MLS Number 11220775
- CommercialSale Commercial Sale
- Area West Town
- Zoning OTHER
- Year Built 1892
Great investor opportunity to own a High Income, mixed-use property in red-hot West Town. Classic Chicago, brick 3 story, mixed-use building with 3 apartments plus a Store w/ basement. Currently operating at a 6.8% CAP (and 8.4% cash-on-cash). Annual income of $116,580 and NOI of $94,516. This building is in great condition. Store is 2100 sq ft and duplexed to the finished basement and is leased for 5 years at $3500/mo. The apartments are always in demand and rent easily. Apartment mix is: two, 3-bedroom units and a 2-bedroom coach house located above a 2 car garage. Utilities are separated with GFA heat & AC and tenants pay gas/electric. All units have W/D. Shaded courtyard between the buildings provides a relaxing spot to hangout. Located on a booming stretch of Chicago Ave in West Town close to everything - downtown, expressways, CTA Blue line, shops, dining, etc. This building is perfect for someone who wants to start collecting rent from day 1 - no projects here. Schedule today!
Listed by Keller Williams ONEChicago