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$499,000
Est. payment /mo
10,508 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 10,508 sqft
Price per Sqft $47
MLS Listing ID 12183675
Year Built 1907
Annual Tax Amount $16,049
Tax Year 2022
Lot Dimensions 0.317
Property Sub-Type Mixed Use
Property Description
Excellent investment opportunity in the Greater Grand Crossing / Park Manor area. Mixed Residential and Commercial building consisting of 3 Commercial spaces and 7 residential units. The residential unit mix is (2) 3 bedroom units and (5) 2 bedroom units. The commercial unit mix is currently an occupied church, occupied restaurant and an occupied not for profit organization. The church has been there for 5 years and is considered a building hub and staple to the community. There are 7 residential units fully occupied. There are individual furnaces (7 yrs old), water heaters and electrical panels for all commercial and residential units and 3 AC units for the commercial spaces. The roof was re-coated 3 years ago and the porches and electrical were upgraded to City of Chicago building code 3 years ago The building has 3 separate PIN numbers and is currently cash flowing with potential growth. There is an 18,070 square foot lot adjacent to the building that can be negotiated and included in this deal. Awesome investment for the seasoned investor looking to grow their portfolio.
Location
State IL
County Cook
Interior
Cooling Central Air
Fireplace N
Exterior
Utilities Available Natural Gas Available, Sewer Connected, Water Available
View Y/N true
Building
Foundation Concrete Perimeter
Water Municipal Water
Structure Type Concrete,Brick
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Listed by David Johnson • eXp Realty, LLC