3159 N California Avenue
€4,825,013
Joyce Gallo/Christie's International Real Estate
Property features
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Property description
Amazing location on 3 major corners (Belmont, California and Elston Avenue). Nine total apartment units: Each enjoys their own roof deck and there is a common roof deck for the tenants. Each apartment and each store pay their own and have individual forced air conditioning and heat units. There is a 19 car shared parking lot adjoining the properties. The properties are meticulously cleaned and well kept. Tenants are long time tenants. Incredible land square footage with numerous car count passing each street every day on all 3 of these major streets. Corner building is 18,812 square feet with 159 linear feet on Belmont Avenue. 3173 Elston Avenue is 4,500 square foot lot with a 4,200 square foot 1 story brick building under a triple net lease. There are 7 stores, 9 apartments plus income from a rooftop sign. Lots of growth potential as present rental rates are under market value and there is great opportunity to add value and increase apartment rents. The properties are in excellent condition but will be sold \"as is where is. The sale would be subject to a \"1031 Exchange\". Same ownership for over 55 years. Financial information available on request. Proof of funds required on all offers. The properties will not be divided. Confirmed showings only. 3159 N California Avenue, Chicago, Illinois, United States
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