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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12431680
Year Built 2005
Annual Tax Amount $26,621
Tax Year 2023
Lot Dimensions 25' X 140'
Property Sub-Type Mixed Use
Property Description
Fully-stabilized mixed-use building for sale in the heart of Andersonville. Built in 2007, this fully-leased four-unit property includes four parking spaces in the rear. The building includes a 1,400 SF ground-floor retail space, now occupied by a long-standing community tenant, along with three 1,800 SF residential units above. The commercial tenant is on a Modified Gross lease with 3% annual escalations on rent. Each apartment features 3 bedrooms and 2 bathrooms, complemented by a high ceiling, modern kitchens and baths, hardwood flooring, in-unit laundry, gas fireplaces, central HVAC, individual hot water heaters, generous private decks and a private storage. Located just steps from the vibrant Clark & Foster intersection and steps from neighborhood favorite Hopleaf, the property is surrounded by a thriving mix of restaurants, cafes, and boutique retailers. Total Annual Rental Income is $205K. Don't miss the opportunity to own this income-generating asset in a premier location.
Location
State IL
County Cook
Interior
Cooling Central Air
Fireplaces Number 3
Fireplace Y
Exterior
View Y/N true
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Listed by Craig Wolf • Strauss Realty Ltd