Commercial: Mixed Use - MLS# 12431680
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Description
Fully-stabilized mixed-use building for sale in the heart of Andersonville. Built in 2007, this fully-leased four-unit property includes four parking spaces in the rear. The building includes a 1,400 SF ground-floor retail space, now occupied by a long-standing community tenant, along with three 1,800 SF residential units above. The commercial tenant is on a Modified Gross lease with 3% annual escalations on rent. Each apartment features 3 bedrooms and 2 bathrooms, complemented by a high ceiling, modern kitchens and baths, hardwood flooring, in-unit laundry, gas fireplaces, central HVAC, individual hot water heaters, generous private decks and a private storage. Located just steps from the vibrant Clark & Foster intersection and steps from neighborhood favorite Hopleaf, the property is surrounded by a thriving mix of restaurants, cafes, and boutique retailers. Total Annual Rental Income is $205K. Don't miss the opportunity to own this income-generating asset in a premier location.
Features
- Property Type: Commercial
- Sub Type: Mixed Use
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60640
- Year Built: 2005
- Stories: 4
- Units: 4 units
- Fireplace: 3
- # Of Apts: 3
- # Of Dishwashers: 3
- # Of Disposals: 3
- # Of Dryers: 3
- # Of Ranges: 3
- # Of Refrigs: 3
- # Of Stores: 1
- # Of Washers: 3
- Approximate Age: 16-25 Years
- Cooling: Central Air
- Directions: North on N Clark St 1/2 block south of Foster Ave
- Electric: Circuit Breakers, Separate Meters, Over 600 Amps
- Fire Protection: Other, None
- Geographic Locale: Chicago North
- Gross Income: 999
- Gross Scheduled Income: 205200
- Heat/Ventilation: Central Heat/Indiv Controls, Forced Air, Gas
- Information: 24-Hr Notice Required, List Broker Must Accompany
- Lot Size Square Feet: 3480
- Main Type: Commercial Sale
- Property Sub Type: Mixed Use
- Retail SqFt: 1400
- Tax Annual Amount: 26621.86
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
- Total Monthly Income: 16700
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