$370,000
$399,000
7.3%For more information regarding the value of a property, please contact us for a free consultation.
7,620 SqFt
SOLD DATE : 10/23/2024
Key Details
Sold Price $370,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 7,620 sqft
Price per Sqft $48
MLS Listing ID 12163594
Sold Date 10/23/24
Year Built 1910
Annual Tax Amount $4,286
Tax Year 2022
Lot Dimensions 49X120
Property Description
Amazing Humboldt Park mixed use development/investment opportunity on 49 * 120 lot with C1-1 zoning in a prime location at the corner of two main streets (Chicago Ave. & Homan Ave.) 10-unit building consisting of two storefronts, one 3 bedroom/1 bath apartment, one 1 bedroom/1 bath apartment and six studios. In addition, there is also a 750-sf brick garage. All units are currently vacant. Income numbers are based on the most recent rents from when it was last fully occupied. The two storefronts were the home of a liquor store and a restaurant @$2,000/month each, the garage was occupied by an auto body shop @$1,000/month, 8 apartments (six studios @$750/month each, one 1 bed/1 bath @$750/month and one 3 bed/1 bath @$850/month.) All units have separate forced air heat and both storefronts also have central air conditioning. Electrical service to the building was upgraded in 2014. There are 11 separate electric meters and three gas meters servicing the storefronts and the three-bedroom apartment. Roof is 10 years old. Cash buyers only. Building needs work and is sold "As is".
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Central Air
Fireplace Y
Exterior
Utilities Available Electric to Site, Gas to Site, Sewer-Storm Available, Water-Municipal, Water to Site
View Y/N true
Building
Structure Type Brick
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Maria Gutierrez • Golden City Realty, Inc.
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Agent | License ID: 475197907