Commercial: Mixed Use - MLS# 12500441
Tools & Resources:
Description
A great location of east Rogers Park neighborhood offering a highly dense residential and commercial traffic corridor, at the corner of Clark St. and Morse Ave. 2-story mixed use building featuring main level operating leased restaurant with year-to-year lease; 2nd level with 1 large unit converted/divided to 2-small apartments each 1 bedroom, 1 bath, and building is with unfinished basement. Strong street presence, across the street from Byline bank, near Rogers Park, Chicago Public Library, Train station at Ravenswood Ave. Howard St. and Clark St. Red, Purple, and Yellow Lines, and McDonald's restaurant. Advertisement wall opportunity on the south portion of building. Note the building has 2 systems of heat; restaurant has gas forced air with central AC with utilities paid by tenant. 2nd floor units have radiant heating system/no AC with utilities paid by landlord. The units rent include heat paid by landlord. Walking distance to other major convenient retailers.
Features
- Property Type: Commercial
- Sub Type: Mixed Use
- Listing Status: Active Under Contract
- County/Area: Cook County
- Zip Code: 60626
- Year Built: 1903
- Stories: 2
- Units: 2 units
- Zoning: MULTI
- # Of Apts: 1
- # Of Stores: 1
- # Of Tenants: 3
- Approximate Age: Older
- Built Before 1978 (Y/N): Yes
- Construction Materials: Brick
- Cooling: Central Air
- Directions: North of Pratt Ave. South of Touhy Ave. At the corner of Clark St. at Morse Ave.
- Electric: Circuit Breakers
- Fire Protection: Fire Extinguisher/s
- Foundation Details: Concrete Perimeter
- Fuel Expense: 3500
- Geographic Locale: Chicago Northwest
- Gross Income: 48420
- Gross Scheduled Income: 48420
- Heat/Ventilation: Forced Air, Gas
- Indoor Parking: 1-5 Spaces
- Information: 48-Hr Notice Required
- Insurance Expense: 3632
- Known Encumbrances: None Known
- Location: Central Business District, Corner, Mixed Use Area, Public Transport Avail, In City Limits, High Traffic Area
- Lot Size Square Feet: 4375
- Main Type: Commercial Sale
- Ownership Type: Individual
- Property Sub Type: Mixed Use
- Tax Annual Amount: 7470
- Tax Year: 2023
- Total Monthly Income: 4035
- Water Sewer Expense: 2500
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