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$ 189,000
Est. payment | /mo
2,150 SqFt
$ 189,000
Est. payment | /mo
2,150 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 2,150 sqft
Price per Sqft $87
MLS Listing ID 12616566
Year Built 1961
Annual Tax Amount $6,214
Tax Year 2024
Lot Dimensions .074
Property Sub-Type Retail/Stores
Property Description
Great investment opportunity! This approximately 1,600 sq. ft. commercial storefront is currently occupied and utilized as storage by the adjacent tenant. The space includes a retail layout, private office, storage area, and separate men's and women's restrooms. The property offers 2 rear parking spaces. The HVAC system, including furnace, central air, and coil, was replaced within the last year. Tenant is on a month-to-month lease, offering flexibility for investors or owner-users. Current rent is $1,250/month, with tenant responsible for gas, electric, water, and business insurance. Current rent equates to approximately $9.40/SF annually, offering upside potential as market rents are higher in the area. Property can be purchased individually or as part of a package with the neighboring 4019 W. 63rd St. MLS #12615865, creating a larger investment opportunity with combined income potential. Strong location with great potential for future growth or redevelopment. Sold as-is
Location
State IL
County Cook
Area Chi - West Lawn
Zoning COMMR
Interior
Cooling Central Air
Flooring Vinyl
Fireplace N
Building
Dwelling Type Retail/Stores
Structure Type Brick
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Listed by Giovanni Arenella of Century 21 Circle