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2301 W Chicago Avenue

Chicago, IL 60622
  • $1,950,000
  • STATUS: Active
  • ON SITE: 125 Days
  • MLS #: 12280215
UPDATED: 27 min ago
$1,950,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1883
County:
Area:

School Ratings & Info

Description

Amazing opportunity to own a fully renovated in 2017, mixed-use corner building in hot West Town/Ukrainian Village. This high-visibility corner property offers a 7% cap rate. It is ideal for an owner-operator or investor looking for strong rental potential in one of Chicago's most sought-after neighborhoods. Please note - the rents are below market rates. The property is easily recognizable thanks to the eye-catching mural on its exterior wall, which pays homage to the local culture. The commercial space features the original black bamboo-accented bar and an industrial-chic aesthetic, with exposed ductwork and black ceilings. This versatile space benefits from excellent foot traffic and visibility due to its high-exposure corner location. The property includes four highly desirable 2-bedroom residential units with hardwood floors throughout, open-concept layouts, and high ceilings. Each unit features modern kitchens with white shaker cabinets, quartz countertops, stainless steel appliances, and herringbone subway tile backsplashes. Designer lighting, including fun chandeliers and pendant fixtures, enhances the contemporary vibe. The bathrooms are fitted with brass fixtures and subway tile. Situated in the heart of West Town, this property offers convenient access to public transportation, making it a prime location for residents and businesses. Contact us today for more details or to schedule a private tour!

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© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene & Marjorie Allabastro Team | Baird & Warner. Based on information submitted to the MRED as of 2025-06-12T20:07:48.913 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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2301 W Chicago Avenue Chicago, IL 60622

  • Price: $1,950,000
  • Status: Active
  • On Site: 125 Days
  • Updated: 27 min ago
  • MLS #: 12280215
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1883
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
Amazing opportunity to own a fully renovated in 2017, mixed-use corner building in hot West Town/Ukrainian Village. This high-visibility corner property offers a 7% cap rate. It is ideal for an owner-operator or investor looking for strong rental potential in one of Chicago's most sought-after neighborhoods. Please note - the rents are below market rates. The property is easily recognizable thanks to the eye-catching mural on its exterior wall, which pays homage to the local culture. The commercial space features the original black bamboo-accented bar and an industrial-chic aesthetic, with exposed ductwork and black ceilings. This versatile space benefits from excellent foot traffic and visibility due to its high-exposure corner location. The property includes four highly desirable 2-bedroom residential units with hardwood floors throughout, open-concept layouts, and high ceilings. Each unit features modern kitchens with white shaker cabinets, quartz countertops, stainless steel appliances, and herringbone subway tile backsplashes. Designer lighting, including fun chandeliers and pendant fixtures, enhances the contemporary vibe. The bathrooms are fitted with brass fixtures and subway tile. Situated in the heart of West Town, this property offers convenient access to public transportation, making it a prime location for residents and businesses. Contact us today for more details or to schedule a private tour!
Exterior Features

Foundation Details Concrete Perimeter Frontage Type City Street Roof Structure Flat

Interior Features

Cooling Central Air Flooring WoodOther Heat Ventilation Forced AirGas Miscellaneous Inside Private Restroom/sPublic Restroom/sSkylight/s

Property Features

Additional Parcels YN No Approximate Age New Rehab Building Area Total 6556 Built Before1978 YN Yes Electric Circuit Breakers Fire Protection NoneCarbon Monoxide Detector(s) Geographic Locale Chicago West Gross Income 167700 Gross Scheduled Income 167700 Insurance Expense 8000 Location CornerMixed Use AreaHigh Traffic Area Mls Actual Status Active Net Operating Income 134936 Operating Expense 15499 Possible Use Commercial Property Sub Type Mixed Use Rental Price 0 Seller Needs New Opportunity Tax Annual Amount 17265.56 Tax Year 2023 Total Monthly Income 13975 Township West Chicago Type Mixed Use Utilities Electricity AvailableNatural Gas AvailableSewer ConnectedWater Available

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of Jameson Sotheby's Intl Realty: 312-751-0300.


© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene & Marjorie Allabastro Team | Baird & Warner. Based on information submitted to the MRED as of 2025-06-12T20:07:48.913 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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