1750 Springfield AveChicago, IL 60647

  • Industrial properties
  • 33,000 SF
For Sale
$3,250,000 View listing

Property Details for 1750 Springfield Ave

Year built
1930
Lot size
0.65 AC
Property size (Sq ft)
33,000 SF
Property type
Industrial properties
APN
13-35-316-021
APU
1335316021

Description

This exceptional 33,203-square-foot industrial building in Chicago, Illinois, presents a unique investment opportunity. Located at 1750 N Springfield Ave, in Cook County, zip code 60647, this property boasts a desirable northwest location at the intersection of Logan Square, Hermosa, and Humboldt Park neighborhoods. Its strategic placement is further enhanced by its adjacency to The 606's western trailhead. The building is zoned M1-1 and features a 12-foot ceiling height, creating a versatile and spacious interior. The structure itself is a barrel truss building with minimal columns, offering a flexible layout ideal for various uses, including distribution, warehousing, and manufacturing. High-end finishes, exposed brick, and abundant natural light throughout the workshop and showroom areas create a modern and inviting atmosphere. The property includes a private parking lot with capacity for 25 or more vehicles, providing ample parking for employees and clients. The building is fully air-conditioned for year-round comfort. The 2023 property taxes were $41,406. This property is offered at an asking price of $3,250,000. This is a rare opportunity to acquire a well-maintained, strategically located industrial property in a thriving Chicago neighborhood.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $11,370,089
    Hospitality
    $10,414,940
    Educational
    $8,665,108
    Medical
    $8,963,114
    Retail
    $13,479,057
1750 Springfield Ave, Chicago, Illinois

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9131
Longitude
-87.7244
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
$36,798
$74,403
$104,504
$178,907
-
$297,612
$418,016
$715,628

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