2,376 sq ft
Commercial: Mixed Use - MLS# 12594190
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Description
Cash Flow King! Unique Opportunity in the Heart of South Chicago, Commercial 2-Unit with Endless Potential! Investors, take note! This commercial/residential hybrid is a rare find in the Chicago market, especially close to the new Quantum and Microelectronics Park, offering immediate income and massive value-add potential. Whether you're looking to build your portfolio or find a "live-and-earn" property, this 2-unit powerhouse is ready to perform. Unit 1 - Ground Floor Commercial Income. Currently fully rented and operating as a church, the first floor offers a sprawling, open-concept floor plan. With high visibility and its own half-bath, this versatile space is perfect for its current use or could easily transition into a retail storefront, professional studio, or office space in the future. Currently has 2 - half bathrooms. Unit 2: Spacious Residential Apartment. The second floor isn't just an apartment-it's a spacious, income-generating home. Value-Add Alert - Currently a massive 2-bedroom, 1-bath layout, there is dedicated space already in place to easily convert this into a 3-bedroom unit, instantly boosting your rental comps! Features include a bright living room and a massive eat-in kitchen that tenants will love. Extra Living Space- A heated back porch adds year-round square footage, making it a standout in the rental market. The "Investor Specials - Dual Income Streams, Commercial and residential combined for maximum stability. Parking Perks- A 2-car garage (as-is) and plenty of street parking available-a high-demand asset in the city that can be rented separately for additional monthly cash flow. Turn-Key Ready - Currently rented out, so you can start seeing a return from day one. Whether you're looking to collect dual rent or move into the top floor while running your business below, this property is a rare find. Properties with this kind of versatility and growth potential don't stay on the market long.
Features
- Property Type: Commercial
- Sub Type: Mixed Use
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60617
- Sq.Ft.: 2,376 sq ft
- Stories: 2
- Units: 2 units
- Zoning: MULTI
- # Of Apts: 1
- # Of Ranges: 1
- # Of Refrigs: 1
- # Of Stores: 1
- # Of Tenants: 2
- Approximate Age: Older
- Building Area Total: 2376
- Construction Materials: Brick
- Cooling: Central Air
- Directions: 93rd. Street East to 2711 E. 93rd.
- Electric: Separate Meters
- Expense Year: 2025
- Fire Protection: Fire Extinguisher/s
- Foundation Details: Concrete Perimeter
- Fuel Expense: 3052
- Fuel Expense Source: Actual
- Geographic Locale: Chicago South
- Gross Income: 35400
- Gross Rent Multiplier: 6.45
- Gross Scheduled Income: 35400
- Heat/Ventilation: Gas
- Indoor Parking: 1-5 Spaces, Detached
- Information: List Broker Must Accompany, 48-Hr Notice Required
- Insurance Expense: 1495
- Known Encumbrances: None Known
- Lot Size Square Feet: 3125
- Main Type: Commercial Sale
- Misc Outside: Enclosed Porch
- Office SqFt: 1188
- Original Rental Price: 15.74
- Other Expense: 300
- Ownership Type: Individual
- Property Sub Type: Mixed Use
- Rental Price: 15.74
- Roof: Rubber
- Roof Structure: Flat
- Tax Annual Amount: 3082
- Tax Year: 2024
- Tenant Pays: Air Conditioning, Electricity
- Total Annual Expense Source: Actual
- Total Monthly Income: 2950
- Township: South Chicago
- Water Sewer Expense: 957
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