Address
1859 E 87th Street, Chicago, IL
Price
$ 650,000
Property Attributes
- MLS#11983600
- TypeCommercial
- CountyCOOK
- CityChicago
- AreaCHI - Calumet Heights
- Zip60617
- Style
- Year Built1963
- Taxes$ 5062
- Price$ 650,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2900
- Lot Size0.093434 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Prime Chicago Commercial Investment Opportunity !!!!! This is your chance to invest in the heart of Chicago! Presenting a unique and lucrative investment property that combines the best of both worlds: Six spacious, well-appointed apartments and Six versatile storefronts, all under one roof! This property offers the perfect blend of residential and commercial income. This South Side property has excellent foot traffic, it's located on a main well known Street. This location is surrounded by numerous restaurants, shops, and public transpiration !! All 6 apartments feature 1 bedroom, 1 bath and all similar updates. All 6 apartments are rented and are bringing in income .All 6 versatile storefronts feature large display windows, ideal for entrepreneurs and business looking for prime retail or office space .Each storefront features high visibility and great rental income. 4 Storefronts are leased , 2 are ready for you to bring your vision to life . There are currently two beauty shops, a real estate office, and a mailing center. With a strong rental history and the thriving location, this property promises excellent cash flow and long-term growth potential for investors .The combination of residential and commercial spaces diversifies your income streams, making a robust investment opportunity. Don't miss out on this amazing investment opportunity . Contact me today to schedule a viewing and explore the the potential of this unique property. This property is being sold as is !!!
| Price History | |
|---|---|
| 2/17/2024 | Listed $650,000 |
General Features
| Cooling | Window Unit(s) |
|---|---|
| Year Built | 1963 |
| Electric | Circuit Breakers |
| Tenant Pays | Electricity,Sewer |
| Stories | 2 |
| Property SubType | Apts/Stores |
| Tax Year | 2022 |
| Gross Income | 108840 |
| County | Cook |
| Net Operating Income | 89736 |
| Operating Expense | 19104 |
| Insurance Expense | 368 |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | South on Anthony to Yates Turn left onto East 87th Street South to Bennett |
| City | Chicago |
| NumberOfUnitsTotal | 12 |
| MLS Area | CHI - Calumet Heights |
| Lot Size Square Feet | 4070 |
| Street Name | 87th |
| Tax Annual Amount | 5062.45 |
| Electric Expense | 62 |
| Fuel Expense | 552 |
| Trash Expense | 153 |
| Water Sewer Expense | 454 |
| Additional Parcels Y/N | No |
| Days on Market | 61 |
| Standard Status | Active |
| Property Type | Mixed Use |
Interior Features
| Street Suffix | Street |
|---|
Exterior Features
| Building Area Total | 2900 |
|---|---|
| Lot Dimensions | 4,070 |
| 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
Property vs Commercial Average in 60617
Price
Taxes
Visits
Year Built
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome Select Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2024 All rights reserved.Based on information submitted to the MLS GRID as of June 17, 2024 3:35 PM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of June 17, 2024 3:35 PM UTC
