4800 S Wood Street
Chicago, IL 60609

More
Photos »

Tools & Resources:

Description

Excellent investment opportunity in Back Of The Yards! Currently setup with retail space on front portion of lower level plus single residential unit in the rear. Second floor is setup with 3 apartments and walkup finished attic for additional potential living space. Currently zoned RS3 (pure multi family) with potential to rezone for mixed use. Old retail space can be easily divisible into 2 storefronts with successful rezoning - perfect size for a local nail salon, hairdresser, etc. Other option is to convert the old retail space into a large apartment to create a HUGE 4 unit property. Full unfinished basement, plus full finished attic. Nearly $200K worth of work already completed including brand new roof, windows, and tuckpointing. Each floor is approx 3000 sq feet and would allow for a wide variety of floor plans. Take advantage of the full finished attic by creating duplex up apartments. Great location within close proximity to multiple supermarkets, shopping on 47th and Ashland, Davis Park, I-90 Expressway, Western Orange Line just 1 mile away. Potential seller financing is available, otherwise CASH ONLY.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active Under Contract
• County/Area: Cook County
• Zip Code: 60609
• Year Built: 1908
• Sq.Ft.: 5,172 sq ft
• Stories: 3
• Units: 5 units
• # Of Apts: 4
• # Of Stores: 1
• Approximate Age: Older
• Building Area Total: 5172
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Directions: S Ashland Ave To Wood St
• Electric: Circuit Breakers
• Geographic Locale: Chicago South
• Lot Size Square Feet: 3000
• Main Type: Commercial Sale
• Property Sub Type: Mixed Use
• Tax Annual Amount: 2743
• Tax Year: 2023
• Tenant Pays: Electricity, Heat