5201 N HARLEM Avenue, CHICAGO IL 60656 Photo 1 5201 N HARLEM Avenue, CHICAGO IL 60656 Photo 2 5201 N HARLEM Avenue, CHICAGO IL 60656 Photo 3 5201 N HARLEM Avenue, CHICAGO IL 60656 Photo 4 5201 N HARLEM Avenue, CHICAGO IL 60656 Photo 5 5201 N HARLEM Avenue, CHICAGO IL 60656 Photo 6 5201 N HARLEM Avenue, CHICAGO IL 60656 Photo 7 5201 N HARLEM Avenue, CHICAGO IL 60656 Photo 8 5201 N HARLEM Avenue, CHICAGO IL 60656 Photo 9 5201 N HARLEM Avenue, CHICAGO IL 60656 Photo 10 5201 N HARLEM Avenue, CHICAGO IL 60656 Photo 11 5201 N HARLEM Avenue, CHICAGO IL 60656 Photo 12 5201 N HARLEM Avenue, CHICAGO IL 60656 Photo 13 5201 N HARLEM Avenue, CHICAGO IL 60656 Photo 14 5201 N HARLEM Avenue, CHICAGO IL 60656 Photo 15
Listing Courtesy of Auction Works

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5201 N HARLEM Avenue - Online Auction: November 14-16, 2016; $495,000 is suggested opening bid not asking price; reserve price is higher. Investment opportunity approx. 6,000 sf solid brick and stone building with great exposure on the northeast corner of Harlem Avenue and Foster. 90% leased. New air conditioner 2015; new boiler 1998; updated electric; remodeled bathrooms; roof resurfaced 2003; newer ceramic tile entry foyer; newer landscaping & shrubbery.

Listing information

  • MLS® ID: 09332351
  • Status: Active
  • New Construction: No
  • Lot Size: 30X120
  • Style: Office
  • Stories: 2
  • Foreclosure: No
  • Estimated Annual Taxes: $6,428
  • Year Built: 1965
  • Parking Type Description: None 0 cars
  • Lot Area: 0.08
  • County: Cook

Features

Air Conditioning Central Air
Approximate Age 36-50 Years
Backup Info Existing Survey, Floor Plans and Specs, Rent Roll
Built Before 1978 (Y/N) Yes
Construction Brick, Stone
Current Use Office and Research
Docks None
Electrical Service 201-600 Amps, Circuit Breakers
Exterior Building Type Brick, Stone
Extra Storage Spaces Available (Y/N) No
Fire Protection Fire Extinguisher/s
Floor Finish Carpet
Foundation Concrete
Franchisor Feed(y/n) No
Frontage/Access City Street
Geographic Locale Chicago Northwest
Heat/Ventilation Central Bldg Heat, Forced Air, Hot Water
Information Listing Agent Must Accompany
Investment (Y/N) Yes
Known Encumbrances First Mortgage
Location Corner, Mixed Use Area, Public Transport Avail
Misc Inside Multi-Tenant, Public Restroom/s
Misc Outside Enclosed Stairs
Other # Of Drive In Doors - 0, # Of Tenants - 8, # Of TL Docks - 0, # Of Units - 11, Approx Total Bldg Sq Ft - 6000, Expense Year - 2015, Gross Rentable Area - 6000, Gross Rental Income $ - 77580, Net Oper Income $ - 53617, Net Operating Income Year - 2015, Net Rentable Area - 6000, Tax Year - 2015, Total Annual Exp - 23963, Total Annual Income - 77580, Total Monthly Income - 6465, Township - Jefferson, Zoning Type - Commr
Outdoor Parking 1-5 Spaces
Ownership Type Individual
Potential Use Commercial, Office and Research
Property Offered For Sale Only
Property Type Office/Tech
Roof Coverings Membrane
Roof Structure Flat
Tenant Pays Other, Varies by Tenant
Unincorporated (Y/N) No
Utilities To Site Electric to Site, Gas to Site, Sanitary Sewer to Site, Water to Site, Water-Municipal
Water Drainage Storm Sewers
Listing Courtesy of Auction Works