5600 W Division Street
Chicago, IL 60651

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Description

Excellent Income Producing Commercial brick 5 store fronts on busy corner of Division & Central. fully leased with long-term tenants, established businesses for many years, some been there for 16-10 years. tenants are responsible for interior maintenance,building is well maintained, new tuck pointing, annual maintenance on the roof. heat & electric. Landlord only responsible for water, taxes & exterior maintenance. 12 parking spaces in the back of the building, fenced parking lot, few parking spaces in the front. this property has two PIN numbers, two addresses 5600-5612 W Division & 1206 North Central. Easy to manage set back & collect rent, HIGH CAP RATE SOUND INVESTMENT

Features

• Property Type: Commercial
• Sub Type: Retail/Stores
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60651
• Year Built: 1913
• Sq.Ft.: 7,500 sq ft
• Stories: 1
• Units: 5 units
• Zoning: RTAIL
• # Of Tenants: 5
• Additional Parcels: Yes
• Building Area Total: 7500
• Cap Rate: 10.5
• Construction Materials: Brick
• Cooling: Central Air, Central Individual
• Directions: CENTRAL AVE TO DIVISION TO PROPERTY, CORNER OF DIVISION & CENTRAL
• Electric: Circuit Breakers
• Fire Protection: Fire Extinguisher/s
• Gross Scheduled Income: 116800
• Heat/Ventilation: Central Bldg Heat, Central Heat/Indiv Controls
• Information: 24-Hr Notice Required
• Insurance Expense: 6129
• Investment (Y/N): Yes
• Location: Central Business District, Corner
• Lot Size Square Feet: 15000
• Main Type: Commercial Sale
• Operating Expense: 38543
• Outdoor Parking: 13-18 Spaces
• Property Offered: For Sale Only
• Property Sub Type: Retail
• Tax Annual Amount: 29932
• Tax Year: 2023
• Tenant Pays: Electricity, Heat
• Total Monthly Income: 9733
• Township: West Chicago