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$ 2,945,000
Est. payment | /mo
7,600 SqFt
$ 2,945,000
Est. payment | /mo
7,600 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,600 sqft
Price per Sqft $387
MLS Listing ID 12747228
Year Built 1916
Annual Tax Amount $49,562
Tax Year 2025
Lot Dimensions 32.5X200
Property Sub-Type Mixed Use
Property Description
Triton Realty Group presents 3124 N. Broadway, a five (5) unit mixed-use investment on the Broadway retail corridor in premier Lakeview East. The 3,800 SF ground-floor storefront is occupied by Oak & Honey, an established bakery and bistro under lease through September 2029 at $32.00/SF, secured by two absolute personal guaranties with two five-year renewal options extending term to 2039. Four 900 SF two-bedroom/one-bath apartments, renovated in 2020, offer hardwood floors, custom fixtures, stainless-steel appliances, in-unit laundry, and individual central HVAC. All units are separately metered and the commercial tenant reimburses $29,233 annually in tax, insurance, and utility recoveries. Five rear parking spaces. Fully occupied with contractual rent growth and upside.
Location
State IL
County Cook
Area Chi - Lake View
Interior
Cooling Central Individual
Flooring Wood
Fireplace N
Building
Dwelling Type Mixed Use
Structure Type Brick
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Listed by Matthew Fritzshall of Triton Realty Group LLC