1240 Homan AveChicago, IL 60651

Property Details for 1240 Homan Ave

Year built

1951

Lot size

2.07 AC

Property size (Sq ft)

154,400 SF

Property type

Industrial properties

APN

16-02-224-006

APU

1602224006

Description

Monark Studios offers a unique blend of office, industrial, and flex space in Humboldt Park's vibrant M1-2 zoned area. This Cook County property comprises three interconnecting buildings totaling 150,000 square feet, originally constructed in stages between 1923 and 1960. The main structure, a 75,000 square foot wood mill loft building with a distinctive six-foot tower, boasts three floors and a rich history. Subsequent additions expanded the complex to its current size, creating a versatile space ideal for a variety of businesses. The property benefits from its proximity to the Chicago, Milwaukee & St. Paul Railroad, offering convenient access for freight. Currently, 22,604 square feet of space is available, divisible into units ranging from 745 to 5,200 contiguous square feet. Building amenities include a recently renovated lobby and common area, showcasing exposed brick and heavy timber aesthetics. Options for polished steel plate and hardwood flooring are available. The property also features abundant bathrooms, two freight elevators with loading docks, a parking deck with a heated driveway, and an outdoor communal patio. Convenient public transportation is nearby, with the Homan/Potomac bus stop just steps away. Each suite offers tenant-controlled climate. Four loading docks and two drive-ins further enhance the property's functionality. Elevators are available.

• Alternative Use

  Use

  Valuation

  Residential

  $53,198,232

  Hospitality

  $48,729,296

  Educational

  $40,542,200

  Medical

  $41,936,512

  Retail

  $63,065,648

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9041

Longitude

-87.7124

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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