4706-4708 Armitage Ave Chicago, IL 60639
- Specialty properties
- 8,600 SF
Current Use by Public Records
- Specialty properties
Property Details for 4706-4708 Armitage Ave
- Year built
- 1950
- Property size
- 8,600 SF
- Property type
- Specialty properties
- Property subtype
- Land
Description
This exceptional investment opportunity presents a prime Chicago warehouse property located at 4706-4708 W Armitage Avenue, in Cook County, Illinois, zip code 60639. The property consists of two buildings sharing a common wall, totaling approximately 8,600 square feet on an 8,600 square foot lot (50' x 125'). Each building features an overhead garage door, contributing to a combined approximate 5,500 square feet of garage space. Built in 1950, the property boasts high ceilings and is zoned C1-1. Currently leased to a long-term tenant under a month-to-month agreement at a monthly rent of $3,200, generating a substantial income stream. The property enjoys a highly desirable location, situated across from a Home Depot and one block east of the bustling Cicero Avenue and Grand Avenue business district. Its proximity to the Chicago Transit Authority train station at 1833 W. Grand Avenue provides excellent accessibility. The central location offers easy access to major roadways, interstates, and O'Hare International Airport. The property's two APNs are 13341250370000 and 13341250380000. Annual real estate taxes for 2023 were $22,317. This is a rare chance to acquire a well-located, income-producing warehouse property in a thriving Chicago neighborhood. The asking price is $390,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7441
- Latitude
- 41.9172
