6052 Grand AveChicago, IL 60639

  • Residential income properties
  • 2,410 SF
For Sale
$935,000 View listing

Property Details for 6052 Grand Ave

Year built
1928
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.09 AC
Property size (Sq ft)
2,410 SF
Property type
Residential income properties
Property subtype
Residential income homes
APN
13-32-108-012
APU
1332108012

Description

This exceptional Chicago property at 6052-56 W Grand Ave offers a unique blend of commercial and residential space, ideal for owner-users. The 13,000 square foot lot, comprised of four city lots, is zoned C1-1 and features three buildings. A substantial 4,000 square foot warehouse boasts high ceilings and three 11-foot-high overhead drive-in doors, perfect for equipment storage and various industrial uses. Adjacent to the warehouse is a brick three-car garage accessible from the alley. A two-flat building provides additional income potential

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $899,558
    6.5%
    $830,361
    7%
    $771,050
  • Comparable approach

    Method
    Valuation
    Relative Method
    $486,549
    Geo Method
    $486,549
  • Alternative Use

    Use
    Valuation
    Residential
    $830,361
    Hospitality
    $760,606
    Educational
    $632,815
    Medical
    $654,579
    Retail
    $984,380
6052 Grand Ave, Chicago, Illinois

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9212
Longitude
-87.7776
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$3,436
$5,859
$10,845
$16,704
-
$58,590
$108,450
$167,040

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