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$ 795,000
Est. payment | /mo
5,550 SqFt
$ 795,000
Est. payment | /mo
5,550 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,550 sqft
Price per Sqft $143
MLS Listing ID 12663078
Year Built 1891
Annual Tax Amount $8,795
Tax Year 2023
Lot Dimensions 25X128
Property Sub-Type Mixed Use
Property Description
Nestled in a vibrant neighborhood close to parks, shops, public transit, and bustling local businesses, this updated property offers a rare investment opportunity. Spanning two separate buildings, it features an impressive, income-generating setup: a 4-unit residential section plus a restaurant space, totaling 7 bedrooms and 4 full bathrooms. The front building boasts a highly visible restaurant or commercial space on the ground floor, drawing steady foot traffic, with a spacious 2-bedroom, 1-bath apartment above and a full basement below. Coin-operated laundry in the basement provides extra income for the owner. The rear building enhances the property's value with two additional 2-bedroom, 1-bath apartments and a basement unit. A 1-car garage adds convenience, while tenants covering all utilities keeps expenses low. The mixed-use design means you benefit from both residential and commercial tenants, ensuring a diverse and steady income stream.
Location
State IL
County Cook
Area Chi - South Lawndale
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Mixed Use
Structure Type Brick
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Listed by Tatiana Perry of Berkshire Hathaway HomeServices Chicago
NEARBY SCHOOLS & PROPERTIES
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2600 S. Michigan Avenue, Suite 102, Chicago, IL, 60616, United States