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Key Details
Sold Price $1,600,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $266
MLS Listing ID 11733489
Sold Date 08/01/23
Year Built 1920
Annual Tax Amount $17,645
Tax Year 2021
Lot Dimensions 80 X 93
Property Sub-Type Mixed Use
Property Description
BEAUTIFUL MIXED USE COMMERCIAL BUILDING. 2 NICELY RENOVATED APARTMENTS UPSTAIRS & FULLY FUNCTIONAL RESTAURANT & GELATO SHOP IN THE COMMERCIAL SPACES. RIGHT IN FRONT OF THE CHICAGO BLUE LINE STOP. 12 PARKING SPACES BEHIND THE BUILDING. FANTASTIC OPPORTUNITY FOR THE SAVVY INVESTOR/OPERATOR. CURRENT REVENUE IS $7400 -APT 1 IS A 2 BED 1 BATH 1,100 SQ FT @ $1,900 -APT 2 IS A 2 BED 1 BATH 1,100 SQ FT @ $1500 -RESTAURANT 1 IS 2800 SQ FT + FULL BASEMENT AT $1500 A MONTH RENT (FAMILY) RESTAURANT WILL VACATE. THEY PAY WATER FOR BLDG. -RESTAURANT SPACE 2 IS 500 SQ FT & RENT IS $2,500 M0 -INSURANCE IS $9,800 THE RESTAURANT SHOULD BE GETTING $7K A MONTH PLUS CAMS. THE APARTMENTS ARE UNDER MARKET AND SHOULD BE $2K + A MONTH. STABILZED THIS SHOULD BRING IN AROUND $13-$14K A MONTH..AROUND $150K NET INCOME POTENTIAL.
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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Bought with Angelo Apostolou • @properties Christie's International Real Estate
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