Price Reduction
Address
4202 S Western Avenue, Chicago, IL
Price
$ 385,000
Property Attributes
- MLS#12013790
- TypeCommercial
- CountyCOOK
- CityChicago
- AreaCHI - Brighton Park
- NeighborhoodBrighton Park
- Zip60609
- Style
- Year Built1918
- Taxes$ 3238
- Price$ 385,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size2,921 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Check out this solid brick building in the busy South Western Avenue area of Chicago. It's a great investment with a shop on the ground floor that catches lots of foot traffic. There's also a cozy studio apartment that's been updated for comfort. Upstairs, you'll find Single Room Occupancy (SRO) units that are all set according to city rules, making it a safe bet for you and a reliable place for tenants. These SRO units are almost full, bringing in $2,405 a month. Plus, the studio and the shop each add $900 a month to your earnings. ($4205/m Total) This property is in a neighborhood that's getting more valuable, so it's not just a buy; it's a smart move for growing your investment. With a strong income stream, it stands out as a great choice for anyone looking to invest in a growing area. Come see why this property could be a key part of your investment future. Book your visit today!
| Price History | |
|---|---|
| 3/26/2024 | Listed $425,000 |
| 3/28/2024 | 6% - $400,000 |
| 5/16/2024 | 4% - $385,000 |
General Features
| Cooling | None |
|---|---|
| Year Built | 1918 |
| Electric | Circuit Breakers,Service - 101 to 200 Amps |
| Tenant Pays | Other |
| Stories | 2 |
| Township | South Chicago |
| Property SubType | Apts/Stores |
| Tax Year | 2021 |
| Gross Income | 47200 |
| County | Cook |
| Net Operating Income | 34072 |
| Operating Expense | 13072 |
| Insurance Expense | 2400 |
| Property Type | Commercial Sale |
| Status | Price Change |
| Directions | Take Western Avenue South to the property,store front entrance. |
| City | Chicago |
| Total Units | 3 |
| MLS Area | CHI - Brighton Park |
| Lot Size Square Feet | 2921 |
| Street Name | Western |
| Tax Annual Amount | 3238 |
| Electric Expense | 1800 |
| Fuel Expense | 2400 |
| Trash Expense | 1200 |
| Water Sewer Expense | 1200 |
| Additional Parcels Y/N | No |
| Days on Market | 52 |
| Standard Status | Active |
| Property Type | Mixed Use |
Interior Features
| Street Suffix | Avenue |
|---|
Exterior Features
| Lot Dimensions | 25X125 |
|---|
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 60609
Price
Taxes
Visits
Year Built
