501 W 111th Street
Chicago, IL 60628

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Description

Attention investors, flippers, and contractors! This is your blank canvas: a solid, all-brick, mixed-use building with a proven income-generating layout (storefront + 3 apartments). The mixed-use building features a commercial storefront and three apartments. This building can produce significant income when all units are rented. Sold as-is, the seller is motivated, and there is a lot of value to this property. For the right buyer, this represents a rare chance to customize a cash-flowing asset from the ground up and build significant equity. Schedule a tour today.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active Under Contract
• County/Area: Cook County
• Zip Code: 60628
• Year Built: 1922
• Stories: 2
• Units: 4 units
• Zoning: MULTI
• # Of Apts: 3
• # Of Stores: 1
• Approximate Age: 36-50 Years
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Directions: I-94 (Bishop Ford Freeway): The closest major interstate. You would take exit 72 (111th Street/115th Street) and head west on 111th St. 111th street to normal
• Electric: Circuit Breakers
• Geographic Locale: Chicago South
• Lot Size Square Feet: 3750
• Main Type: Commercial Sale
• Operating Expense: 3000
• Ownership Type: Corporation
• Property Sub Type: Mixed Use
• Tax Annual Amount: 3625.84
• Tax Year: 2024
• Tenant Pays: Varies by Tenant
• Total Annual Expense Source: Broker Projection
• Township: Hyde Park