MIXED USE BUILDING

Office for Sale
Catylist Listing ID: 30298282
Property Subtypes: Medical, Mixed Use
Building Size (RSF): 4,300 SF
Gross Building Area: See Agent
Gross Land Area: 9,394 SF
Sale Price: $579,000
Unit Price: $134.65 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/14/2018

Overview / Comments

TOTALLY REHABBED 4,300 SF MIXED USE BUILDING IN CHICAGO LAWN. PERFECT FOR OWNER/USER. RUN YOUR OFFICE ON THE 1st FLOOR & LEASE OUT THE 2 APTS. ALL NEW A/C UNITS, FURNACES, ROOF, WINDOWS, PLUMBING, 200 AMP ELECTRIC SERVICE & WATER HEATERS. THE FIRST FLOOR IS A 1,600 SF OF NEWLY REMODELED OFFICE. CURRENTLY SET UP FOR DENTAL BUT CAN CONVERT TO GENERAL OFFICE. HAS 5 EXAM ROOMS, WAITING, RECEPTION & BILLING AREAS. KITCHENETTE & 2 NEW ADA BATHROOMS. FIRST FLOOR APT. HAS A ONE BEDROOM & ONE BATH. THE 2ND FLOOR HAS 3 BEDROOMS, LARGE BATHROOM & ROOF TOP PATIO. INCLUDES 2 CAR GARAGE AND 2 EXTRA LOTS THAT CAN BE USED FOR PARKING. FULL BASEMENT WITH NEW HEAT. POTENTIAL FOR VERY GOOD INCOME.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $5,324 (Annual)
Potential Rental Income $62,000 (Annual)
Gross Operating Income $62,000 (Annual)
Net Operating Income $53,500 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Cook
Zoning: B3-1
Property Located Between: WESTERN AVE. & KEDZIE AVE.
Property Visibility: Excellent
Highway Access: ONLY 3.5 MILES FROM THE DAN RYAN EXPRESSWAY I-94
Airports: MIDWAY AIRPORT IS ONLY 14 MINUTES AWAY
Total Number of Buildings: 1
Number of Stories: 2
Year Renovated: 2016
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: PRICE INCLUDES A 2 CAR GARAGE AND 2 LOTS TO THE EAST WHICH CAN BE CONVERTED TO PARKING SPACES.
Total Parking Spaces: 8
Heat Type: Electricity
Heat Source: Central, Ceiling Units
Air Conditioning: Engineered System
Zoning Description: ZONING ALLOWS FOR OFFICE, COMMERCIAL, BUSINESS AND MULTI FAMILY USES.
Lot Frontage: 75
Lot Depth: 125
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 44,593 394,329 919,263
Median Age: 31.9 32.04 34.26
Households: 13,600 119,075 313,705

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