63 E 43rd Street
Chicago, IL 60653

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Description

PRIME 43RD STREET MIXED USE (8 STORE FRONT ONE 2 BEDROM UNIT) COMMERICIAL PROPERTY. THIS IS A HIGH TRAFFIC LOCATION. PROPERTY IS ARCHORED BY ALICE'S BAR B Q STORE AND A SPOT FOR A TAKE OUT RESTAURANT. OTHER STORES INCLUDES: BARBER SALON, BEAUTY SALON, AND EVENT SPACE. ABOVE THE SOUTHEAST CORNER IS A 1200 SQFT 2 BEDEOOM APARTMENT. SINCE 2022 CAPITAL INPROVEMENT INCLUDES NEW FURNACE, CENTRAL AIR, NEW BATHS, PLUMBING, ELECTRIC AND TUCKPOINTING! LOCATED 2 BLOCKS FROM CTA 43RD ST. GREEN LINE AND NEW RESIDENTIAL DEVELOPMENT. TWO BLOCKS SOUTH IS THE CHICAGO URBAN LEAGUE HEADQUARTERS. DON'T MISS OUT OUT ON THIS PRIME PROPERTY THAT HAS GREAT POSSIBILTIES.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60653
• Year Built: 1909
• Stories: 9
• Units: 10 units
• Zoning: COMMR
• # Of Apts: 1
• # Of Ranges: 1
• # Of Refrigs: 1
• # Of Stores: 9
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Cap Rate: 6.16
• Construction Materials: Brick
• Cooling: Central Air
• Directions: Take Michigan Ave south to 43rd street. Commercial property begins on the Southwest corner and expands 8 store fronts going west.
• Electric: Circuit Breakers, Service - 0 to 100 Amps
• Electric Expense: 686
• Electric Expense Source: Owner Projection
• Expense Year: 2023
• Fire Protection: Alarm Monitored, Fire Extinguisher/s, Carbon Monoxide Detector(s)
• Foundation Details: Concrete Perimeter
• Fuel Expense: 1749
• Fuel Expense Source: Owner Projection
• Geographic Locale: Chicago South
• Gross Income: 109500
• Gross Rent Multiplier: 9.08
• Gross Scheduled Income: 109500
• Heat/Ventilation: Forced Air, Gas
• Information: List Broker Must Accompany, 48-Hr Notice Required
• Insurance Expense: 2600
• Insurance Expense Source: Actual
• Location: Corner, Mixed Use Area, Public Transport Avail
• Lot Size Square Feet: 16150
• Main Type: Commercial Sale
• Operating Expense: 48174
• Original Rental Price: 18.12
• Other Expense: 19197
• Other Expense Source: Owner Projection
• Other SqFt: 1200
• Outdoor Parking: 1-5 Spaces, Parking-Street
• Ownership Type: Limited Liability Corp
• Property Sub Type: Mixed Use
• Rental Price: 18.12
• Retail SqFt: 6300
• Roof Structure: Flat
• Tax Annual Amount: 22877
• Tax Year: 2023
• Tenant Pays: Electricity, Heat, Insurance
• Total Actual Rent: 9125
• Total Annual Expense Source: Owner Projection
• Total Monthly Income: 9125
• Township: Hyde Park
• Trash Expense: 1797
• Trash Expense Source: Owner Projection
• Water Expense Source: Owner Projection
• Water Sewer Expense: 1065