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Remarks:

$55,200 IN ANNUAL RENT FOR A GRM OF 20 AND A CAP RATE OF 12%! WHAT AN OPPORTUNITY TO ACQUIRE THIS MUTLI-USE RETAIL BUILDING IN ONE OF CHICAGO'S MOST UP AND COMING NEIGHBORHOODS! LOCATED ON HIGHLY TRAVELED CHICAGO AVENUE THIS BUILDING IS SITUATED ON A TRIPLE LOT. CONSISTING OF 3 DIVISIBLE UNITS AND ZONING C1-1 CAN ACCOMMODATE A MYRIAD OF USES. TREMENDOUS VALUE ADD POTENTIAL. LOT SIZE IS 73X120 AND LOCATED RIGHT AT THE CORNER OF CHICAGO AVE & CHRISTIANA! BUILDING IS APPROX 4,500 SQ FT AND ONCE HOUSED DAY CARE OF WHICH THE FACILITIES ARE STILL BUILT OUT REMAINING. RESTAURANT GROCERY STORE PRESENTLY IN OPERATION AND HAS A YEAR TO YEAR LEASE. DESIGNATED 4 CAR PARKING IN REAR ALONG WITH PLENTY OF STREET PARKING! OWNERSHIP HAS SPENT TENS OF THOUSANDS IN MAJOR MECHANICAL UPGRADES IN THE RECENT YEARS!

Property Details

* School Data Source: U.S. Department of Education and National Center for Education Statistics (NCES) collects the school attendance boundaries biennially from geographically defined schools districts. Refer to School Attendance Boundary Information Systems (SABINS) project nces.ed.gov.

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