Property Details

2459 W Armitage Ave, Chicago, IL 60647

$1,375,000

2459 W Armitage, Chicago

Property Type: For Sale

Description

2459 W Armitage Marketing Package

Brick building w/ 125′ of curb exposure has two retail spaces on the ground floor and two large apartments above (3BD/4BD). Corner exposure also presents signage opportunity for additional income. Residential units are leased to 2017 summer and newly rehabbed with SS appliances, granite counters, hardwood flooring, and refinished bathrooms. Both commercial tenants secured to 2019 with 3-5% annual increases. Separately metered where tenants pay their own utilities, and no landscaping expense for the building. Building has many improvements such as brand new windows throughout, as well as glassblock windows, and improvements to electrical, plumbing & central HVAC. Great location in Bucktown right on Armitage Ave and next to Milwaukee Ave; immediate access to CTA Western Blue Line and I-90/94 highway. Surrounded by lots of retail & commercial activity that attract plenty of foot traffic, and neighborhood is continuously improving.

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