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904 N California Ave Chicago, IL 60622

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For Sale
$1,399,000

Six-unit mixed-use building with commercial storefront and residential apartments.

Property Features for 904 N California Ave

General Information

Standard status
Active

Building Details

Year built
1900

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Listing Contact
Erin Feinerman
Erin Feinerman
Source: Corcoran

Listing Agency: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE Listing Agent: Erin Feinerman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Rehabbed Mixed-Use Building For Sale

This is a six-unit mixed-use building that was rehabbed in 2017. The property features one commercial storefront with a new 5-year modified gross lease, two 3-bed 1-bath apartments, and three 2-bed 1-bath contemporary apartments. Each apartment includes an eat-in kitchen, living room, and dining room. The building has a new front facade, hardwood floors, HVAC including A/C, central air/heat, and new light fixtures throughout, including ceiling fans. Individual hot water tanks and thermopane windows with mini blinds are installed. The basement includes a coin-operated washer/dryer and individual storage rooms. A security buzzer system is in place. The rear units have large new decks. The apartments are sunny and bright, featuring eat-in kitchens with custom cabinets and a stainless steel kitchen appliance package including a self-cleaning oven with convection, dishwasher, built-in microwave, and garbage disposal. Bathrooms include a modern vanity and medicine cabinet with modern lighting. There are 3 parking spaces available. The property is within walking distance to many bars and restaurants and close to the park, with an easy walk to Chicago Ave/Division St buses.
Location Intelligence

Current Use by Public Records

Brown Brothers Tattoo Tattoo & Piercing Shop

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Chicago
County
Cook
State
Illinois
Longitude
-87.6971341
Latitude
41.8976525

FAQs

What type of property is this?
Mixed-use property - Six-unit mixed-use building with commercial storefront and residential apartments.
Where is this mixed-use property located?
The property is located at 904 N California Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: - 8% Cap Rate - High return on investment.; - Rehabbed in 2017 - Modern updates and move-in ready condition.; - Mixed-Use Building - Features one commercial storefront with a new 5-year modified gross lease, providing immediate income.
More about this property
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