Commercial: Mixed Use - MLS# 12509781
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Description
Great Opportunity to own this highly coveted Mixed Use building on the northwest corner of Kedzie and Huron. There are two side by side buildings involved in the sale, 700 North Kedzie and 3204 West Huron. The assets been in the same family for over 50 years and have been very well maintained and cared for. There are a total of 9 units, 7 Residential and 2 commercial spaces. 6 of the residential units have been recently rehabbed and currently rented with long term tenants. All units have under market rents. 1 Residential Unit has not been rehabbed. Both Commercial Spaces are vacant. This is a great value add opportunity as the vacant units can be rehabbed and rents increased.
Features
- Property Type: Commercial
- Sub Type: Mixed Use
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60612
- Year Built: 1890
- Stories: 3
- Units: 9 units
- # Of Apts: 7
- # Of Stores: 2
- Additional Parcels: Yes
- Approximate Age: Older
- Built Before 1978 (Y/N): Yes
- Cooling: Central Air
- Directions: Chicago Avenue to Kedzie Avenue, then South to 700N. Kedzie. Two Buildings on the South West side of the street.
- Electric: Circuit Breakers, Separate Meters, Service - 101 to 200 Amps
- Electric Expense: 720
- Fire Protection: Partially Sprinklered
- Geographic Locale: Chicago West
- Gross Income: 112800
- Gross Rent Multiplier: 7.9
- Gross Scheduled Income: 112800
- Heat/Ventilation: Forced Air, Gas
- Information: List Broker Must Accompany
- Insurance Expense: 5400
- Lot Size Square Feet: 7564
- Main Type: Commercial Sale
- Original Rental Price: 9
- Property Sub Type: Mixed Use
- Rental Price: 9
- Retail SqFt: 2400
- Tax Annual Amount: 14602
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
- Total Actual Rent: 3500
- Total Monthly Income: 9400
- Trash Expense: 1320
- Virtual Tour Date: 2025-11-03T17:48:04
- Water Sewer Expense: 4500
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