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$ 1,000,000
Est. payment | /mo
4,320 SqFt
$ 1,000,000
Est. payment | /mo
4,320 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,320 sqft
Price per Sqft $231
MLS Listing ID 12666652
Year Built 1911
Annual Tax Amount $9,530
Tax Year 2023
Lot Dimensions 25x90
Property Sub-Type Mixed Use
Property Description
Excellent mixed-use investment opportunity in the heart of Humboldt Park! This property features a ground-floor liquor store and two oversized residential units with significant renovations already completed. The commercial storefront is currently occupied by a liquor store paying $3,500 per month on a month-to-month lease, offering immediate income with substantial upside potential, as the current rent is below market value. The residential portion consists of two large units that are currently vacant. The first-floor apartment offers 3 bedrooms and 2 bathrooms, while the second-floor unit features 4 bedrooms and 2 bathrooms. Both units have been partially remodeled, with all major capital improvement items already completed. The remaining work is primarily cosmetic and presents an excellent opportunity for an investor or owner-occupant to add value and maximize rental income.
Location
State IL
County Cook
Area Chi - West Town
Zoning COMMR
Interior
Cooling Central Air
Flooring Wood
Fireplace N
Building
Dwelling Type Mixed Use
Structure Type Brick
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Listed by Richard Mell of Baird & Warner