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Garrett Johnson

homesbygarrett@gmail.com +1(847) 337-1157

$2,050,000

Est. payment - /mo

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12528262

Year Built 1890

Annual Tax Amount $36,329

Tax Year 2024

Lot Dimensions 50X100

Property Sub-Type Mixed Use

Property Description

This is an income-producing, mixed-use investment opportunity with a projected NOI of $148,318. The highly desirable historical River North property is adjacent to the highly acclaimed Tao restaurant and consists of five units, billboard income, and a shared outdoor garden patio. The property benefits from favorable remaining lease terms, an opportunity for short-term rental management or to convert STR unit(s) back to traditional residential apartment, and favorable DX-5 zoning permitting a variety of uses. Recent upgrades include a completely updated 3rd floor completed in 2025 and an updated 4th floor completed in 2021. The property is located in the heart of River North, offering exceptional walkability, immediate access to amenities, and easy access to major transport options, including the CTA Red, Brown, and Purple lines and 90/94 Expressway.

Location

State IL

County Cook

Area Chi - Near North Side

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Mixed Use

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Listed by Scott Maesel of Sperry Van Ness

Nearby School & Business

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Garrett Johnson

+1(847) 337-1157

Agent | License ID: 475.188206

Agent License ID: 475.188206

642 N Dearborn ST Chicago, IL 60654

Garrett Johnson

Key Details

Location

Interior

Building

Nearby School & Business

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