3200 - 3210 W 26th Street
Chicago, IL 60623

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Description

***2024 property tax REDUCTION increases CAP Rate!*** ***223 FT. OF PRIME FRONTAGE PROPERTY - NOW 9.32 CAP RATE FULLY LEASED*** Well maintained brick building owned, cared for and managed by same family for decades. Located at very high traffic intersection of 26th St. & Kedzie Ave. in Chicago's Little Village Neighborhood. Average daily traffic count of 28,000 vehicles, high foot traffic, on primary CTA bus-line. Close to I-290/I-94 & I-55. First floor features 6 commercial storefronts - all are leased. Second floor has 2 spaces - a leased apartment and an available office/storage space for rent (appx. $2K) or owner discretional space. Commercial storefronts have reputable and longtime tenants/businesses providing steady/reliable income. 6+ parking spaces in back of building offer additional revenue opportunities. Call for further details, questions and showings. Allow 2-3 days advance notice for showing appointment requests. Please do not disturb tenants or their businesses.

Features

• Property Type: Commercial
• Sub Type: Retail/Stores
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60623
• Year Built: 1899
• Sq.Ft.: 13,250 sq ft
• Stories: 2
• Units: 8 units
• Zoning: COMMR
• # Of Tenants: 7
• Building Area Total: 13250
• Cap Rate: 9.32
• Construction Materials: Brick
• Cooling: Central Air
• Directions: 26th St. & Kedzie Ave. Corner building extends onto both streets.
• Electric: Circuit Breakers
• Expense Year: 2024
• Extra Storage Spaces Available (Y/N): Yes
• Fire Protection: Fire Extinguisher/s
• Gross Income: 346320
• Heat/Ventilation: Forced Air
• Information: List Broker Must Accompany
• Investment (Y/N): Yes
• Leasable Area Units: Square Feet
• Location: Central Business District
• Lot Size Square Feet: 12250
• Main Type: Commercial Sale
• Misc Inside: Common Lunchroom/s, Common Meeting Room/s, Accessible Entrance, Accessible Washroom/s, Inside Corridor/s, Public Restroom/s, Storage Inside, Basement
• Operating Expense: 74580
• Outdoor Parking: 6-12 Spaces
• Property Offered: For Sale Only
• Tax Annual Amount: 59067
• Tax Year: 2024
• Tenant Pays: Air Conditioning, Electricity, Heat, Scavenger