1953 W Roscoe Street
Chicago, IL 60657

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Description

WOW!....ROSCOE VILLAGE (4) STAR LOCATION ON THE ROSCOE STREET STRIP! A RENOVATED (6) UNIT VINTAGE BRICK CONSTRUCTED (3) STORY MIXED-USE BUILDING WITH (1) COMMERCIAL RETAIL STOREFRONT WITH (5) RESIDENTIAL RENTAL UNITS. (6) PARKING SPACES & A SIDE YARD! ALL RENTALS ARE (2BR-1BATH) UNITS WITH SEPARATE HEAT & HOT/W TANKS. IN ADDITION TO A FULLY OCCUPIED BLDG. THERE IS ADDITIONAL INCOME FROM THE WEST EXPOSURE SIGNAGE. ...AND SOON A PROPOSED & PENDING CELL TOWER LEASE ADDING $2,000 PER MONTH! A FULL UNFINISHED BASEMENT HAS POTENTIAL FOR OTHER USES. ALL THIS ON A SITE OF (37.5) FOOT WIDE LOT! COIN LAUNDRY IN BASEMENT ADDS ADDITIONAL INCOME. (GRM) IS EST. PROFORMA AT FULL MARKET RENTS DUE TO LONG TERM TENANTS & FAMILY.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60657
• Year Built: 1893
• Sq.Ft.: 6,336 sq ft
• Stories: 3
• Units: 6 units
• Zoning: COMMR
• # Of Apts: 5
• # Of Dishwashers: 5
• # Of Disposals: 5
• # Of Dryers: 1
• # Of Offices: 1
• # Of Ranges: 5
• # Of Refrigs: 5
• # Of Stores: 1
• # Of Washers: 1
• Approximate Age: Older
• Building Area Total: 6336
• Built Before 1978 (Y/N): Yes
• Cap Rate: 7
• Construction Materials: Brick
• Cooling: Window Unit(s)
• Directions: West of Ravenswood Ave. East of Western Ave. North of Belmont Ave. South of Addison Street.
• Electric: Separate Meters, Service - 101 to 200 Amps
• Electric Expense: 600
• Electric Expense Source: Actual
• Expense Year: 2025
• Fire Protection: Fire Extinguisher/s
• Flooring: Concrete, Tile, Wood
• Foundation Details: Brick/Mortar, Stone
• Fuel Expense: 600
• Fuel Expense Source: Actual
• Geographic Locale: Chicago North, Chicago Northwest
• Gross Income: 165000
• Gross Rent Multiplier: 9.5
• Gross Scheduled Income: 189000
• Heat/Ventilation: Forced Air, Gas
• Information: 24-Hr Notice Required, List Broker Must Accompany
• Insurance Expense: 12000
• Insurance Expense Source: Actual
• Known Encumbrances: None Known
• Location: Mixed Use Area
• Lot Size Square Feet: 4687
• Main Type: Commercial Sale
• Misc Inside: Accessible Entrance, Multi-Tenant, Skylight/s, Storage Inside, Basement
• Operating Expense: 45000
• Original Rental Price: 16
• Outdoor Parking: 6-12 Spaces
• Ownership Type: Individual
• Property Sub Type: Mixed Use
• Rental Price: 16
• Retail SqFt: 1500
• Roof: Membrane
• Roof Structure: Flat
• Tax Annual Amount: 25686
• Tax Year: 2024
• Total Actual Rent: 2000
• Total Annual Expense Source: Actual
• Total Monthly Income: 13750
• Township: Lake View
• Trash Expense: 1500
• Trash Expense Source: Actual
• Water Expense Source: Actual
• Water Sewer Expense: 2400