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3357 W Chicago Avenue

Chicago, IL 60651
  • $450,000
  • STATUS: Active Under Contract
  • ON SITE: 108 Days
  • MLS #: 11954903
Under Contract
$450,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1910
County:

School Ratings & Info

Description

Amazing Humboldt Park mixed use development/investment opportunity on 49 * 120 lot with C1-1 zoning in a prime location at the corner of two main streets (Chicago Ave. & Homan Ave.) 10-unit building consisting of two storefronts, one 3 bedroom/1 bath apartment, one 1 bedroom/1 bath apartment and six studios. In addition, there is also a 750-sf brick garage. All units are currently vacant except for 2 apartments. Tenants are month to month and the property will be delivered vacant at closing. Income numbers are based on the most recent rents from when it was last fully occupied. The two storefronts were the home of a liquor store and a restaurant @$2,000/month each, the garage was occupied by an auto body shop @$1,000/month, 8 apartments (six studios @$750/month each, one 1 bed/1 bath @$750/month and one 3 bed/1 bath @$850/month.) All units have separate forced air heat and both storefronts also have central air conditioning. Electrical service to the building was upgraded in 2014. There are 11 separate electric meters and three gas meters servicing the storefronts and the three-bedroom apartment. Roof is 5 years old. Cash buyers only. Building needs work and is sold "As is".

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© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-04-20T19:32:36.197 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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3357 W Chicago Avenue Chicago, IL 60651

  • Price: $450,000
  • Status: Active Under Contract
  • On Site: 108 Days
  • MLS #: 11954903
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1910
Built
Neighborhood:
Chi - Humboldt Park
County:
Cook
Area:
Chi - Humboldt Park
Property Description
Amazing Humboldt Park mixed use development/investment opportunity on 49 * 120 lot with C1-1 zoning in a prime location at the corner of two main streets (Chicago Ave. & Homan Ave.) 10-unit building consisting of two storefronts, one 3 bedroom/1 bath apartment, one 1 bedroom/1 bath apartment and six studios. In addition, there is also a 750-sf brick garage. All units are currently vacant except for 2 apartments. Tenants are month to month and the property will be delivered vacant at closing. Income numbers are based on the most recent rents from when it was last fully occupied. The two storefronts were the home of a liquor store and a restaurant @$2,000/month each, the garage was occupied by an auto body shop @$1,000/month, 8 apartments (six studios @$750/month each, one 1 bed/1 bath @$750/month and one 3 bed/1 bath @$850/month.) All units have separate forced air heat and both storefronts also have central air conditioning. Electrical service to the building was upgraded in 2014. There are 11 separate electric meters and three gas meters servicing the storefronts and the three-bedroom apartment. Roof is 5 years old. Cash buyers only. Building needs work and is sold "As is".
Exterior Features

Exterior Building Type Brick Frontage Type City Street Outdoor Parking None On Site Roof Structure Flat

Interior Features

Cooling Central Air Fireplaces Total 0 Heat Ventilation Forced Air Number Of Dishwashers 0 Number Of Dryers 0 Number Of Washers 0

Property Features

Additional Parcels YN Yes Approximate Age Older Building Area Total 7620 Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show No - has seller written direction Current Use Multi-Family Electric Circuit BreakersService - 201 to 600 Amps Fire Protection None Gross Income 133200 Gross Scheduled Income 133200 Insurance Expense 0 Location Central Business DistrictHigh Traffic Area Maintenance Expense 0 Mls Actual Status Contingent Net Operating Income 128914 Operating Expense 4286 Ownership Types Individual Seller Needs Cash Tax Annual Amount 4286 Tax Year 2022 Tenant Pays ElectricityHeat Total Monthly Income 11100 Township West Chicago Type Multi Family 5+ Utilities Sewer-Storm AvailableWater-MunicipalWater to Site Zoning MULTI

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Keller Williams Preferred Realty: 708-798-1111.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-04-20T19:32:36.197 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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4112C Fieldstone Road
Champaign IL, 61822