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1457 Talman Ave
Chicago, IL 60622 Wicker Park

$950,000 USD

Specialty For Sale  •  3,000 SF

Property Details

  • Property Type Specialty
  • Total Building Size 3,000 SF
  • Lot Size 0.14 AC
  • Year Built 1892
  • Zoning RM-5
70 Transit Score
100 Walk Score

Highlights

By-Right Redevelopment, Plans and Permit Incoming: Zoned RM-5, the 8-unit conversion is by-right with full plans by SPACE Architects + Planners
Irreplaceable Masonry Character: The intact brick shell—arched windows, decorative corbelling, a prominent tower—offers distinct character
Compelling Returns on Modest Basis: At a $950,000 purchase price and $1,400,000 construction budget, the built asset pencils to a 7.07% stabilized cap
Prime East Humboldt Park Location: Near North, Western, and Division, steps from Paseo Boricua's restaurants and retail and great CTA bus connectivity

Public Transportation

Commuter RailDriveWalkDistance
Western Ave (Milwaukee North - Metra, Milwaukee West - Metra, North Central Service - Metra) 4 min - 1.9 mi
Clybourn (Union Pacific North - Metra, Union Pacific Northwest - Metra) 4 min - 2.0 mi
Transit/SubwayDriveWalkDistance
Western Station (Blue Line - O'hare Branch) (Blue Line - Chicago Transit Authority "L" Trains (The "L")) 3 min 18 min 0.9 mi
Damen Station (Blue Line) (Blue Line - Chicago Transit Authority "L" Trains (The "L")) 2 min 17 min 0.9 mi
AirportDriveWalkDistance
Chicago Midway International 20 min - 10.7 mi
Chicago O'Hare International 23 min - 14.3 mi
Matthew Fritzshall 847-778-8746 Triton Realty Group, LLC
Matthew Fritzshall 847-778-8746 Triton Realty Group, LLC