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4242 N Elston Avenue

Chicago, IL 60618
  • $2,750,000
  • STATUS: Active Under Contract
  • ON SITE: 146 Days
  • MLS #: 11700638
Under Contract
UPDATED: 42 min ago
$2,750,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1919
County:

School Ratings & Info

Description

Available for purchase for the first time in over 37 Years this well taken care of Warehouse/Flex building in the Irving Park neighborhood of Chicago has been occupied by a long-term single tenant with prospective new ownership having the ability to continue with leasing the property or become an owner/user when lease expires in May, 2024. Consisting of almost 20,000 sq ft of Office and Warehouse space under roof, the property also is paired with a nearby gated side lot (approx. 3,000 sq ft) for employee parking. Two large (13') Overhead doors allow access from Elston with drive-thru capability to exit straight south to Berteau Ave or vice-versa. Currently used as a secured truck garage & storage there is approx. 15,625 sq ft of space on the first floor with 12,500 sq ft of warehouse and the remaining 3,125 sq ft consisting of office space. Additionally, there is another 4000 sq' of executive office space on the second floor with it's own entrance and exit and not part of the lower level of parking and other offices so this could potentially be used for other purposes.

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© 2023 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 Jasinski Home Team | Berkshire Hathaway HomeServices Chicago. Based on information submitted to the MRED as of 2023-06-09T11:00:51.527 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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4242 N Elston Avenue Chicago, IL 60618

  • Price: $2,750,000
  • Status: Active Under Contract
  • On Site: 146 Days
  • Updated: 42 min ago
  • MLS #: 11700638
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1919
Built
Neighborhood:
Chi - Irving Park
County:
Cook
Area:
Chi - Irving Park
Property Description
Available for purchase for the first time in over 37 Years this well taken care of Warehouse/Flex building in the Irving Park neighborhood of Chicago has been occupied by a long-term single tenant with prospective new ownership having the ability to continue with leasing the property or become an owner/user when lease expires in May, 2024. Consisting of almost 20,000 sq ft of Office and Warehouse space under roof, the property also is paired with a nearby gated side lot (approx. 3,000 sq ft) for employee parking. Two large (13') Overhead doors allow access from Elston with drive-thru capability to exit straight south to Berteau Ave or vice-versa. Currently used as a secured truck garage & storage there is approx. 15,625 sq ft of space on the first floor with 12,500 sq ft of warehouse and the remaining 3,125 sq ft consisting of office space. Additionally, there is another 4000 sq' of executive office space on the second floor with it's own entrance and exit and not part of the lower level of parking and other offices so this could potentially be used for other purposes.
Exterior Features

Outdoor Parking 6-12 Spaces Parking Total 9

Interior Features

Cooling Office Only Heat Ventilation Ceiling UnitsForced Air Number Of TLDocks 0

Property Features

Additional Parcels YN Yes Approximate Age Older Building Area Total 19750 Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show No - Has Seller Written Direction Electric Other Fire Protection Fire Extinguisher/SSprinklers-Wet Geographic Locale Downtown Chicago Gross Income 222997 Gross Scheduled Income 222997 Leasable Area 19750 Mls Actual Status Contingent Net Operating Income 182440 Number Of Tenants 1 Operating Expense 40557 Property Offered For Sale Only Tax Annual Amount 38512 Tax Year 2020 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceScavengerSewer Type Industrial Zoning Commr

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Jameson Commercial: 312-216-8000.


© 2023 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 Jasinski Home Team | Berkshire Hathaway HomeServices Chicago. Based on information submitted to the MRED as of 2023-06-09T11:00:51.527 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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