Friday, April 12, 2019

Video! Logan Square church building for sale $1,590,900



3301 West Wrightwood, Chicago IL 60647 asking $1,590,900

Logan Square large multi-purpose church building Zoned RS-3. Total Land Area 9,375 sq. ft. (possible Land Area 13,105 sq. ft. with adjacent lot on Wrightwood see survey).  Building Area 14,240 above grade, 5,797 sq. ft. per independent appraisal.


Fantastic opportunity in a vibrant community two blocks from CTA Logan Blue Line and historic Logan Boulevard . 75' north facing on Wrightwood (possible additional lot available making 100' on Wrightwood, see survey), 125' west facing on Kimball. Building features second floor gymnasium (30'x60'), four office and classrooms with main floor 1/2 bathroom.
Second floor gym
Large finished meeting room/ yoga studio (basement). Fellowship hall with large kitchen (basement) with men's and women's bathrooms.  Sanctuary seats about 130-150. Potential use for school, religious organization, arts company, theater company, single family development. Purchase offers with proposed zoning change are subject to 35th Ward Community Driven Zoning and Development. This is a dream location for your organization!







Additional Information
Mailing address 3325 West Wrightwood, Chicago IL 60647 (PIN 13264200010000 address 3301 West Wrightwood) Corner of Wrightwood and Kimball (75' north facing on Wrightwood, 125' west facing on Kimball)
Asking price $1,590,900
Currently tax exempt
Total Land Area 9,375 sq. ft.
Building Area 14,240 above grade, 5,797 sq. ft. per independent appraisal
Current use religious organization
Zoned RS-3 (Order a zoning report instantly at MAPS)
1.9 blocks from CTA Logan Blue Line at Milwaukee and Spaulding (1,268 feet)
Large finished meeting room/ yoga studio (basement)
Fellowship hall with large kitchen (basement)
Office/ classroom wing
Sanctuary (130-150 seats)
Potential use for school, religious organization, arts organization, theater company, single family development (Order a zoning report instantly at MAPS)
Building needs extensive brickwork, interior plaster repair, windows, facility updates, mechanical updates
Please see 35th Ward Community Driven Zoning and Development
All info gathered from independent 3rd party appraisal, survey, church organization documents and Chicagocityscape.com deemed reliable but not guaranteed

Exclusively listed by:
Eric Rojas, Broker, Kale Realty
2447 N Ashland, Chicago IL 60614
PH: 312-939-5253
erojas@kalerealty.com

Wednesday, April 10, 2019

Belgravia's slick River North new construction nears completion, sell out

403 N Wabash nears completion. The location is a bit quirky... sort of a bridge between two neighborhoods. All photos Eric Rojas, Broker, Kale Realty
We finally took a couple photos of the Belgravia new construction at 403 N Wabash. The sharp looking building is almost absorbed by the large 405 N Wabash (River Plaza) and that other building.  Here's some background from Curbed in 2017.
It is hard to make out the diminutive, boxy 403 N Wabash "Renelle on the River" among the existing high-rises from certain angles.  We'll swing by for photos in nicer weather when it's complete.

Belgravia will be delivering 50 new units at 403 North Wabash Avenue "Renelle on the River" this summer. 39 of the 50 units are currently PEND closing on MLS with 4 units presently listed.
The 4 units now being actively marketed range from $1,355,900 for a 1827 sq. ft. 3B/3Ba unit to $2,282,900 for a 2517 sq. ft. 3B/3.1Ba unit...parking not included.

We've been mostly pleased with Belgravia's projects and quality of construction.  We're always happy to show clients their new projects and re-sale condos and town homes

Monday, April 08, 2019

Would you buy a two-flat subject to tenancy?

This Edgewater two-flat is a great price and condition for our client. BUT it comes with a catch. All photos Eric Rojas, Broker, Kale Realty

We looked at a few newly listed small multi-unit buildings with our client on Sunday in Edgewater, Addison Mall and North Park neighborhoods. We jumped on the best priced building in Edgewater (preferred location). We found out quickly that the purchase was subject to tenancy.  This generally means the buyer will have to adhere to the current tenant lease agreements upon closing. Whatever that may be.

In this case the property has month to month tenants in both units and the "in-law" unit situation. We wanted the tenants vacated prior to a closing. The seller's agent has told us the owner won't do that... the tenants will be the buyer's responsibility.  Basically the tenants aren't going anywhere.

Even though the asking price is great this is too much risk for our buyer. This will be her primary home and she will rent the other unit out. No stomach for squatters or an eviction process should it come to that.  A professional investor who has dealt with tenant issues may be wise to scoop this up. Understanding local ordinances and a state's specific tenant law is key when buying multi-unit buildings.

Thursday, April 04, 2019

New Gardner School to be built on former Buddhist Temple site, Uptown/ Ravenswood

The former Truc Lam Buddhist Temple at North Ashland and West Wilson. All  gloomy day photos Eric Rojas, Broker, Kale Realty.

Former Truc Lam Buddhist Temple building in the Ravenswood / Uptown neighborhoods is scheduled for demolition this spring. Anyone on the North Side has probably passed this site at Ashland and Wilson a million times. A new Gardner School early childhood learning facility will be built and really alter the look of the corner. The school/ daycare may be built by right according to RS-3 zoning (we work with clients on these types of deals).

We've mentioned daycare/ early childhood education facilities are HOT! Several new buildings have been built or significantly retrofitted in the 47th Ward recently for schools within a mile or so of this location including a new JYCS and Kiddie Academy.

Here is some background from Uptown Update  .   See full site plan here


Grey-stone multi-units across the street on West Wilson.



Not on MLS: Uptown Grey-stone 3-Unit for sale $815,000, great condition!

Wow! 4410 N Dover asking $815,000
Owner operators and investors buyers! Contact me for this pre-MLS opportunity at 
4410 N Dover, Chicago IL 60640 asking $815,000. This is a terrific property to call home. Close to Wrigley, Target, dozens of restaurants and bars... amazing location!

Eric Rojas, Broker
Kale Realty - Lincoln Park
2447 N Ashland 
Chicago IL 60614
773-510-1597
erojas@kalerealty.com

Extra Wide Legal 3-Unit Greystone - Walk to Montrose Brown 

Gorgeous and EXTRA WIDE Grey-stone on Over-sized Lot! Ten Min Walk to Montrose Brown or Wilson Red Line on Quiet, Tree-Lined Street, Three LEGAL Units, All Individually Metered, Gut-Rehabbed to Condo Quality, Central Heat and Air, Newly Refinished Hardwood Floors, Recessed Lighting, Dishwashers, Marble Baths, Top Floor Owner's Unit Has FOUR Bedrooms with King Size Master, Stainless Steel Appliances, Wood-Burning Fireplace - Big Back Decks, Shared Coin-Op Laundry,  Separate Living and Dining Rooms, Rarely Found BIG BEDROOMS! Park Pad for One Car, Large Fenced Backyard, Can Easily Fit Up to Three Cars -  Strong Income with Room to Grow - Gross Income $56,400 Annually:

Unit G (2 Beds/1 BA) - $1000  (Lease M2M) 
Unit 1 (3 BEDS/1 BA) - $1850 (Lease Ends 5/31/2019)  
Unit 2 (4 BEDS/1 BA) - $1850 (Lease Ends 4/30/2019)

First Showings Sunday, April 7 
Listing on MLS 4/9

Top floor living room (virtually staged)
Top floor kitchen


Large bedrooms


Great bathroom!

Back decks

Exclusively listed by 
Kale Realty
2447 N Ashland
Chicago IL 60614
312-939-5253

Wednesday, April 03, 2019

First renters move into mega development Lincoln Common this week in Lincoln Park

The two large towers of Lincoln Common on the old Children's Memorial Hospital site.  All photos Eric Rojas, Broker, Kale Realty
Crain's reported the first renters have moved into the Lincoln Common development in Lincoln Park. It will be awhile until all the buildings are completed and the whole site pulls together.

Apartment rents range from $1,800 to $6,300 at their site.  If you need an apartment in Lincoln Park, contact me for various options.


Past posts on Children's Memorial site here.


Tuesday, April 02, 2019

Lincoln Square "L" train mural... next to the tracks

A cool garage mural near Leavitt and Leland adjacent to the tracks.
I've walked by this "L" train mural in Lincoln Square a 100 times.  I finally took a couple photos. These home owners have embraced living with the "L" tracks directly behind their property.


Choo choo!

Saturday, March 30, 2019

Will this Lincoln Park hold-out cash in?

The vacant lot shown at 2511 North Halsted above sold in 2018 for $1,500,000 (all photos Eric Rojas, Broker, Kale Realty).
A double lot (50'x126') was sold at 2511-2513 North Halsted for $1,500,000 last year. We don't yet know what will be built (it will be six condos with or without retail on main floor).  As you can see a vintage building remains on the adjacent lot on the south. The circa 1890s vintage two-flat at 2509 North Halsted is also for sale at an asking price of... wait for it.... $925,000 (@Properties). That's almost $200,000 more than a single lot would "comp out" to next door (and you get a premium for the double lot).

2509 North Halsted is a vintage two-flat building sits in the middle of typical North Halsted Street developments. It remains to be seen if someone will pony up $925,000. An improved two story restaurant/ bar building at 2721 North Halsted (Trinity Bar) did sell for $870K recently on a 26'x134' lot. 
2509 N Halsted was for sale from 2008-2011 when my business and office was at Rubloff over the Home Depot a few doors north.  The lowest price it dipped to was $779,900 in 2011... the bottom of the market after the 2008 financial crash.  Things started to clean up and head upwards from 2012 on. This strip of Halsted from West Fullerton to West Diversey is a collection of mostly mixed use three-to six-flat buildings, restaurants and bars.  Many shacks have been torn down but the 2509 N Halsted building looks in great condition.

Will "another one bite the dust"? Or, is this seller going to deal anytime soon...
About fourteen condo units have sold on Halsted Street from Fullerton to Diversey in the last twelve months. The median price of a sold condo is about $512,000.  The highest sold condo in the last 12 months is 2503 North Halsted Unit 4 for $730,000.

Friday, March 29, 2019

Photo update: Huge Old Town apartment development at former Marcello's location

Looking east down West North Avenue
216 units are under construction at North and Larrabee in Old Town. The development goes up on the former Father and Son Plaza at 609-657 West North Avenue... also former home of Marcello's Father and Son Restaurant. I went to the restaurant often for industry breakfast events. The new development address is 633 West North Avenue, Chicago IL 60610

The Village Garden Express building (former Terry's Red Hots) somehow remains along North Larrabee and the tracks.
A small restaurant building and parking lot remain on the Larrabee side.  
This is that development you see heading downtown on the CTA Brown Line.

View from across the street.
West North Avenue from about North Wells to North Halsted will be adding around 406 finished residential condo and apartment units in a year's time to this Old Town/ Lincoln Park area. The larger developments are the "Father and Son Plaza", 301 West North, 750 West North Avenue and 1550 on the Park . This doesn't count any small developments north and south of North Avenue.

1550 N Wells at West North Avenue across the street from Latin School is adding 32 luxury condo units to Old Town.

Wednesday, March 27, 2019

Pre-MLS For Sale: Logan Square church building with gym $1.59M, Zoned RS-3, Total Land Area 9,375 sq. ft.

3301 West Wrightwood in Logan Square. 
Fantastic pre-MLS opportunity for your organization. Multi-purpose church building in the heart of Logan Square. *Contact Eric Rojas, Broker, Kale Realty only. Do not disturb current owners, congregation or visitors of the church property.* All inquiries must provide their full name, contact information, name of organization they represent and nature of inquiry. No exceptions. erojas@kalerealty.com or 773-510-1597

We have been hired to broker the sale of 3301 West Wrightwood asking price $1,590,900 (AKA 3325 West Wrightwood). The building is currently an active church organization zoned RS-3. Please see the high level details below.  This will be placed on the MLS some time next week. For sale now.


Corner of Wrightwood and Kimball


West facing elevation, south side of building houses finished basement meeting room/ studio, offices/classrooms on main level and top floor gymnasium 
Property Details

  • Mailing address 3325 West Wrightwood, Chicago IL 60647 (TAX PIN 13264200010000 address is 3301 West Wrightwood) Corner of Wrightwood and Kimball (75' north facing on Wrightwood, 125' west facing on Kimball)
  • Asking price $1,590,900
  • Currently tax exempt
  • Total Land Area 9,375 sq. ft.
  • Building Area 14,240 above grade, 5,797 sq. ft. per independent appraisal
  • Current use religious organization
  • Zoned RS-3 (Order a zoning report instantly at MAPS)
  • 1.9 blocks from CTA Logan Blue Line at Milwaukee and Spaulding (1,268 feet) 
  • Large finished meeting room/ yoga studio (basement)
  • Fellowship hall with large kitchen (basement)
  • Office/ classroom wing
  • Sanctuary (130-150 seats)
  • Floor plan and survey available for serious inquiries only
  • Potential use for school, religious organization, arts organization, theater company, single family development (Order a zoning report instantly at MAPS)
  • Building needs extensive brickwork, interior plaster repair, windows, facility updates, mechanical updates
  • Please see 35th Ward Community Driven Zoning and Development 
  • All info gathered from independent 3rd party appraisal, survey, church organization documents and Chicagocityscape.com deemed reliable but not guaranteed

2nd floor gym

Sanctuary (130-150 seats)

Reception room


Sanctuary

Entry foyer
Large classroom southwest corner


Large classroom/ meeting area (southwest corner)
Classroom 2

Meeting room

Office (south exposure)
West exposure with classrooms, offices and gym

Exclusively listed by: 
Eric Rojas, Broker, Kale Realty
2447 N Ashland
Chicago IL 60614
erojas@kalerealty.com
773-510-1597
Office: 312-939-5253