7922 S Pulaski Road
Chicago, IL 60652

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Description

Once in a lifetime opportunity with this commodity mixed-use building in excellent rental location. Longtime ownership. This building was custom built by the original Gallagher & Henry Builders for their headquarters while building the luxury residential units in the Bogan Manor and Ashburn areas. The main level features two commercial/office spaces - 1N has 1,400 sq ft with private offices, two restrooms, and direct access to the two-car attached garage; 1S has 1,700 sq ft with open office spaces along with private office areas and large educational/conference room, two bathrooms, and ample storage. Each of these units has a separate GFA/CA heating system paid for by the tenant. The main level also has a large coin-operated laundry room along with individual storage closets for each residential tenant. The second level has six 4-room, 1-bedroom units - living room, dining room, galley kitchen with pantry, extra closets, and the bedroom. Each of the four corner units has two closets in the bedroom, one a walk-in. The apartments (fully rented) are all-electric, tenant paid and include the refrigerator and range/oven. The parcel has two PINs - the stated tax amount is for both PINs. Sought-after private on-site fenced parking lot for 17 vehicles - each apartment includes one space at the back of the building - recently resurfaced and upgraded. This is Flexicore construction - all face brick exterior. Each commercial unit has a furnace room. One 100-gallon water tank for the building. Many upgrades throughout. All units have leases. Building measures 50'x90' - approximately 9,000 sq ft. Overall lot size is 87'x130'. Truly a remarkable opportunity for owner-user or investor. Entire property is in excellent condition - in and out. Thanks for your interest.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60652
• Year Built: 1969
• Sq.Ft.: 9,000 sq ft
• Stories: 2
• Units: 8 units
• Zoning: COMMR
• # Of Apts: 6
• # Of Dryers: 1
• # Of Offices: 2
• # Of Ranges: 6
• # Of Refrigs: 6
• # Of Tenants: 8
• # Of Washers: 1
• # Of Window/Ac: 6
• Additional Parcels: Yes
• Approximate Age: Older
• Building Area Total: 9000
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick, Block, Steel Siding, Stone
• Cooling: Central Air, Wall Sleeve
• Directions: Pulaski Road to 79th Street - then to 7922-24.
• Electric: Circuit Breakers, Separate Meters, Service - 0 to 100 Amps
• Electric Expense: 350
• Electric Expense Source: Actual
• Expense Year: 2024
• Fire Protection: Fire Extinguisher/s, Carbon Monoxide Detector(s)
• Flooring: Carpet, Concrete, Tile, Vinyl
• Foundation Details: Concrete Perimeter
• Geographic Locale: Chicago Southwest
• Gross Income: 119180
• Gross Rent Multiplier: 10.4
• Gross Scheduled Income: 120450
• Heat/Ventilation: Central Heat/Indiv Controls, Electric, Forced Air, Gas
• Information: 24-Hr Notice Required, List Broker Must Accompany, No Sign on Property
• Insurance Expense: 5915
• Insurance Expense Source: Actual
• Known Encumbrances: None Known
• Location: Mixed Use Area, Public Transport Avail, In City Limits, High Traffic Area
• Lot Size Square Feet: 11310
• Main Type: Commercial Sale
• Misc Inside: Storage Inside, Laundry Room
• Misc Outside: Enclosed Stairs, Security Lighting
• Other Expense: 14022
• Other Expense Source: Actual
• Outdoor Parking: 13-18 Spaces
• Ownership Type: Land Trust
• Property Sub Type: Mixed Use
• Roof: Membrane
• Roof Structure: Flat, Pitched
• Tax Annual Amount: 18868
• Tax Year: 2023
• Tenant Pays: Air Conditioning, Electricity, Heat, Insurance, Varies by Tenant
• Total Monthly Income: 9932
• Township: Lake
• Trash Expense: 2783
• Trash Expense Source: Actual
• Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Available
• Water Expense Source: Actual
• Water Sewer Expense: 1912
• Water Source: Municipal Water