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$ 584,000
Est. payment | /mo
$ 584,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12708317
Year Built 1883
Annual Tax Amount $17,748
Tax Year 2024
Lot Dimensions 39X125
Property Sub-Type Mixed Use
Property Description
Incredible Investment & Business Opportunity - Income-Producing Mixed-Use Property! Turn your entrepreneurial vision into reality while generating immediate rental income from this exceptional mixed-use building. Situated on a 39' x 125' lot, this property offers the perfect combination of a high-visibility commercial space and four fully occupied residential apartments-creating multiple streams of income from day one. The 3,600 sq. ft. double storefront on the main level is a blank canvas for your next venture. Whether you envision a restaurant, cafe, convenience store, grocery/food mart, retail showroom, medical office, gaming center, or another thriving business, this expansive space offers endless possibilities. Prefer a passive investment? Lease the storefront and generate an additional $3,600 per month in rental income. Upstairs, the second floor features four fully rented apartments, providing consistent cash flow: One spacious 3-bedroom unit currently rented for $1,400/month to a long-term tenant, with room for future rent increases. Two 2-bedroom units, each rented for $1,400/month. One studio apartment rented for $1,000/month. Tenants pay all utilities except water, helping keep operating expenses low and maximizing your return. The opportunities continue with a 3,600 sq. ft. full basement, ideal for storage, inventory, additional business operations, workshop space, or future value-added possibilities. This rare mixed-use property offers excellent cash flow, tremendous upside, and outstanding long-term investment potential.
Location
State IL
County Cook
Area Maywood
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Mixed Use
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Listed by Tessy Vallikalam of Core Realty & Investments Inc.