2350 W Grand Avenue
Chicago, IL 60612

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Description

South UK Village all brick 5 unit 3 story property. 4 Apartments have been completely rehabbed within the last 15 years with new electric and plumbing. Hardwood floors, gas furnace with central air. Rents below market value but can easily be raised. Storefront has lease till 2027 Property includes an attached 1 plus car garage with tons of storage space and 13 foot ceilings. Property collects additional advertising on side of building. PARKING LOT next door does not belong to the owner and is currently not for sale.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60612
• Year Built: 1951
• Stories: 3
• Units: 4 units
• # Of Apts: 4
• # Of Offices: 1
• # Of Stores: 1
• # Of Tenants: 5
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Cooling: Central Air
• Directions: Corner of western and grand
• Electric: Circuit Breakers
• Geographic Locale: Chicago West
• Gross Income: 83000
• Gross Rent Multiplier: 8
• Gross Scheduled Income: 83000
• Heat/Ventilation: Forced Air
• Indoor Parking: 1-5 Spaces
• Information: List Broker Must Accompany
• Insurance Expense: 5500
• Lot Size Square Feet: 3500
• Main Type: Commercial Sale
• Operating Expense: 26000
• Original Rental Price: 20
• Outdoor Parking: None On Site
• Property Sub Type: Mixed Use
• Rental Price: 20
• Roof Structure: Flat
• Tax Annual Amount: 19877
• Tax Year: 2023
• Tenant Pays: Air Conditioning, Electricity, Heat
• Total Monthly Income: 6900
• Water Sewer Expense: 3454