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904 N California Avenue Chicago, IL 60622

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For Sale
$1,399,000

Rehabbed mixed-use building with commercial storefront and residential units.

Type:Mixed Use
Property size:
1 SF
Added:
Oct 29, 2021
Days on Market:
1616
Last Refresh:
Mar 16 at 12:52 pm

Property Features for 904 N California Avenue

General Information

Standard status
Active
Size
1 SF
Property subtype
Mixed Use

Building Details

Year Built
1900

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Listing Contact
Ian Feinerman
Ian Feinerman

Listing agent Ian Feinerman License #475.124617

Listing office @properties Commercial

Listing date Oct 29, 2021

Source Crexi

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

All listing content including descriptions, pricing, images are the copyrighted material of @properties Commercial


Overview

Mixed-Use Building with Storefront

This mixed-use building, rehabbed in 2017, 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. The residential units include eat-in kitchens, living rooms, and dining rooms. The building has a new front facade, hardwood floors, HVAC including A/C, central air/heat, new light fixtures throughout including ceiling fans, individual hot water tanks, thermopane windows with mini blinds, a security buzzer system, and large new decks for rear units. The sunny and bright eat-in kitchens feature custom cabinets and stainless steel appliances, including a self-cleaning oven with convection, dishwasher, built-in microwave, and garbage disposal. Bathrooms include modern vanities and medicine cabinets with modern lighting. Additional amenities include a coin-operated washer/dryer in the basement, individual storage rooms, and 3 parking spaces. The property is within walking distance to bars and restaurants and close to the park, with an easy walk to Chicago Ave/Division St Buses. It is not located in the NW Side Ordinance Zone.
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 - Rehabbed mixed-use building with commercial storefront and residential units.
Where is this mixed-use property located?
The property is located at 904 N California Avenue 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 - Commercial storefront provides diversified income stream.
More about this property
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