$620,000
$739,000
16.1%For more information regarding the value of a property, please contact us for a free consultation.
5,500 SqFt
SOLD DATE : 01/16/2025
Key Details
Sold Price $620,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 5,500 sqft
Price per Sqft $112
MLS Listing ID 12036088
Sold Date 01/16/25
Year Built 1930
Annual Tax Amount $7,320
Tax Year 2022
Lot Dimensions 25X125
Property Sub-Type Mixed Use
Property Description
Investment opportunity to own an all brick 6 Unit Mixed-Use building in Chicago's Belmont-Cragin neighborhood. This property features 4 - 2bd/1ba units, 1 - 1bd/1ba unit, and a local bar on the main level. The 3 rear residential units have been completely gut rehabbed in 2015 and are condo quality including hardwood floors, stainless steel appliances, and granite counters. The 2 front residential units had some updates. All 6 units have their individual HVAC and the 2 rear units have their individual hot water heaters. The roof was updated in 2015. The current rent is WELL BELOW market value and are all month to month. (With the market value, the Total Annual Income before expenses should be around $90,000 off rent alone). Additional income from coin laundry. Explore the possibilities of being a Chicago commercial property owner.
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Central Air, Central Individual
Fireplace N
Exterior
View Y/N true
Building
Foundation Concrete Perimeter
Structure Type Brick
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Bought with Luz Nieves • PROSALES REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "