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$ 514,900
Est. payment | /mo
4,482 SqFt
$ 514,900
Est. payment | /mo
4,482 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,482 sqft
Price per Sqft $114
MLS Listing ID 12185618
Year Built 1920
Annual Tax Amount $10,626
Tax Year 2023
Lot Dimensions 30X125
Property Description
**Prime Commercial/Residential Property on Historic Route 66** Built in 1920, this meticulously maintained corner Brick building on historic Route 66 offers a total of 4,664 sq. ft. of Commercial and Residential space. The property includes 2 Bedrooms, 2 1/2 Baths, and a range of updated features. The ground floor houses a 1,250 sq. ft. hair salon, fully remodeled in 2015, with New Flooring, Lighting, HVAC, and Electrical. The salon is currently leased, with the tenant interested in renewing their lease upon its expiration in April 2025. The residential space includes a two-Bedroom apartment is currently occupied by owner and featuring a Living Room, Dining Doom, Kitchen with oak Cabinets, laminate Countertops, and an island for eating space, along with a full Bath and Laundry Room. The property's back portion includes an unfinished 630 sq. ft.(45'x14') above the garage accessible from enclosed rear porch, providing potential for additional living space. There is also additional living space about the salon that has a Living Room, Kitchenette and 3/4 bath. An attached heated six-car garage with 220 electrical service was previously rented for by an antique car collector, offering further income potential. The building has been well-maintained, with New Windows replaced two years ago, storefront windows upgraded in 2023, and tuckpointing completed two years ago. There is also a large full unfinished Basement that is currently being used for storage. This property is ideal for both investors and business owners. The combination of a prime location, stable rental income, and opportunities for expansion makes it a rare find. With the owners retiring and considering relocation out of state, this is the perfect time to take advantage of this unique offering.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Central Air
Fireplace Y
Exterior
View Y/N true
Roof Type Membrane
Building
Foundation Concrete Perimeter
Structure Type Brick,Concrete
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Giovanni Arenella • Century 21 Circle
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
2600 S. Michigan Ave., STE 102, Chicago, IL, 60616, United States