5517 S Halsted Street
Chicago, IL 60621

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Description

Take advantage of this exciting business opportunity! In the four-bedroom apartment above the storefront, you can join other small business owners living close to their businesses. Property values are rapidly increasing as the area undergoes significant gentrification, with new developments being introduced. This opportunity is situated on a high-traffic street near a major intersection. The property comprises two lots and features a 13-car parking lot, currently leased to an adjacent business. Additionally, the property features a two-car garage. Both the apartment and storefront are presently rented, albeit at a below-market value, which still provides immediate cash flow. The current tenants also cover their utilities. The time to invest is now!

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60621
• Year Built: 1894
• Sq.Ft.: 3,750 sq ft
• Stories: 2
• Units: 2 units
• Zoning: COMMR
• # Of Apts: 1
• # Of Stores: 1
• # Of Tenants: 2
• Additional Parcels: Yes
• Approximate Age: Older
• Building Area Total: 3750
• Built Before 1978 (Y/N): Yes
• Cap Rate: 9
• Construction Materials: Brick, Vinyl Siding
• Directions: 55th St. to Halsted St. south to the property.
• Electric: Circuit Breakers, Service - 101 to 200 Amps
• Electric Expense Source: Actual
• Estimated Tax/Sf: 0.72
• Expense Year: 2013
• Fire Protection: Fire Extinguisher/s
• Flooring: Carpet, Vinyl
• Foundation Details: Concrete Perimeter
• Fuel Expense Source: Actual
• Geographic Locale: Chicago South
• Gross Income: 31800
• Gross Rent Multiplier: 8.64
• Gross Scheduled Income: 31800
• Heat/Ventilation: Forced Air, Gas
• Indoor Parking: 1-5 Spaces
• Information: 24-Hr Notice Required, Other-See Remarks, No Sign on Property
• Insurance Expense: 2656
• Insurance Expense Source: Actual
• Location: Mixed Use Area, Public Transport Avail, In City Limits, High Traffic Area
• Lot Size Square Feet: 6150
• Main Type: Commercial Sale
• Misc Inside: Basement
• Misc Outside: Enclosed Porch, Enclosed Stairs
• Operating Expense: 4785
• Other Expense Source: Actual
• Outdoor Parking: 13-18 Spaces
• Ownership Type: Individual
• Property Sub Type: Mixed Use
• Roof: Tar/Gravel
• Roof Structure: Flat
• Sewer: Storm Sewer
• Tax Annual Amount: 13769
• Tax Year: 2023
• Tenant Pays: Electricity, Heat
• Total Annual Expense Source: Combination
• Total Monthly Income: 31800
• Township: Lake
• Trash Expense Source: Actual
• Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Available
• Water Drainage: Storm Sewers
• Water Expense Source: Actual
• Water Source: Municipal Water