2,976 sq ft
Commercial: Mixed Use - MLS# 12502090
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Description
Mixed-Use Brick Building in Belmont Cragin. Spacious 3-bedroom apartment above a thriving storefront, currently occupied by a church. The apartment features large rooms, a cozy living room, and central A/C in both units for year-round comfort. The storefront boasts two expansive, open rooms, offering flexible space for various business uses. The property also includes a generous backyard with a concrete slab, sliding iron gate, and parking for multiple vehicles. Convenient access to the basement from the backyard provides additional storage or workspace. Great opportunity for an investor or owner-occupant looking for a live/work setup!
Features
- Property Type: Commercial
- Sub Type: Mixed Use
- Listing Status: Active Under Contract
- County/Area: Cook County
- Zip Code: 60641
- Year Built: 1963
- Sq.Ft.: 2,976 sq ft
- Stories: 2
- Units: 2 units
- # Of Apts: 1
- # Of Stores: 1
- # Of Tenants: 2
- Approximate Age: Older
- Building Area Total: 2976
- Built Before 1978 (Y/N): Yes
- Cap Rate: 7
- Construction Materials: Brick
- Cooling: Central Air
- Directions: Cicero Ave (4800W), to Property.
- Electric: Circuit Breakers
- Fire Protection: Carbon Monoxide Detector(s)
- Flooring: Tile, Vinyl, Wood
- Geographic Locale: Chicago Northwest
- Gross Income: 43000
- Gross Rent Multiplier: 8
- Gross Scheduled Income: 50000
- Heat/Ventilation: Forced Air, Gas
- Information: 24-Hr Notice Required, List Broker Must Accompany
- Insurance Expense: 3100
- Lot Size Square Feet: 3100
- Main Type: Commercial Sale
- Outdoor Parking: 6-12 Spaces
- Roof Structure: Flat
- Tax Annual Amount: 3798.42
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
- Total Monthly Income: 3600
- Water Sewer Expense: 2400
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