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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