7,575 sq ft
Commercial: Mixed Use - MLS# 12294618
Tools & Resources:
Description
Fully renovated mixed-use building in the heart of Chicago's Beverly neighborhood, offering a prime investment opportunity. This property features a newly built +/- 2,175 SF turnkey restaurant with a commercial hood, walk-in cooler, and dine-in seating, completed in May 2024. Additionally, a +/- 1,500 SF remodeled office space includes a kitchenette, full bath, private office, and open work area, ideal for various business uses. The spacious +/- 2,575 SF residential unit boasts 4 bedrooms, 3 bathrooms, in-unit laundry, a rooftop balcony, and a gaming room, currently utilized as an Airbnb. A +/- 1,325 SF garage accommodates up to five vehicles or additional storage, perfect for contractors or small warehousing. Recent upgrades include a full roof tear-off and replacement (2024), new restaurant build-out with commercial-grade features, and individual HVAC systems for each unit (2022). Located in a high-demand, walkable area near the Rock Island Metra line, restaurants, and retail shops, this property ensures strong long-term investment potential. Great income producing investment with little maintenance and outstanding financials at11 cap / proforma 6.5 GRM on return.
Features
- Property Type: Commercial
- Sub Type: Mixed Use
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60643
- Year Built: 1957
- Sq.Ft.: 7,575 sq ft
- Stories: 2
- Units: 3 units
- # Of Apts: 1
- # Of Offices: 1
- # Of Stores: 1
- Additional Parcels: Yes
- Approximate Age: Older
- Building Area Total: 7575
- Built Before 1978 (Y/N): Yes
- Cap Rate: 1114
- Cooling: Central Air
- Directions: 95th St. to 2022 W 95th St.
- Electric: Circuit Breakers
- Expense Year: 2023
- Fire Protection: Fire Extinguisher/s, Smoke or Fire Protectors, Carbon Monoxide Detector(s)
- Geographic Locale: Chicago South
- Gross Income: 151000
- Gross Rent Multiplier: 6.56
- Gross Scheduled Income: 151500
- Heat/Ventilation: Forced Air
- Information: 24-Hr Notice Required, List Broker Must Accompany
- Lot Size Square Feet: 6251
- Main Type: Commercial Sale
- Operating Expense: 33122
- Property Sub Type: Mixed Use
- Tax Annual Amount: 7703
- Tax Year: 2023
- Total Annual Expense Source: Broker Projection
- Total Monthly Income: 12625
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