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Listed by Claudia Hernandezof RE/MAX Mi Casa
$ 450,000
Est. payment | /mo
$ 450,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 12464645
Year Built 1929
Annual Tax Amount $6,337
Tax Year 2023
Lot Dimensions 25 X 125
Property Sub-Type Mixed Use
Property Description
Endless possibilities await in this massive, all-brick mixed-use building located in one of the most desirable and high-traffic areas on Archer Street. Formerly configured as two separate residential apartments with a commercial storefront on the first floor, the property has since been converted into a sprawling, oversized apartment occupying the entire second level. This spacious residential unit offers incredible potential to reconfigure back into two separate apartments-perfect for an owner-occupant looking to live in one and rent the other, or for an investor seeking strong rental income. The first floor features a prominent commercial space with excellent street visibility, ideal for a variety of businesses-retail, office, salon, studio, or more. With constant foot and vehicle traffic, this location is a prime spot to operate or lease out a thriving business. Additional highlights include a rare and massive 4-car garage, private rooftop access with potential for a rooftop deck, and four separate furnaces, offering flexibility for future multi-unit setup or zone-controlled heating. The solid brick construction adds both durability and timeless curb appeal. This is a truly unique opportunity in a high-demand area surrounded by shops, dining, public transit, and with easy access to downtown. Whether you're looking to live, work, invest-or all three-this building is a versatile canvas ready for your vision. Don't miss out on making this one-of-a-kind property your own.
Location
State IL
County Cook
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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2600 S. Michigan Avenue, Suite 102, Chicago, IL, 60616, United States