1012 S Western Avenue
Chicago, IL 60612

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Description

First time for sale in 47 years High exposure Taylor/Western T-intersection. Double storefront with 4 residential units and 2 oversized 2-car garages with very high ceilings. Located in the UIC West Campus "Tri-Taylor" neighborhood. Roosevelt Rd is directly south and I-290 is directly north. The Illinois Medical District and the 4 main hospitals i.e. Rush, UIC, Cook County and West Side VA are walking distance directly east. Perfect opportunity for an armchair investor or and owner/operator. Rapidly developing neighborhood with new construction popping up everywhere The storefronts are newly remodeled ($1600) and ($1400) as well as one of the four residential units. ($1600) The other 3 residential units ($1400) have long term tenants at below market rents. Gross income reflects assumed market rent for storefronts. We have left them empty for the moment for an owner/operator, but can also rent out, for a straight investor. Gross income of $9200/mo. There is also a standing height double basement for storage or other use. Full occupancy at all times. This is truly a one time, once in a generation purchase opportunity

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60612
• Year Built: 1881
• Sq.Ft.: 6,678 sq ft
• Stories: 3
• Units: 6 units
• Zoning: COMMR
• # Of Apts: 4
• # Of Stores: 2
• Approximate Age: New Rehab
• Building Area Total: 6678
• Built Before 1978 (Y/N): Yes
• Cooling: Central Air
• Directions: I-290 to Western S to property Roosevelt Rd to Western N to property Corner of Taylor and Western
• Electric: Circuit Breakers, Service - 101 to 200 Amps
• Fire Protection: Fire Extinguisher/s, Sprinklers-Wet
• Geographic Locale: Downtown Chicago
• Gross Income: 110400
• Gross Rent Multiplier: 10.4
• Gross Scheduled Income: 91485
• Heat/Ventilation: Forced Air, Gas
• Indoor Parking: 1-5 Spaces
• Information: List Broker Must Accompany
• Insurance Expense: 6000
• Lot Size Square Feet: 4560
• Main Type: Commercial Sale
• Property Sub Type: Mixed Use
• Tax Annual Amount: 9315
• Tax Year: 2023
• Total Monthly Income: 9200
• Water Sewer Expense: 3600