Bought with Hector Castaneda • Open Path Realty
$967,500
$1,050,000
7.9%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 05/15/2025
Key Details
Sold Price $967,500
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12169404
Sold Date 05/15/25
Year Built 1926
Annual Tax Amount $6,930
Tax Year 2023
Lot Dimensions 25 X125
Property Sub-Type Multi Family 5+
Property Description
Fantastic corner building in West Humboldt Park. This renovated 7 unit building has 5 apartments and 2 retail spaces. This fully occupied building features mostly hardwood and some vinyl flooring, individual furnaces, stainless steel appliances, granite countertops, and overall condo quality units. The unit mix for the apartments: 4- 2 bedroom / 1 bathroom ; 1- 2 bedroom / 2 bathroom; 2 retail spaces; 1 parking space. The tenants are market rate with separate utilities, with the retail tenants being billed back for usage. Overall low operating expenses. Retail tenants are on long term GM leases. Outdoor signage income as well. This neighborhood has been rapidly improving with the recent addition of the Amazon distribution center is only fueling the growth. This is a great cash flowing investment property with a diversified income stream. Can be purchased with 3962 W Grand (MLS# 12161123)
Location
State IL
County Cook
Interior
Cooling None
Fireplace Y
Exterior
Utilities Available None
View Y/N true
Roof Type Membrane
Building
Foundation Concrete Perimeter
Structure Type Brick
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2600 S. Michigan Ave., STE 102, Chicago, IL, 60616, United States