Commercial: Mixed Use - MLS# 12456232
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Description
Rare find, amazing legacy building with 10 residential apartments and 2 storefront retail/office spaces. Building is fully occupied with no issues with vacancy and long term tenants due to the great location and condition of the building and units. Each of the residential apartments are all being used at 2 bedroom/ 1 bathroom units all with hardwood floors. The store fronts recently became vacant; a "vanilla box" ready for the next tenant at 6600 Clark and 6602 used to be an office and is also vacant. This building has very little deferred maintenance, great condition and a longtime owner who is ready to retire soon. Offering Memorandum could be provided with request.
Features
- Property Type: Commercial
- Sub Type: Mixed Use
- Listing Status: Active Under Contract
- County/Area: Cook County
- Zip Code: 60626
- Year Built: 1927
- Stories: 2
- Units: 12 units
- # Of Apts: 10
- # Of Offices: 2
- # Of Stores: 2
- Approximate Age: Older
- Built Before 1978 (Y/N): Yes
- Cooling: Window Unit(s)
- Directions: North or South to Albion, property is located on the North-West Corner of Albion and Clark
- Electric: Separate Meters, Service - 0 to 100 Amps
- Electric Expense: 1025
- Fuel Expense: 15333
- Geographic Locale: Chicago North
- Gross Income: 203520
- Gross Rent Multiplier: 12
- Gross Scheduled Income: 203520
- Heat/Ventilation: Hot Water
- Information: 48-Hr Notice Required
- Insurance Expense: 2500
- Lot Size Square Feet: 6622
- Main Type: Commercial Sale
- Original Rental Price: 10
- Rental Price: 10
- Tax Annual Amount: 24750
- Tax Year: 2022
- Tenant Pays: Electricity
- Total Monthly Income: 16960
- Trash Expense: 2400
- Virtual Tour Date: 2025-08-26T22:27:28
- Water Sewer Expense: 7441
Contact:
(312) 437-7799
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