Property Attributes
- MLS#11820183
- TypeCommercial
- CountyCOOK
- CityChicago
- AreaCHI - Calumet Heights
- Zip60619
- Style
- Year Built1958
- Taxes$ 7573
- Price$ 399,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6826
- Lot Size0.094697 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Well maintained 10,375 sf mixed-use building having 6,058 sf of building area is situated along the busy 87th Street business corridor. The building has ground floor office space, consisting of two occupied medical offices and one 800 SF space, freshly painted and ready to rent or house your business. The second floor has two apartments (a 1-bed, 1-bath and a 3-bed, 2-bath). The offices are interconnected and could all be occupied by a single tenant or could remain leased to two or more tenants. The property includes 14 on-site parking spaces. All tenants are long term. Easy access to the Dan Ryan Expressway, CTA Red Line, CTA bus #87 and Metra. Neighboring businesses include McDonald's, O'Reilly Auto Parts, a Clarks gas station, and several offices, retail and commercial services. Strip mall located a few blocks east houses both national and regional tenants, including Athletico, T-Mobile, Wing Stop, H and R Block and Pete's Produce grocery store. Solid building, below market rents, great location with steady traffic flow of 13,500 vehicles per day....makes for a great investment opportunity.
Price History | |
---|---|
6/29/2023 | Listed $460,000 |
10/9/2023 | 11% - $410,000 |
6/1/2024 | 3% - $399,000 |
General Features
Cooling | Central Air,Window Unit(s) |
---|---|
Possession | Closing |
Year Built | 1958 |
Electric | Circuit Breakers,Service - 101 to 200 Amps |
Tenant Pays | Electricity |
Stories | 2 |
Property SubType | Mixed Use |
Tax Year | 2021 |
Gross Income | 6500 |
County | Cook |
Net Operating Income | 44636 |
Operating Expense | 33364 |
Insurance Expense | 5755 |
Property Type | Commercial Sale |
Status | Active |
Directions | 87th Street to S. Dorchester. Building is on the southeast corner. |
City | Chicago |
NumberOfUnitsTotal | 5 |
MLS Area | CHI - Calumet Heights |
Lot Size Square Feet | 4125 |
Street Name | 87th |
Tax Annual Amount | 7573 |
Electric Expense | 2006 |
Additional Parcels Y/N | No |
Days on Market | 345 |
Standard Status | Active |
Property Type | Mixed Use |
Interior Features
Street Suffix | Street |
---|
Exterior Features
Building Area Total | 6826 |
---|---|
Lot Dimensions | 4125 |
Exterior | Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool