5523 W Chicago AVE Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60651
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 9,000 sqft
Price per Sqft $23
MLS Listing ID 12490942
Year Built 1922
Annual Tax Amount $43,090
Tax Year 2023
Lot Dimensions 0.28
Property Sub-Type Retail/Stores
Property Description
7 commercial units Can rent for up to $116,000 per year fully occupied. 5 units are occupied 2 are vacant. Currently bringing in 6700 per month in rent. 2 vacant units need a total rehab 7 store fronts. Rents for up to $9700 per month after rehabbed and fully occupied. Breakdown of each unit below: 1. Rented by Accounting company has been there since 2018. His rent is $1500 2. Event Space rent is $1500 a month. 3. Clothing and Cigar Store $1100 a month rent. 4. Restaurant being rehab right now. Received 6 months FREE rent. His rent will be $1800 per month 5. Event Space VACANT 6. Vacant Space ( NEEDS GUT REHAB ) 7. Storage space being rented by clothing and cigar shops for $800 a month. Property is sold as is. Buyer will have to take over city violations
Location
State IL
County Cook
Area Chi - Austin
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Retail/Stores