5,737 sq ft
Commercial: Mixed Use - MLS# 12382558
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Description
Nestled in the heart of Chicago's vibrant Westside, this well-maintained mixed-use building offers a perfect blend of commercial and residential opportunities. The property features three street-level storefronts, each with large display windows, ample foot traffic, and flexible layouts suitable for retail, office, or service-based businesses. Above, you'll find four fully tenant-occupied apartments, including 2bd/1bth units. Prime corner lot with excellent visibility in a bustling neighborhood with three versatile storefronts with separate entrances and updated interiors; it also features four spacious apartments, each featuring modern kitchens, hardwood flooring, and abundant natural light, 100percent tenant-occupied, providing a steady income stream. Secure building with intercom entry and ample parking in a gated lot. This property is ideal for investors looking for a turnkey opportunity in a thriving area or business owners seeking a combination of personal and investment use. Schedule your showing today!
Features
- Property Type: Commercial
- Sub Type: Mixed Use
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60644
- Year Built: 1915
- Sq.Ft.: 5,737 sq ft
- Stories: 3
- Units: 7 units
- Zoning: MULTI
- # Of Apts: 4
- # Of Offices: 3
- # Of Stores: 3
- # Of Tenants: 7
- Approximate Age: Older
- Building Area Total: 5737
- Built Before 1978 (Y/N): Yes
- Construction Materials: Brick
- Cooling: Central Air, Window Unit(s)
- Directions: Cicero Ave. north of 290 to Van Buren or south of Madison to Van Buren
- Electric: Circuit Breakers, Service - 201 to 600 Amps
- Fire Protection: Fire Extinguisher/s, Hydrants On Site, Smoke or Fire Protectors, Carbon Monoxide Detector(s)
- Foundation Details: Concrete Perimeter
- Geographic Locale: Chicago West
- Gross Income: 73800
- Gross Rent Multiplier: 5.6
- Gross Scheduled Income: 73800
- Heat/Ventilation: Forced Air, Gas
- Information: 48-Hr Notice Required
- Insurance Expense: 1600
- Insurance Expense Source: Actual
- Lot Size Square Feet: 6612
- Main Type: Commercial Sale
- Other Expense: 1500
- Other Expense Source: Actual
- Property Sub Type: Mixed Use
- Roof Structure: Flat
- Tax Annual Amount: 11160.73
- Tax Year: 2023
- Tenant Pays: Electricity, Heat, All Utilities
- Total Monthly Income: 6150
- Township: Hyde Park
- Trash Expense: 280
- Trash Expense Source: Combination
- Water Expense Source: Combination
- Water Sewer Expense: 280
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