1962 Bissell Street

    Chicago, IL 60614
    • $2,100,000
    • STATUS: Active
    • ON SITE: 174 days
    • MLS #: 10552328
    $2,100,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,080
      SQFT
    • $297
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1917
    County:

    School Ratings & Info

    Description

    Location, Location, Location! Prime Mixed-Use / Commercial opportunity in the heart of Lincoln Park. Three floors of independent wide open spaces provide any future owner or tenant a blank slate to transform this unique property into exactly what is desired. Proximity to CTA including Armitage Brown Line and Halsted bus routes. The area boasts a healthy abundance of street level pedestrian traffic and medium to high end retail, restaurants, bars and quick dine. Four dedicated car spots for tenants, and plenty of street parking for patrons, guests. Street parking directly in front of building currently being re-zoned for loading access to facilitate access. Existing below market rents support attractive cap rates. Perfect for owner / occupant / operator. First and second floors have the ability to be re-partitioned for practical use as office space, clinic, retail store, restaurant, etc. Please inquire for specifics.

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    © 2020 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 Baz Network | Keller Williams Elite. Based on information submitted to the MRED as of 2020-04-09T23:49:29.947 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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    www.bazrealtynetwork.com/homes/100114651

    1962 Bissell Street Chicago, IL 60614

    • Price: $2,100,000
    • Status: Active
    • MLS #: 10552328
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,080
    SQFT
    $297
    $/SQFT
    1917
    Built
    Neighborhood:
    Chi - Lincoln Park
    County:
    Cook
    Area:
    Chi - Lincoln Park
    Property Description
    Location, Location, Location! Prime Mixed-Use / Commercial opportunity in the heart of Lincoln Park. Three floors of independent wide open spaces provide any future owner or tenant a blank slate to transform this unique property into exactly what is desired. Proximity to CTA including Armitage Brown Line and Halsted bus routes. The area boasts a healthy abundance of street level pedestrian traffic and medium to high end retail, restaurants, bars and quick dine. Four dedicated car spots for tenants, and plenty of street parking for patrons, guests. Street parking directly in front of building currently being re-zoned for loading access to facilitate access. Existing below market rents support attractive cap rates. Perfect for owner / occupant / operator. First and second floors have the ability to be re-partitioned for practical use as office space, clinic, retail store, restaurant, etc. Please inquire for specifics.
    Exterior Features

    Construction BrickConcrete Frontage Access City Street Location Central Business DistrictCornerMixed Use AreaPark AdjacentPublic Transport Avail Lot Dimensions 51' X 75' Lot Sq Ft 3406 Number Of Parking Spaces 4

    Interior Features

    Air Conditioning Central Air Fire Protection Carbon Monoxide Detector(S) Number Of Apts 1 Number Of Dishwashers 1 Number Of Disposals 1 Number Of Dryers 2 Number Of Fireplaces 0 Number Of Offices 0 Number Of Ranges 1 Number Of Refrigs 1 Number Of Stores 2 Number Of Stories 3 Number Of Washers 2 Outdoor Parking 1-5 Spaces

    Property Features

    Age New Rehab Built Before1978 YN Yes Current Use CommercialCondominium Electric Expense Source Actual Electrical Service Circuit Breakers201-600 Amps Electricity Expense 3912 Expense Year 2018 Exterior Building Type Brick Fuel Expense 607 Fuel Expense Source Actual Geographic Locale Chicago North Gross Rental Income Amount 210000 Heat Ventilation Forced AirGas Insurance Expense 3800 Insurance Expense Source Actual Lease Type Modified Gross Net Oper Income Amount 159353 Net Operating Income Year 2018 Number Of Tenants 3 Number Of Window Ac 0 Other Expense Source Broker Projection Other Expenses 2200 Owners Assoc YN No Potential Use CommercialConditional UseCondominiumOffice And ResearchResidential-Multi-FamilyResidential-Single FamilyRetail Rental Price 30 Seller Will Will Divide Tax Year 2018 Taxes 39997 Tenant Pays ElectricHeatJanitorialVaries By Tenant Total Annual Exp 50674 Total Annual Expense Source Broker Projection Total Annual Income 210000 Total Monthly Income 17500 Township North Chicago Unincorporated YN No Washer Dryer Lsd YN No Water Expense 996 Water Expense Source Broker Projection Zoning Type Commr

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Baird & Warner.


    © 2020 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 Baz Network | Keller Williams Elite. Based on information submitted to the MRED as of 2020-04-09T23:49:29.947 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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