For Sale
$390,000

4706-4708 Armitage Ave Chicago, IL 60639

Chicago Warehouse, $390K, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a prime Chicago warehouse property located at 4706-4708 W Armitage Avenue, in Cook County, Illinois, zip code 60639. The property consists of two buildings sharing a common wall, totaling approximately 8,600 square feet on an 8,600 square foot lot (50' x 125'). Each building features an overhead garage door, contributing to a combined approximate 5,500 square feet of garage space. Built in 1950, the property boasts high ceilings and is zoned C1-1. Currently leased to a long-term tenant under a month-to-month agreement at a monthly rent of $3,200, generating a substantial income stream. The property enjoys a highly desirable location, situated across from a Home Depot and one block east of the bustling Cicero Avenue and Grand Avenue business district. Its proximity to the Chicago Transit Authority train station at 1833 W. Grand Avenue provides excellent accessibility. The central location offers easy access to major roadways, interstates, and O'Hare International Airport. The property's two APNs are 13341250370000 and 13341250380000. Annual real estate taxes for 2023 were $22,317. This is a rare chance to acquire a well-located, income-producing warehouse property in a thriving Chicago neighborhood. The asking price is $390,000.

Highlights

  • $390,000 asking price for an 8,600 SF commercial land property in Chicago, IL.
  • 8,600 SF lot with two 1950-built buildings totaling approximately 8,700 SF.
  • Located across from Home Depot, one block from Cicero Ave and Grand Ave.
  • Gross lease in place with a long-term tenant at $3,200/month.
  • High ceilings, two overhead garage doors, and C1-1 zoning.

Property Details for 4706-4708 Armitage Ave

Property type
Specialty properties, Land
Square Feet
8,600 SF
Year Built
1950
Units
2

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9171942
Longitude
-87.7440546

FAQs

What type of property is this?
Specialty property - Chicago Warehouse, $390K, High ROI
Where is the specialty property located?
The property is located at 4706-4708 Armitage Ave Chicago, IL.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: $390,000 asking price for an 8,600 SF commercial land property in Chicago, IL.; 8,600 SF lot with two 1950-built buildings totaling approximately 8,700 SF.; Located across from Home Depot, one block from Cicero Ave and Grand Ave.
How can I contact the broker?
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4706-4708 Armitage Ave
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