The unique opportunity to acquire a meticulously maintained 19-unit walk-up building in the Greater Grand Crossing neighborhood of Chicago. This exceptional property features spacious all two-bedroom units, each offering 1,000 sq f of living space adorned with beautiful hardwood floors. The property has undergone several notable improvements, including newer windows, all copper plumbing, a high-efficiency boiler, updated electric systems, a new fence, and recent tuckpointing and security cameras. There is potential for a significant increase in rent amount achieving a 12.2 cap rate, with the possibility to use an existing management company Taty Management. Conveniently situated just 9.3 miles south of Chicago's downtown loop area. It is located near "Chicago Transportation Authority" (CTA) 69th Street Red Line train station, ensuring easy commuting options for residents. Additionally, the proximity to the I-94 Expressway and several CTA bus stops, including 24, 67, and 167 routes.
Great opportunity for the new or seasoned investor to acquire this 6-unit income-generating property. This property offers solid cash flow, has upward potential of 14% cap rate, and an upward potential of cash on cash return of 32%. The property has a new back porch (1-year old). The adjacent parking lot with separate PIN, 5 parking spaces, and a 2.5-car garage can generate additional income. Professionally managed. Being sold as-is. Four of the 6 units are currently leased. Perfect for the owner-occupant situation! Showings by appointment only. The property won't last long, schedule a showing today!
Fabulous corner location in residential neighborhood. Great visibility. Beautiful half-round windows are echoed on the interior as architectural features of the property's walls. This potential-filled location is distressed, and awaits your purpose. City services of electricity, heat, water are not connected. Bring your flashlight to tour. Buyer responsible for back taxes and any city fines. Taxes Due for Multiple Years. Due as of 4/1/24: 2021 - $17,005; 2022 - $14,514; 2023 - $7,152
Incredible Opportunity to Own a Value-Add Mixed Use Property on an Oversized Chicago Lot in rapidly appreciating North Center and coveted Coonley School District!!! This property currently consists of Two Individual Storefronts and Four Residential Apartment Units. East Storefront is vacant as well as 1 studio apartment. All four other units including one commercial space and three residential apartments are Month-To Month. Great site for tear down and new development construction in highly desirable CPS Coonley School District!!! Residential Units are a mix of 1 Bedroom and Studio Units!!
Two storefront located in high traffic area! Ready to set up new business in former laundromat with great tenant already in place. Has Central A/C & Heat. Parking lot behind building. Roof redone every 4 years by owner. Has lots of potential!
One of the spaces available for rent and four parcels for sale in high traffic area by expressways and airport. Excellent place to rent and/or income-producing property. * For Sale or Lease * Industrial/Flex Zoning * High Traffic Laurence Road * On-Site and Street Parking * Near Expressways and O'Hare Airport * Four parcels in the portfolio * Flex Terms * Set-up for Printing or Customize for your business or Redevelopment Potential Contact LA for details.
Great location! Modern style retail/office condo For sale on Ashland Ave. Approx. 1700 square feet, zoned B1-2. High end, modern finishes. Full bathroom with shower ,12 foot+ ceilings. Large storefront windows provide great visibility. neighborhoods. Perfect for small retail/office/services. This unit also features a lofted living space in the back perfect for work live space! Must See contact listing agent for showings!
Two-story commercial building for sale/redevelopment. High visibility with 150' of frontage on high traffic North Avenue (22,700 vehicles per day). 24,352 SF above-grade building. The building includes 5 ground-level retail spaces (3 leased and 2 vacant). H&R Block is a tenant at this location. Second level is unfinished, raw space with 3 washrooms. Convert the second level into apartments for additional income! There is also an unfinished basement for storage and mechanicals. 15 to 20 parking spaces in rear. Explore the possibilities of this dynamic property!
Significant investment opportunity ideally located in Heart of Lakeview. Situated just steps from a countless number of national big box retailers and local hot spots this mixed-use property is ideal for investors and end users alike. The immediate location is an A+, high traffic area, ideal for foot traffic, signage & advertising. The property consists of a 2000ft commercial storefront with multiple office areas, 2 bathrooms, a kitchen space and a finish lower lvl. The upper floor floors consist of two Newly Renovated 3 bed/2bath rental units with access to private outdoor space. The 2 car attached garage is located on-site in the rear of the building with an oversized door for extra large vehicles. Amazing opportunity!
Located in a Trending Neighborhood near Rogers Park, on Touhy, just west of Rockwell. Self-managed, single story, brick building with ample parking in the rear (12 spaces) and five storefronts on Touhy Avenue. Current tenants in place: R&B Tire Shop (16+ years), Menchies (16+ years), Aiki Budo Center (Brand New Build out) and one vacant storefront to lease or owner/user. Utilities are separately metered, renters pay for gas and electric; each unit has individual HVAC; Landlord is responsible for snow removal and landscaping. Well maintained building with recent updates: two storefront roofs were replaced, recently tuckpointed, exterior was repainted in 2020, recently repaved parking lot. 1.2 Miles to the Rogers Park Green line train station, multiple bus stops and Divvy stations plus close access to the Expressway and Lake Shore Drive. Area tenants include: Autozone, Buckingham Rehabilitation Care, Ann Blitstein Teachers Institute, North View Dry Cleaners, Pearly Whites Dental, Andres Roofing, A Gentle Wind Florist, 7-Eleven and much more!
This small storefront is located on busy corner on 87th st! This building is need of a full rehab. Building includes some Kitchen Equipment, Ansul System, and Exhaust Fan hood. A great start for any new restaurant or catering kitchen! It also features a side gate with private parking for easy loading/unloading or employee parking. Come check out this small space with BIG possibilities!
Get ready to embark on an exhilarating investment journey or fulfill your dreams of becoming a successful owner-user! This exceptional property in the heart of Chicago presents an exciting opportunity in the retail sector, specifically tailored for a dynamic restaurant concept. Spanning an impressive 8,036 square feet and boasting a charming vintage charm dating back to 1928, this property offers the perfect canvas for your culinary vision. With its prime location and versatile layout spread across two stories, the possibilities are endless. Imagine the thrill of transforming this vacant space into a thriving culinary hotspot, drawing in patrons with its unique ambiance and delectable offerings. Whether you're an experienced investor seeking to add to your portfolio or an ambitious entrepreneur ready to make your mark, this property is your ticket to success. Priced at $3,500,000 with a competitive price per square foot of $436, this gem awaits its next visionary owner. With zoning permits in place (B4-2, Chicago) and ample parking for 10 vehicles, including 1.24 spaces per 1,000 square feet leased, convenience meets opportunity on Fullerton Ave. Don't miss out on this chance to own a piece of Chicago's culinary landscape and carve your path to prosperity. Seize the moment and turn your restaurant dreams into reality at this iconic address with 75 feet of frontage on bustling Fullerton Avenue.
Great investment! First time on the market in 35 years. Recently remodeled interior. Vacant! Edison Park business district! This huge and vacant property is easy show. 2500 sq ft of space. Two full baths with storage. Two parking spaces in back of building (new concrete driveway recently done), alley access. Newer roof! Close to highway, and Metra. Easy to show!
Excellent chance for investors! Located in the sought-after Northside area of Chicago, this Starbucks presents a prime investment opportunity. Total rentable area of 2,149 square feet on a 0.62-acre of land. The property is fully leased to Starbucks with a lease term of 10 years with four 5 year renewal options. Its advantageous corner position is complemented by 14 parking spaces and a convenient drive-thru.
Versatile multi-use property in North Lawndale, IL. Spacious interior with natural light, offering endless possibilities for office space, retail, or creative ventures. Prime location with easy access to transportation and a thriving community. Ideal investment opportunity for entrepreneurs and investors seeking a promising asset. Don't miss this chance to make your mark in this vibrant neighborhood! Easy to show , lets make a deal very motivated seller!
A true gem! Exquisite 2 bed/2bath live/work loft located right in the heart of Chicago's downtown district. Spectacular views of vibrant State Street from every window. Very high 12.8ft ceilings in the entire home! Professionally remodeled with the aid of an interior designer, this home is appx 1200 sqft of luxury. Kitchen comes with modern new cabinets, appliances and stylish new quartz countertop. Specifically designed for entertaining guests, the kitchen comes with a handsome 9ft island perfect for 4 bar chairs. Expensive vinyl plank flooring in the whole home. High-end light fixtures from Restoration Hardware/CB2/Pottery Barn/West Elm. Condo is completely wired with Smart Home technology. All of the electrical outlets, light fixtures and new remote control roller shades can be voice activated through your phone or iPad. Yes, there is a new washer and dryer in the home. Building has very few rental restrictions (no airbnb) and you may use the condo to live and/or work. The building's fitness center is located on the same floor. Close to Chicago's best restaurants, nightlife, shopping, public trains and buses, beach, Chicago River Walk, Millenium Park, Grant Park, Navy Pier, theaters, museums and much more. Parking can be rented close by. MONTHLY HOA is $938/month
We are pleased to present 22 East Elm for sale. This recently remodeled building is located on one of the most beautiful tree lined streets in Chicago's Gold Coast. The unique 5100 sf space has been elegantly designed and curated by the current owners with walnut floors, custom lighting, surround sound & a stunning glass elevator (accessible to all three levels). Currently a high end salon and med spa, this flexible space can most certainly be reimagined as a myriad of other uses including a luxury single family home, medical practice, luxury retail store, or even a sales, private equity or wealth management office to name a few alternatives. The zoning is amenable to other uses and the entire property is handicapped accessible. Unique opportunity for a savvy investor to acquire a luxury piece of property in Chicago Gold Coast. Opportunity abounds as the property has a myriad of excellent uses. You won't be disappointed.
We are pleased to present 22 East Elm for sale. This recently remodeled building is located on one of the most beautiful tree lined streets in Chicago's Gold Coast. The unique 5100 sf space has been elegantly designed and curated by the current owners with walnut floors, custom lighting, surround sound & a stunning glass elevator (accessible to all three levels). Currently a high end salon and med spa, this flexible space can most certainly be reimagined as a myriad of other uses including a luxury single family home, medical practice, luxury retail store, or even a sales, private equity or wealth management office to name a few alternatives. The zoning is amenable to other uses and the entire property is handicapped accessible. Unique opportunity for a savvy investor to acquire a luxury piece of property in Chicago Gold Coast. Opportunity abounds as the property has a myriad of excellent uses. You won't be disappointed.
Introducing a remarkable opportunity that offers endless possibilities in a prime location. This mixed use property ensures excellent visibility, foot traffic, and accessibility, maximizing its potential to attract customers and clients. This property presents three distinct spaces, each with its own unique potential, perfect for the savvy investor or entrepreneur seeking a versatile space to transform their vision into reality. All occupied units are under fully negotiable leases, generating a gross yearly income of $54,000. The first space is a 600 sq ft vibrant retail store. Adjacent to this exciting shop is another 600 sq ft turnkey restaurant with a welcoming ambiance and a well-equipped kitchen, making it an enticing option for those seeking a ready-to-go business venture. Nestled at the rear of the property is a charming (approx.2400 sq ft) 3 bed & 1 1/2 bath coach house. Already occupied as well, this income-generating unit adds an additional layer of value to the property, offering a consistent revenue stream. Furthermore, the coach house is complemented by a delightful yard, providing a tranquil retreat. With all of these versatile spaces, this property is a rare find, catering to the aspirations of investors, restaurateurs, and entrepreneurs alike. Don't miss out on this extraordinary opportunity to make your mark in the mixed use property arena. Embrace the possibilities, unlock the potential, and set the stage for your business venture in this remarkable space. Contact me today to schedule a viewing and seize the chance to turn your dreams into reality!
GREAT CHICAGO NORWOOD PARK LOCATION. WALK TO TRAIN(METRA), BANK,POST OFFICE, RESTAURANTS. COMMERCIAL CONDO WITH LOW MONTHLY ASSESSMENT $347 INCLUDING HEAT. CLIENTS PARKING IN FRONT OF THE OFFICE AND 4 ASSIGNED SPACES IN REAR. PERFECT FOR ATTORNEY, INSURANCE, REAL ESTATE, THERAPISTS, ACCOUNTING etc. SELLER MAY FINANCE FOR QUALIFIED PARTY. ALSO AVAILABLE AS RENTAL MLS# 11970937. GREAT VALUE AT THIS PRICE.
Great investment opportunity! Tenants pay heating, hot water and electric costs. Three 3 bedroom units and Three 2 bedroom units. 48 hour notice for all showings.
This property has a huge upside with minimal work. Long term owner with below market rents that can be substantially increased. The property consists of 16 residential units of which 10 have been remodeled within the last 2 years. 5 stores are all rented. 2 warehouse units in the back total around 6,300 square feet can be utilized for many different businesses. The warehouses connect to one of the front stores and can potentially be used as a showroom in the store and storage in the warehouse. Separate heating and tenants pay all of their utilities. This building has been historically at 100% occupancy for years. Located on Irving Park Rd. (route 19), this property is close to I90 as well as public transportation.