First time on the market, a spacious lot currently used as an auto sales and automotive/mechanic shop. This auto sales lot holds at least 50 vehicles, has a very nice office, updated bathroom, separate mechanic's garage, huge storage both with overhead garage doors plus 3 additional storage areas. Entire lot including buildings measures approximately 13,800 square feet. Easy access to Chicago Skyway, Industrial area of South Chicago Avenue and high traffic area of South Stony Island on the southbound side. Currently an auto sales and mechanic shop, property is surrounded by large wrought iron fence and high 15+ foot iron/metal fencing along alley way. Very clean property with great exposure and ready for any new business opportunity. Electrical, propane heating and water access on property. No central heating but propane heating in place for space heaters. Listing agent is related to owner. PROPERTY IS SOLD "AS IS".
Fully gut renovated to the studs 4 unit residential plus one commercial building completed in 2020. High end luxury apartments with gourmet kitchens, quartz countertops, stainless steel appliances, spa bathrooms, laundry in unit and much more. Large balconies and rooftop deck make great outdoor spaces. New corporately guaranteed franchisee tenant with a 10 year lease!
Fully lease 4-unit mixed use building with coffee shop on long term lease in both retail level units and 2 residential units on the 2nd floor with shared outdoor / deck space (One 1 bed/1bath and One 2 bed / 1 bath with laundry). Solid NOI and newly rehabbed retail level. Located in a great high-density neighborhood. Close to strong retail areas and within a few blocks of public transportation.
This income-producing property in Washington Heights is a dream come true for investors seeking a stable and profitable addition to their portfolio! This beautifully maintained 6-unit building boasts spacious 2-bedroom, 1-bathroom apartments, each featuring a formal dining room and an enclosed back porch. Enjoy peace of mind with a recently updated Rubberized Aluminum coated roof (under 10 years old!) and completely updated electrical systems throughout the building. Five out of six units are currently occupied by reliable tenants who have called this building home for over 4 years. The current rents are well below market value. A detached 4-car garage provides additional income potential or extra storage space for your tenants. Additionally, the common space is well-maintained and inviting, creating a positive first impression for potential renters. Check it out today.
Are you considering Commercial Real Estate for your next investment? Look no further! This prime location offers a remarkable opportunity for your investment. This meticulously renovated property is situated in the vibrant Austin Community, right at the crossroads of Division and Austin, bordering the thriving Oak Park neighborhood. Comprising a total of 7 retail spaces, these units range in size from a spacious 615 square feet to a generous 1462 square feet.This property has undergone a comprehensive revitalization, boasting brand-new facades, an updated roof (2024), individual furnaces, state-of-the-art central air conditioning systems, separate electrical systems, fresh gutters, and new water heaters. Moreover, it's important to note that this property is fully leased with long-term tenants, ensuring a steady and reliable income stream. Its strategic location in a high-traffic area, combined with its corner building positioning, ensures exceptional visibility and accessibility.Don't miss this opportunity to make a wise investment in one of Chicago's most dynamic neighborhoods.
3428 S. King Drive is a beautiful six (6) flat Greystone building in Chicago's Bronzeville neighborhood. The building provides easy access to downtown and is located just a few blocks from Lake Michigan. 3428 S. King is a unique opportunity to obtain a cash-flowing mixed-use property in one of the most desirable pockets of Chicago's south side. The building is comprised of two (2) master lease retail units, two (2) 3BD/2BA & two (2) 4BD/2BA. Recent improvements to the building include but are not limited to: gut-renovated units with modern finishes throughout, central air, individual mechanicals, in-unit washer dryer, updated electric, copper plumbing, and an abundance of tuckpointing and masonry work. From day one, a new investor will realize a cap rate exceeding 8% and cash returns approaching 9%. The retail units have master leases signed that extend through 2027. Through optimizing expenses and raising rents to levels already achieved throughout the building, a new investor can realize a cap rate approaching 9% and cash returns approaching 12%.
Come see this sunny and spacious building that overlooks Levin Park and playground. Well-maintained brick building built in 1921 with seven apartments. Five 2 bedroom 1 bath, one 1 bedroom 1 bath and an "owners unit" studio with a private deck that just must be seen. HVAC in every unit for tenant paid heat. Hardwood floors throughout. Also a detached four car garage, excellent backyard and deck and a huge dry basement. Add this to an existing portfolio or get started in the business with this very solid building. Property is being sold as is. Proof of funds required.
Rarely available 12 unit apartment building located right along the river in Chicago! The property consists of 12 apartments which includes (9) 2 Bed/1 Bath Units and (3) 3 bed/1 Bath units. There are 7 parking spaces which can accommodate most of the renters vehicles. Building features include a laundry room on site generating additional income, storage rooms for tenants, maintenance room, and bike room. Current owners have recently rehabbed all apartments and installed new modern kitchens, bathrooms and fixtures. Additionally, the building features new horizonal risers and vertical risers, new windows, new concrete sidewalks and parking pad in rear, newly painted and carpeted stairwells and new boiler ( Dec 2023). This property is turn key and will be an excellent investment for any buyer.
Introducing a prime investment opportunity at 4412 W Belmont Ave, Chicago. This 3,000 SF building, constructed in 1920, offers enticing potential for multifamily/low-rise/garden and mixed-use investors and owner users. Boasting 2 units, this property features a 2-car garage, spacious backyard area, a newer roof, and an updated heating system. With a favorable C1-1 zoning, this property presents a strong foundation for maximizing rental income and long-term growth. Don't miss your chance to capitalize on this well-positioned asset in a sought-after Chicago location.
7250 S Yale Ave is conveniently located in the Greater Grand Crossing neighborhood of Chicago's South Side. Only 2 blocks east of beautiful Hamilton Park and just 2 blocks west of the entrance and exit ramps to I-94, which is the main north-south Expressway running through Chicagoland. This location also puts this building almost exactly halfway between the mass transit light rail Red Line stops at 69th St and 79th St. Chicago's public CTA bus lines run east-west along 71st St. and 75th St. This 7-unit rental building features 6 -3 bed/1 bath units and 1 - 2 bed/1bath Garden unit. Broker does not warranty the legality of the 7th unit. While these units currently bring in approximately $88,000 in Gross Income, there is room for upside as pro forma rents could boost the income to over $106,000.
Welcome to 721 S Dearborn in the heart of Printers Row. Great potential with lots of walking traffic. Big bay area windows with plenty of natural light. All fixtures included. Great location for office space, retail, commercial or office/tech use. 13' ceiling & 9' windows. TAXES HAVE BE REASSESSED AND SIGNIFICANTLY REDUCED IN 2023 to $6,616. A HUGE SAVINGS! Just a few minute walk to the CTA (Red Line) and multiple bus stops. One block north is the Ida B. Wells with quick access to the Kennedy, Eisenhower and Dan Ryan expressways. Easy access to Lake Shore Drive. Minutes away from Grant Park, Millennium Park, Buckingham Fountain, Shedd Aquarium, Field Museum, Soldier Field, McCormick Place, Merle Reskin Theatre, Restaurants, Hotels and all S. Michigan Ave. has to offer. Ample street parking. Motivated seller! PROPERTY BEING SOLD AS-IS.
Unique property with a total of 9 residential apartments, a church and a storefront property previously used as a beauty salon and 4 small odd units. Some of the residential units are in need of many repairs from fire damage, but a great opportunity to own this massive building. Property has three addresses but one pin. (935 E. 75th, 937 E. 75th & 7507-09 Ingleside).
Nestled in the vibrant Portage Park area, this property features an 8 unit building with a footprint of a 9 unit structure. The offering includes a spacious former owner's unit comprising 8 rooms, four bedrooms, and one and a half baths, along with a mix of other large units: (2) 5 room, two bedroom, one bath units, (3) 4 room, two bedroom, one bathroom units, and (2) 3 room, one bedroom, one bath units. The property boasts recent upgrades, including a roof, hot water heater, and boiler that were replaced in the last 5 years, as well as 10 year old windows. Within the past year, the entry doors, doorbells, and intercom system have been renewed, ensuring a modern and secure living environment for tenants. Moreover, the convenience of a 2.5 car garage, 3 surface parking spots, and on-site laundry facilities adds to the property's appeal and tenant satisfaction. This investment opportunity presents the allure of "armchair management," with units in good condition and potential for rent increases upon turnover. The option to reconfigure the former owner's unit into separate two-bedroom and one-bedroom units offers an enticing avenue for increased income generation. In summary, this property not only promises stable returns but also provides a solid foundation for further value enhancement in the heart of sought-after Portage Park.
Excellent opportunity to give your business exposure on busy 63rd ST with great traffic count! This property is ideal for a growing business. Commercial space is nearly 2000sqft with a great open layout, 2 baths, and access to backyard. Full unfinished basement for additional storage. 2nd floor is a 3 bed 2 bath apartment ready for your finishing touches. Large backyard with 1 car brick garage. Recent upgrades include: NEWER FURNACE, NEWER PLUMBING, NEWER ROOF. Zoning allows for a variety of businesses. LOW taxes and great rental income is ideal for any small business looking to expand! Schedule your showing before it's gone.
GREAT OPPORTUNITY FOR BUSINESS OWNER/OPERATOR! 1250 SQ. FT. OF RETAIL SPACE ON 1ST FLR. BASEMENT FOR STORAGE. LARGE 3 BEDROOM APARTMENT ON 2ND FLR. WITH UPDATED KITCHEN & BATH. CAN BE PURCHASED TOGETHER WITH '5145 DIVISION' FOR EVEN GREATER SAVINGS! RENTS ARE BELOW MARKET!
PERFECT FOR OWNER OPERATOR! $35K INCOME-UP AND GOING BEAUTY SALON INCLUDED WITH SALE OF THIS SOLID BRICK BUILDING FOR ONLY ONE PRICE. FULLY-EQUIPPED SALON ON 1ST FLR., 3 BEDROOM APARTMENT WITH UPDATED KITCHEN & BATH ON 2ND FLR. ADJACENT LOT ALSO INCLUDED. OWNER WILL ALSO SELL AS A PACKAGE W/5145 DIVISION FOR A DISCOUNTED PRICE! OWNER LIQUIDATING PORTFOLIO WHICH INCLUDES 5135 DIVISION & 5256 CHICAGO-FOR SMART OPERATOR
This two story mixed use building is ideally situated on a corner lot in the heart of Austin! Building consists of 6 residential apartments and 2 stores and currently generating $75,600. 3-1bed/1 bath and 3-2 bed/2 bath. All are currently occupied. Gross rent multiplier of 6.6!!!
7932 S Kingston is a seven (7) Unit building in Chicago's Historic South Shore neighborhood. It is comprised of six (6) units plus one (1) unit in basement. The six units are divided into three (3) three bedrooms one and half bathrooms, three (3) two bedroom one bathroom, and one (1) one bedroom one bathroom units. Building has potential to be an eight (8) unit, with one unit in basement that needs to be completely built out. Property is 45 feet wide and 125 feet long with two brick two car parking garage's in back. Many recent improvements to building have been completed, from window replacements, furnace replacements and hot water tank for building. Each Unit does have own furnace and hot water tanks. Entire property is enclosed by a rod iron fence.
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