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    9440-44 S Lafayette Avenue

    Chicago, IL 60620
    • $899,000
    • STATUS: Active
    • ON SITE: 43 days
    • MLS #: 10912275
    UPDATED: 29 min ago
    $899,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,800
      SQFT
    • $187
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:

    School Ratings & Info

    Description

    Property consists of 2 storefronts (Maxwell Street Restaurant and Convenience Store and 13 parking spaces) & 2 additional vacant lots across the alley that are currently being used as parking (fits up to approximately 26 cars). 4,800 Sq Ft of building and 14,144 Sq Ft of land. Popular and very profitable Maxwell Street Restaurant business (gross sales over $500,000 annually) and all equipment / FFE included in price. Convenience store tenant pays $1,800 / month rent and is on time with payments. High-visibility location with over 249,400 vehicles per day. Property is directly across the street from newly renovated 95th Street Red Line station and next door to McDonald's. 95th St is a retail street with numerous national / local tenants including Family Dollar, Greyhound Bus Station, Burger King, Checkers and Black Planet Products within 0.5 mile. Easily accessible to public transportation, 400 Ft from CTA 95th St Red Line Station, CTA Bus 353 - 95th/Dan Ryan and Pace Bus 395 UPS Hodgkins Limited. Property is located directly off of Dan Ryan Expressway Southbound 95th St exit. Owner occupied / managed. Unit Mix: 3,200 Sq Ft Maxwell Street Restaurant: sale of business / equipment is included - business can be taken over by new owner or leased out for approximately $4,200 / month. 1,600 Sq Ft Convenience Store with 2+ years remaining on lease - Leased for $1,800 / month.

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    © 2020 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 2020-12-03T11:54:48.493 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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    9440-44 S Lafayette Avenue Chicago, IL 60620

    • Price: $899,000
    • Status: Active
    • Updated: 29 min ago
    • MLS #: 10912275
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    4,800
    SQFT
    $187
    $/SQFT
    Neighborhood:
    Chi - Roseland
    County:
    Cook
    Area:
    Chi - Roseland
    Property Description
    Property consists of 2 storefronts (Maxwell Street Restaurant and Convenience Store and 13 parking spaces) & 2 additional vacant lots across the alley that are currently being used as parking (fits up to approximately 26 cars). 4,800 Sq Ft of building and 14,144 Sq Ft of land. Popular and very profitable Maxwell Street Restaurant business (gross sales over $500,000 annually) and all equipment / FFE included in price. Convenience store tenant pays $1,800 / month rent and is on time with payments. High-visibility location with over 249,400 vehicles per day. Property is directly across the street from newly renovated 95th Street Red Line station and next door to McDonald's. 95th St is a retail street with numerous national / local tenants including Family Dollar, Greyhound Bus Station, Burger King, Checkers and Black Planet Products within 0.5 mile. Easily accessible to public transportation, 400 Ft from CTA 95th St Red Line Station, CTA Bus 353 - 95th/Dan Ryan and Pace Bus 395 UPS Hodgkins Limited. Property is located directly off of Dan Ryan Expressway Southbound 95th St exit. Owner occupied / managed. Unit Mix: 3,200 Sq Ft Maxwell Street Restaurant: sale of business / equipment is included - business can be taken over by new owner or leased out for approximately $4,200 / month. 1,600 Sq Ft Convenience Store with 2+ years remaining on lease - Leased for $1,800 / month.
    Exterior Features

    Approx Land Sq Footage 3200 Outdoor Parking 13-18 Spaces Parking Total 13

    Interior Features

    Cooling Central Air Heat Ventilation Central Heat/Indiv Controls

    Property Features

    Additional Parcels YN Yes Adj Net Income Year 2019 Adjusted Net Income 309600 Annual Rent For Real Estate 72000 Business Age 11+ Years Business Name Maxwell Street Restaurant Business Type Restaurant Cost Of Goods Sold 344000 Cost Of Goods Year 2019 Food Beverage Type Restaurant General Information 24-Hr Notice Required Gross Payroll 122400 Gross Payroll Year 2019 Gross Profit 546000 Gross Profit Year 2019 Gross Sales Ann Year 2019 Gross Sales Annual 890000 Inventory 20000 Inventory Year 2019 Known Encumbrances Other Leaseable Area Units Square Feet Lot Size .25-.49 Acre Lot Size Dimensions .32 ACRES Net Operating Income Year 2019 Net Profit 309600 Operating Expense 580400 Property Offered For Sale Only Real Estate Included YN Yes Sale Includes LandBuildingBusinessEquipment Sales Taxes 86000 Sales Taxes Year 2019 Tax Annual Amount 23730 Tax Year 2019 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceTaxesInsuranceRepairsScavenger Total Operating Expenses Year 2019 Type Bus / Bus W/Real Est Type Of Lease Gross Lease

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Miller Chicago Llc.


    © 2020 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 2020-12-03T11:54:48.493 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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