) with built-in rent growth.; - Restaurant lease includes annual rent increases starting in 2026, plus reimbursement of property taxes and utilities.