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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12590363
Year Built 1901
Annual Tax Amount $32,973
Tax Year 2024
Lot Dimensions 50 X 175
Property Sub-Type Mixed Use
Property Description
Outstanding, turnkey, previously fully rehabbed, Garfield Park 24-unit mixed use building in prime location with 12.65% cap rate on 50x175 foot corner lot with B3-2 zoning. Building consists of 5 studios, 5 one-bedrooms, 8 two-bedroom apartments & 6 retail spaces (Grocery store accounts for three of the commercial units). Retail spaces have central air. All apartments have been remodeled with modern bathrooms & kitchens with refrigerators, ranges and microwave ovens. Hardwood floors throughout living area and bedrooms. 1200 Amp electrical service! Boiler and water heater replaced in 2023. Easy street parking. Fantastic location is close to Tilton Elementary School, Garfield Park Conservatory, ponds, gardens, and athletic facilities, Pulaski CTA Green & Blue Line stops, and 290 Expressway. Five miles to Chicago Loop. Cashless laundry on site provides additional income. Located within an opportunity zone. AHSAP 35% reduced tax status approved not yet applied.
Location
State IL
County Cook
Area Chi - West Garfield Park
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Water Available
Building
Dwelling Type Mixed Use
Sewer Storm Sewer
Water Municipal Water
Structure Type Brick
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Listed by Michael Frank of Keller Williams Preferred Realty