Chicago, IL 60619

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Description

Located just east of the I-94 Expressway, this 2 story mixed use property is located on one of the best commercial strips in the Grand Crossing/Chatham area. World famous Lem's BBQ is across the street, Brown Sugar Bakery and Mabe's Deli are next door, and A&S Beverages, which is one of the best retail Beverage Stores in the city is located next to Mabe's. This building is fully occupied, with 2 retail spaces on the ground floor, and two 3 bed/1 bath residential apartments on the 2nd floor.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60619
• Year Built: 1914
• Sq.Ft.: 5,392 sq ft
• Stories: 2
• Units: 4 units
• # Of Apts: 2
• # Of Dryers: 2
• # Of Ranges: 2
• # Of Refrigs: 2
• # Of Stores: 2
• # Of Tenants: 4
• # Of Washers: 2
• Approximate Age: Older
• Building Area Total: 5392
• Built Before 1978 (Y/N): Yes
• Cap Rate: 8.35
• Construction Materials: Brick
• Cooling: Window Unit(s)
• Directions: I-94 North or South to 75th St. East on 75th to 332-334.
• Electric: Circuit Breakers
• Fire Protection: Fire Extinguisher/s, Carbon Monoxide Detector(s)
• Geographic Locale: East/West Corridor
• Gross Income: 50400
• Gross Rent Multiplier: 8.41
• Gross Scheduled Income: 50400
• Heat/Ventilation: Forced Air
• Information: 48-Hr Notice Required
• Lot Size Square Feet: 4410
• Main Type: Commercial Sale
• Operating Expense: 15000
• Original Rental Price: 0.95
• Ownership Type: Limited Partnership
• Property Sub Type: Mixed Use
• Rental Price: 0.95
• Roof: Membrane
• Roof Structure: Flat
• Tax Annual Amount: 3126
• Tax Year: 2022
• Total Annual Expense Source: Owner Projection
• Total Monthly Income: 4200