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1435 N Sedgwick Street,  Chicago IL, 60610

(Active)
$349,888
|
1,600 sqft
|
MLS# 10327020
1of
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Last Updated: 9/17/2019 3:59 AM
Description for 1435 N Sedgwick Street Chicago, IL 60610
Prime retail storefront in the heart of Old Town featuring 1,600 Sq Ft on the ground level. Also includes approximately 700 Sq Ft of basement storage space. Located within a residential condo building on a high traffic street, just south of North Avenue. Currently leased to a Mini Mart for $3,010/month with yearly increases (lease through 5/31/2022 with one 5-year renewal option). Great investment opportunity with 6% cap rate. Owner's expenses include property taxes, 1/3 of the building insurance, 1/3 of the building electric, and 1/3 of building water and sewer. High-density residential area with heavy foot traffic, directly across from Marshall Field Garden Apartments which houses 628 apartments. Steps away from schools like Catherine Cook School and Franklin Fine Arts Center. Near the famous comedy clubs, Second City & Zanies, along with numerous bars/restaurants. Walking distance from multiple CTA bus stops and the Sedgwick brown & purple "L" train stops.
Price
$349,888
Cook
1,600 (approx)
10327020
Active
Description
Prime retail storefront in the heart of Old Town featuring 1,600 Sq Ft on the ground level. Also includes approximately 700 Sq Ft of basement storage space. Located within a residential condo building on a high traffic street, just south of North Avenue. Currently leased to a Mini Mart for $3,010/month with yearly increases (lease through 5/31/2022 with one 5-year renewal option). Great investment opportunity with 6% cap rate. Owner's expenses include property taxes, 1/3 of the building insurance, 1/3 of the building electric, and 1/3 of building water and sewer. High-density residential area with heavy foot traffic, directly across from Marshall Field Garden Apartments which houses 628 apartments. Steps away from schools like Catherine Cook School and Franklin Fine Arts Center. Near the famous comedy clubs, Second City & Zanies, along with numerous bars/restaurants. Walking distance from multiple CTA bus stops and the Sedgwick brown & purple "L" train stops.
Listing Information
Property Type: Retail, 1 Story
1,600 (approx) 1
Other
Neighborhood
Room Information
Interior Features
Central Air
Forced Air
3
Exterior / Lot Features
None
25X102
RTAIL
Driving Directions
North Avenue to Sedgwick to property on left.
Financial Considerations
17042000900000
$12,088
Listing Price History
sourceMLS

Chicago Real Estate

Chicago is located in Illinois. Chicago, Illinois 60610 has a population of 2,744,016.

The median household income in Chicago, Illinois 60610 is $69,111. The median household income for the surrounding county is $49,964 compared to the national median of $49,877. The median age of people living in Chicago 60610 is 37 years.

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