New Listing
2709 N Austin Avenue,Chicago, IL 60639
Chicago, IL 60639
Description
Finding any storefront space on such a busy corner of Belmont Cragin is rare, but one with 33 feet of frontage elevates this property to unicorn status. In a neighborhood where rents climbed 15% last year, steps from Austin and Diversey, two CTA bus lines at the door and roughly 13,000 vehicles passing daily - sitting above three apartments with unlimited potential. Exceptional short and long-term upside for the investor running the value-add play or taking the flip. Particularly well-suited for the business owner ready to put their operation in the storefront and let the rents carry the mortgage - a live/work setup that rarely comes together this cleanly. Ground-floor storefront with full unfinished basement for additional storage or expansion that really benefits from the additional window space afforded by the extra frontage. Up one flight, a 3 bed/1 bath. The second floor has a 2 bed/1 bath and a 1 bed/1 bath. All the apartments are rented below market rates, providing an immediate opportunity plus tons of value-add potential through rehab. In back, that extra width shows up again, and this time it's felt through the additional yard space afforded even with a 2-car garage on-site. Full brick exterior with good bones and unlimited potential. Ground-floor storefront with full unfinished basement for additional storage or expansion that really benefits from the additional window space afforded by the extra frontage. Up one flight, a 3 bed/1 bath. The second floor has a 2 bed/1 bath and a 1 bed/1 bath. All the apartments are rented below market rates, providing an immediate opportunity plus tons of value-add potential through rehab. In back, that extra width shows up again, and this time it's felt through the additional yard space afforded even with a 2-car garage on-site. Full brick exterior with good bones and unlimited potential.
Details
| MLS # | 12773633 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1929 |
| Days On Site | 1 |
| Listing Provided By | Keller Williams ONEChicago | Scott Newman |
Features
| Story(s) | 3 |
|---|---|
| Units | 4 |
| Zoning | OTHER |
Interior
| Cooling | Window Unit(s) |
|---|
Utilities
| Electric | Circuit Breakers |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 4807.4 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60639 |
| Area | CHI Belmont Cragin |
| Listing VS Median (in 60639) | |
Price: $550,000 low | high Med: $410,000 On site: 1 low | high Med: 44 | |
Market Activity 60639
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60639 |
| Area | CHI Belmont Cragin |
| Listing VS Median (in 60639) | |
Price: $550,000 low | high Med: $410,000 On site: 1 low | high Med: 44 | |
