4706-4708 Armitage AveChicago, IL 60639

For Sale
$390,000

Chicago Warehouse, $390K, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a prime Chicago warehouse property located at 4706-4708 W Armitage Avenue, in Cook County, Illinois, zip code 60639. The property consists of two buildings sharing a common wall, totaling approximately 8,600 square feet on an 8,600 square foot lot (50' x 125'). Each building features an overhead garage door, contributing to a combined approximate 5,500 square feet of garage space. Built in 1950, the property boasts high ceilings and is zoned C1-1. Currently leased to a long-term tenant under a month-to-month agreement at a monthly rent of $3,200, generating a substantial income stream. The property enjoys a highly desirable location, situated across from a Home Depot and one block east of the bustling Cicero Avenue and Grand Avenue business district. Its proximity to the Chicago Transit Authority train station at 1833 W. Grand Avenue provides excellent accessibility. The central location offers easy access to major roadways, interstates, and O'Hare International Airport. The property's two APNs are 13341250370000 and 13341250380000. Annual real estate taxes for 2023 were $22,317. This is a rare chance to acquire a well-located, income-producing warehouse property in a thriving Chicago neighborhood. The asking price is $390,000.

Highlights

  • $390,000 asking price for an 8,600 SF commercial land property in Chicago, IL.
  • 8,600 SF lot with two 1950-built buildings totaling approximately 8,700 SF.
  • Located across from Home Depot, one block from Cicero Ave and Grand Ave.
  • Gross lease in place with a long-term tenant at $3,200/month.
  • High ceilings, two overhead garage doors, and C1-1 zoning.

Property Details for 4706-4708 Armitage Ave

Property type
Other specialty properties, Other land
Square Feet
8,600 SF
Year Built
1950
Units
2

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.9171942
Longitude
-87.7440546
4706-4708 Armitage Ave, Chicago, Illinois

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
4706-4708 Armitage Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message