6,200 sq ft
Commercial: Mixed Use - MLS# 12445921
Tools & Resources:
Description
This newly renovated (2021) 6 unit mixed use building has a very favorable unit mix featuring three 3 bed 2 bath units, two 2 bed 1 bath units and one commercial Studio with a full bath with near market rents. All residential units leased at market rates making this a stable addition to any investors portfolio. While there's some upside potential on income, this property is an easy armchair addition to your portfolio with positive cashflow and very little to no deferred maintenance. With one unit vacant - the property is easy to show as initial showings will be of the vacant unit and common areas. This property is eligible for several financing options for well qualified buyers - please inquire with listing agent if you're seeking a resource to fund this deal.
Features
- Property Type: Commercial
- Sub Type: Mixed Use
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60636
- Year Built: 1911
- Sq.Ft.: 6,200 sq ft
- Stories: 3
- Units: 6 units
- Zoning: MULTI
- # Of Apts: 5
- # Of Dryers: 3
- # Of Offices: 1
- # Of Ranges: 5
- # Of Refrigs: 5
- # Of Stores: 3
- # Of Tenants: 5
- # Of Washers: 3
- Approximate Age: New Rehab
- Building Area Total: 6200
- Built Before 1978 (Y/N): Yes
- Cap Rate: 14.9
- Construction Materials: Brick
- Cooling: Window Unit(s)
- Directions: Continue straight onto S Wentworth Ave Turn right onto W Marquette Rd Turn right onto S Hermitage Ave Destination will be on the right
- Electric: Circuit Breakers, Separate Meters
- Electric Expense: 1300
- Electric Expense Source: Actual
- Expense Year: 2024
- Fire Protection: Alarm On Site, Fire Extinguisher/s, Smoke or Fire Protectors, Carbon Monoxide Detector(s)
- Fuel Expense Source: Actual
- Geographic Locale: Chicago South
- Gross Income: 109000
- Gross Rent Multiplier: 4.95
- Gross Scheduled Income: 108000
- Heat/Ventilation: Central Heat/Indiv Controls
- Indoor Parking: 1-5 Spaces
- Information: List Broker Must Accompany
- Insurance Expense: 4320
- Insurance Expense Source: Actual
- Lot Size Square Feet: 5535
- Main Type: Commercial Sale
- Office SqFt: 900
- Operating Expense: 10607
- Original Rental Price: 15
- Other SqFt: 5300
- Outdoor Parking: 1-5 Spaces
- Property Sub Type: Mixed Use
- Rental Price: 15
- Tax Annual Amount: 1687
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
- Total Annual Expense Source: Owner Projection
- Total Monthly Income: 7515
- Township: Hyde Park
- Trash Expense Source: Actual
- Water Expense Source: Actual
- Water Sewer Expense: 3300
©2026, Midwest Real Estate Data (MRED). All rights reserved.