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SOLD
$650,000
Date 07/07/2021

1047 N California Avenue
Chicago, IL 60622

Mixed Use, Business Opportunities
Commercial
0.071
Acre Lot
Courtesy: North Clybourn Group, Inc.
Agent Websites> Illinois> Chicago> 60622
Fantastic opportunity to own this beautiful Mixed-use, ALL BRICK, 3-unit building in the very walk-able California Corridor of Humboldt Park. Building was purchased with the intent of opening an artistic multi-use venue and was in the process of being redesigned but life ended up drawing owners to another state. Now it's time for your vision! The Vacant Storefront is a large space that runs the entire length of the building. Fresh drywall covers the 10ft high walls, 2 large separate rooms in back (perfect for stock rooms, privacy, fitting rooms, storage, etc.), a recently laid subfloor, and newly installed (basic) kitchen which includes a dishwasher and refrigerator is ready for your design. While there is no basement in this building, there is a newer washer/dryer in the enclosed 2nd floor porch that both rental units are free to use. At the rear of the storefront is a well sized, gated, private and bricked patio with two generous parking spots off the alley. The two rental units above are each 2-bedroom, 1 bath apartments with eat-in kitchens, comfortable living rooms and large inviting enclosed porches off the back. Both units are currently occupied at under market rents of $1100 and $1150 (unit #2 is MTM). All units have individual hot water heaters, Central air conditioning, and GFA heat. Right next door to Humboldt House, Lucys restaurant and walking distance to Spinning J's, Rootstock Wine & Beer, Adams and Sons Gardening, the stunning Humboldt Park Lagoon and so much more! Building is zoned B3-2 so new owner has plenty of options. Easy street parking, Public transportation easily accessible. $56K+ possible annual income, low operating expenses.
11052796
Mixed Use, Business Opportunities, 3+ Story
Cook
1898
0.071 Acres
3
Brick,Stone
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

Walk Score

Transit Score

Bike Score

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Courtesy: North Clybourn Group, Inc.
Listings courtesy of MRED as distributed by MLS GRID

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