8318 S KEDZIE Avenue
Chicago, IL 60652

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Description

A cash machine! 3 Commercial storefronts zoned B-2 ideal for retail or office. Busy Kedzie avenue gets you major traffic. Each storefront is 1,100 sq/ft or 3,300 sq/ft total. Fully occupied as owner occupies 1 of the 3 units and is looking to lease back. Owner can vacate for a rental, one unit active for rent right now. Other 2 units have long term good paying tenant. 14% cap rate. Sitting on 2 city lots (2 pins) this property has 50' of Kedzie frontage with plenty of parking in back. Flat newer roof single story bldg very low maintenance. Property owned free and clear so seller financing is available!

Features

• Property Type: Commercial
• Sub Type: Office/Tech
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60652
• Year Built: 1950
• Sq.Ft.: 3,600 sq ft
• Stories: 1
• Units: 3 units
• Zoning: OFFIC
• # Of Tenants: 2
• Additional Parcels: Yes
• Approximate Age: Older
• Building Area Total: 3600
• Built Before 1978 (Y/N): Yes
• Cap Rate: 14
• Construction Materials: Brick
• Cooling: Central Air, Central Individual
• Directions: KEDZIE AND 83RD ST. S TO PROP
• Electric: Circuit Breakers
• Expense Year: 2021
• Fire Protection: Alarm Monitored, Fire Extinguisher/s
• Geographic Locale: Chicago South
• Gross Income: 48000
• Gross Rentable Area: 3300
• Gross Scheduled Income: 48000
• Heat/Ventilation: Ceiling Units
• Information: Show-Call Listing Office
• Investment (Y/N): Yes
• Leasable Area: 3300
• Leasable Area Units: Square Feet
• Lot Size Square Feet: 6250
• Main Type: Commercial Sale
• Min Avail Sq Ft (Rentable): 1100
• Operating Expense: 17532
• Original Rental Price: 15.65
• Property Offered: For Sale or Rent
• Property Sub Type: Office
• Rental Price: 15.65
• Tax Annual Amount: 16086
• Tax Year: 2022
• Tenant Pays: Air Conditioning, Electricity, Heat, Janitorial Service, Scavenger
• Total Actual Rent: 1500
• Total Annual Expense Source: Owner Projection
• Township: Lake