840 W Grand Avenue Chicago, IL ^$ 1,417,500

840 W Grand Avenue

^$ 1,417,500

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New Construction

840 W Grand Avenue

Chicago, IL, 60642

^$ 1,417,500

Studio Baths0.0 Sq 6,243

Monthly Estimate*

^$ 9,421

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840 W Grand Avenue, Chicago, IL 60642 - Image 9

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Studio

Commercial Property for sale in Chicago, IL

for $1,417,500. This 6,243 square foot building was built in 1913 on a lot size of 0.070983.

The subject property is located at 838-840 West Grand Ave., Chicago, IL 60642 (the "Property"). This is an urban mixed-use investment located in Chicago's dense and affluent River West neighborhood. The subject property is zoned DX-3 and situated in a mixed commercial and residential city setting. Featuring a two-story building, 6,243 SF GLA, 3,092 SF (76.74 x 40.29) lot, and 4 plus car parking. The latest neighborhood investments such as new construction condos/rentals, restaurants, nightlife, supermarkets have steadily brought in new homeowners and tenants to this thrilling neighborhood of Chicago. The subject property presents the unique opportunity to acquire a stand-alone building in Fulton Market District. This is an excellent investment and potential future development opportunity.

Commercial Contingent

Price

^$ 1,417,500

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 24,131

Style

Office

Lot Size

0.070983

Year Built

1913

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11362908

Features

General

Cooling Window Unit(s)

Possession Closing

Roof Rubber

Zoning COMMR

Construction Materials Brick

Year Built 1913

Electric Circuit Breakers

Tenant Pays Electricity

Stories 3

Township West Chicago

Property SubType Apts/Ofc/Store Apts/Ofc Apts/Stores Ofc/Store

Tax Year 2021

Current Use Office

Gross Income 45600

County Cook

Insurance Expense 0

Property Type Commercial Sale Mixed Use

Contingency Attorney/Inspection

Possible Use Commercial Condominium Office and Research Development Multi-Family Retail

Status Contingent

Directions On Grand One Block West of Halsted

City Chicago

NumberOfUnitsTotal 6

MLS Area CHI - West Town

Lot Size Square Feet 3092

Street Name Grand

Tax Annual Amount 24131

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Virtual Tour https://tours.vht.com/BWI/T434238526/nobranding

Days on Market 742

Standard Status Active Under Contract

Exterior

Foundation Details Concrete Perimeter

Building Area Total 6243

Lot Dimensions 76.74X40.29

Frontage Type City Street

Exterior Brick

Interior

Street Suffix Avenue

* Excluded Features

List By

Baird & Warner

Broker

wesley.jonberg@bairdwarner.com

Affordability Calculator

$11,432

Per Month

Monthly Principal & Interest: $9,421
Monthly Property Taxes: $2,011
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$852,833

Percent of Sale Price 40%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/2/2023	$1,417,500	-10.00%	Price Down
10/27/2022	$1,575,000	-9.90%	Price Down
4/1/2022	$1,748,000		Listed Price

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840 W Grand Avenue, Chicago, IL, 60642 is a Commercial Property for sale at $1,417,500 with 6,243 sqft and a lot size of 0.070983. 840 W Grand Avenue is a studio with 0.0 baths and was built in 1913. The property's zip code is 60642 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 6/10/2024.

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840 W Grand Avenue

Commercial Property for sale in Chicago, IL

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