1540 W North Avenue

Chicago, Illinois 60622

Calling all business owners, investors and developers!!! This perfectly located property is a mixed-use building (commercial/ residential) with lots of potential; zoned C1-2; lot size 25x125 (survey is available upon request). Street level floor offers an operational bar/restaurant with a full kitchen and a basement (equipment is included, not the inventory). Basement has storage and office space. It's currently leased till 3/14/2024; monthly rent is $4300. Tenant pays own utilities, except water. 2nd level offers 5 office spaces (currently vacant) which can also be deconverted to a 3 Bed/ 1 Bath apartment. It's already plumbed for water, gas and electrical. 3rd level boasts a 3 Bed /1 Bath apartment with 2 outdoor spaces. It's currently vacant and used to collect monthly rent of $2,500 a month with some TLC it can be increase. 3 parking spots are located in the back of the building. Excellent location, close to public transportation and 90/94. Surrounded by Audi Fletcher Jones, Mercedes-Benz of Chicago, Hyatt Place Hotel, MB Financial Bank, 5/3 Bank and North Ave/ Division. Seller is very motivated to find the buyer who is willing to buy the building Sold AS-IS and willing to deal with city violations. For developers all violations will go away with tearing down the building. Architectural plans are available for purchase at additional cost.