MLS® ID: 10327020
1435 North Sedgwick Street
Chicago, Illinois, 60610 $349,888
Prime retail storefront in the heart of Old Town featuring 1,600 Sq Ft on the ground level. Also includes approximately 700 Sq Ft of basement storage space. Located within a residential condo building on a high traffic street, just south of North Avenue. Currently leased to a Mini Mart for $3,010/month with yearly increases (lease through 5/31/2022 with one 5-year renewal option). Great investment opportunity with 6% cap rate. Owner's expenses include property taxes, 1/3 of the building insurance, 1/3 of the building electric, and 1/3 of building water and sewer. High-density residential area with heavy foot traffic, directly across from Marshall Field Garden Apartments which houses 628 apartments. Steps away from schools like Catherine Cook School and Franklin Fine Arts Center. Near the famous comedy clubs, Second City & Zanies, along with numerous bars/restaurants. Walking distance from multiple CTA bus stops and the Sedgwick brown & purple "L" train stops.