$1,030,000
$1,049,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 02/25/2022
Key Details
Sold Price $1,030,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11246929
Sold Date 02/25/22
Year Built 1911
Annual Tax Amount $9,706
Tax Year 2019
Lot Dimensions 50 X 138.5
Property Sub-Type Mixed Use
Property Description
Vibrant South Chicago Commerical Cooridor. Perfect Turn Key 100% Fully Stablized 9.5% ++ Cap rate. Exceptional Gut Renovated Over Engineered Monsterous 6 Unit Trophy Mixed Use spans 50 feet of Frontage and consumes majorirty of 138.5 deep lot with attached garage parking and 2 massive side by side full basements. Retail Anchored by Long Term Medical Center & Childrens Academy coupled with 4 Hyper Luxury Residential 3 bedroom 2 bath Units - Features gorgeous red oak hardwood floors and a spacious living/dining/kitchen with huge windows. Stunning kitchen has 42" cherry cabinets, stainless steel appliances including refrigerator, dishwasher and microwave, and a large peninsula with seating for three. The large master bedroom has two closets with double-hanging stainless steel organizers and en-suite bathroom with a whirlpool tub. Washer Dryer in Units, All Separate Gas Forced Air and Central Air, Over-sized rear deck offers phenomenal outdoor space. Light fixtures equipped with Decora switches and dimmers & strategically placed cable & electric for flat-screen televisions. Conveniently close Lake Shore Drive & Within a Block of Major Buses. Set in Booming Economic Hot Spot that is Poised for Continued Growth steps from City RFP INVEST SOUTH WEST. Gross Income 156K, 100% Occupied Strong NOI Offers 9.5++ CAP RATE. Join the continued commerce on Commerical. Perfect 1031 or Armchair Cash Cow. 48 hours Notice required for all showings M-F.
Location
State IL
County Cook
Area Chi - South Chicago
Interior
Cooling Central Air
Fireplace N
Building
Level or Stories 3
Structure Type Brick
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Bought with Alison Ali • Keller Williams Innovate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "