Under Contract

616 W Patterson Avenue

Chicago IL, 60613

$1,800,000


$295.18 per sqft

Under Contract

6,098 sqft

Commercial

Built in 1925

Courtesy of Marcus & Millichap Chicago Apartment Brokers

616-618 West Patterson Avenue, located in the Lakeview neighborhood of Chicago, Illinois. The subject property contains six parcels, one of which is a duplex unit. There is also an additional janitor's unit in the garden unit. There are five three- bedroom units, one two-bedroom unit, and the duplex apartment has fivebedrooms. The zoning is RM-5 which provides a FAR of 2x and would permit the development of up to 15 residential units. Alternatively, significant upside could be realized through the modernization of the existing units. The subject property has an excellent Lakeview location directly off NorthBroadway, and less than a block from Halsted. The subject propertyis a two-minute walk to Chicago Transit Authority's (CTA) 36 bus stop,and a five-minute walk to CTA's 152 and 8 bus stops. This area hasan incredibly high foot traffic due to major retail tenants along withneighborhood bars and restaurants.

11929629

MLS ID

November 13, 2023

Listed

February 16, 2024

Updated

Map

616 W Patterson Avenue
Chicago IL, 60613

Interior Features

Total Stories

3


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.14 Acres

Other Property Details

Area Name

CHI - Lake View


Taxes

$36,396


Tax Frequency

Annually


Days on Market

87


Garage

No


View

No


County

Cook


Pool

No


Zoning

MULTI


Buyer Agency Compensation

2.5% MINUS $500

Listing History

Date

Event

Price

2/8/2024

Under Contract

2/7/2024

Under Contract

Courtesy of Marcus & Millichap Chicago Apartment Brokers, Stephen Rachman,
Listing Contact: 312-327-5400 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than The Lowe Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

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©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 12:55 AM UTC, 2/16/2024

 

 

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