Commercial: Mixed Use - MLS# 12271042
Tools & Resources:
Description
HEART OF WRIGLEYVILLE! Fantastic opportunity for investors at 7.9% cap rate or owner/operators alike. Business INCLUDED! High visibility storefront is currently Lucky Sandwich Company and bar featuring a full commercial kitchen and full basement. 4 nicely renovated and easy to lease apartments on levels 2 and 3. One 3 bedroom and three 2 bedroom apartments with leases as follows: 2F $1920, 2R$2450 3F $1870 3R $2250 ALSO, four outdoor parking spaces 3 included in lease prices and one through spot hero for an average of $500/ month. All units pay their own (gas forced) heat and electricity. A true blue chip property in Chicago's favorite neighborhood!
Features
- Property Type: Commercial
- Sub Type: Mixed Use
- Listing Status: Active Under Contract
- County/Area: Cook County
- Zip Code: 60657
- Year Built: 1911
- Stories: 3
- Units: 5 units
- Zoning: MULTI
- # Of Apts: 4
- # Of Stores: 1
- Approximate Age: Older
- Built Before 1978 (Y/N): Yes
- Cap Rate: 0.07
- Cooling: Central Air, Window Unit(s)
- Directions: Clark between Cornelia and Newport
- Electric: Separate Meters
- Expense Year: 2022
- Geographic Locale: Chicago North
- Gross Income: 201370
- Gross Scheduled Income: 201370
- Heat/Ventilation: Forced Air, Gas
- Information: 24-Hr Notice Required
- Lot Size Square Feet: 3125
- Main Type: Commercial Sale
- Operating Expense: 40081
- Outdoor Parking: 1-5 Spaces
- Property Sub Type: Mixed Use
- Tax Annual Amount: 19135
- Tax Year: 2022
- Tenant Pays: Electricity, Heat
- Total Annual Expense Source: Actual
- Total Monthly Income: 15490
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