4,250 sq ft
Commercial: Mixed Use - MLS# 12417867
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Description
This 3-unit property is a fully rented, great income-producing investment opportunity or perfect for a Live/Work owner! Lots of recent updates including the roof replaced 2 years ago, new front windows in the 2-bedroom, and both the 2-bed and coach house have new electrical. The 1600 Sq. Ft. The storefront is currently operating as a catering/restaurant business and is on a long-term, month-to-month rent, so that gives flexibility to the new owner. The second floor has a 2-bedroom, 1-bathroom plus enclosed porch and an outdoor patio and has been recently renovated. The beautifully designed 2-bed unit features an in-unit laundry and a custom kitchen with stainless steel appliances and granite countertops, which are perfect for cooking and entertaining. The apartment boasts hardwood floors throughout, adding a touch of elegance to the space. It also has a private entry and central air and heat. The owner just finished the full gut rehab of the coach house in the back as well. The coach house has 4 bedrooms/2baths, and it's a 3-floor living space; it feels and lives like a single home. Gorgeous brand new kitchen with all the bells and whistles, and two brand new elegant bathrooms, in-unit laundry. With public transportation nearby, commuting is a breeze. Great upside potential.
Features
- Property Type: Commercial
- Sub Type: Mixed Use
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60618
- Year Built: 1913
- Sq.Ft.: 4,250 sq ft
- Stories: 2
- Units: 3 units
- # Of Apts: 2
- # Of Dishwashers: 2
- # Of Dryers: 2
- # Of Ranges: 3
- # Of Refrigs: 3
- # Of Stores: 1
- # Of Tenants: 2
- # Of Washers: 2
- Approximate Age: Older
- Building Area Total: 4250
- Built Before 1978 (Y/N): Yes
- Construction Materials: Brick
- Cooling: Central Air
- Directions: BETWEEN AVERS AND HAMLIN E OF PULASKI
- Electric: Circuit Breakers, Separate Meters, Service - 101 to 200 Amps
- Electric Expense: 425
- Expense Year: 2024
- Fire Protection: Alarm Monitored, Smoke or Fire Protectors, Carbon Monoxide Detector(s)
- Geographic Locale: Chicago Northwest
- Gross Income: 6794
- Gross Rent Multiplier: 11
- Gross Scheduled Income: 81528
- Heat/Ventilation: Central Bldg Heat, Forced Air, Gas
- Information: List Broker Must Accompany
- Insurance Expense: 2500
- Lot Size Square Feet: 3131
- Main Type: Commercial Sale
- Operating Expense: 3550
- Original Rental Price: 22.06
- Ownership Type: Individual, Land Trust
- Property Sub Type: Mixed Use
- Rental Price: 22.06
- Tax Annual Amount: 13060.78
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
- Total Annual Expense Source: Owner Projection
- Total Monthly Income: 6794
- Township: Jefferson
- Water Sewer Expense: 625
Contact:
(312) 967-4388
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