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$ 995,000
Est. payment | /mo
7,575 SqFt
$ 995,000
Est. payment | /mo
7,575 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,575 sqft
Price per Sqft $131
MLS Listing ID 12294618
Year Built 1957
Annual Tax Amount $7,703
Tax Year 2023
Lot Dimensions .14 AC
Property Sub-Type Mixed Use
Property Description
Fully renovated mixed-use building in the heart of Chicago's Beverly neighborhood, offering a prime investment opportunity. This property features a newly built +/- 2,175 SF turnkey restaurant with a commercial hood, walk-in cooler, and dine-in seating, completed in May 2024. Additionally, a +/- 1,500 SF remodeled office space includes a kitchenette, full bath, private office, and open work area, ideal for various business uses. The spacious +/- 2,575 SF residential unit boasts 4 bedrooms, 3 bathrooms, in-unit laundry, a rooftop balcony, and a gaming room, currently utilized as an Airbnb. A +/- 1,325 SF garage accommodates up to five vehicles or additional storage, perfect for contractors or small warehousing. Recent upgrades include a full roof tear-off and replacement (2024), new restaurant build-out with commercial-grade features, and individual HVAC systems for each unit (2022). Located in a high-demand, walkable area near the Rock Island Metra line, restaurants, and retail shops, this property ensures strong long-term investment potential. Great income producing investment with little maintenance and outstanding financials at11 cap / proforma 6.5 GRM on return.
Location
State IL
County Cook
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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Listed by Brittany Villalobos • First In Realty, Inc.
"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