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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12580703
Year Built 1898
Annual Tax Amount $28,872
Tax Year 2024
Lot Dimensions 25x150
Property Sub-Type Mixed Use
Property Description
Renovated 8-unit mixed-use asset in the heart of Lakeview-one of Chicago's most sought-after retail and residential corridor along the Clark Street corridor. This fully occupied asset consists of six renovated 1-bedroom/1-bathroom apartments and two high-visibility commercial storefronts totaling 2,457 SF. The property underwent a comprehensive renovation in 2017, including updated kitchens with granite countertops and SS appliances, plus a full roof replacement (2013) and new gutters/downspouts. Significant 2022 exterior upgrades include new face brick and modern commercial storefront windows. Designed for operational efficiency, all units feature individual central HVAC and are separately metered for gas and electric. With four rear parking spaces and a prime location just steps from the Belmont CTA station, this property offers both immediate stability and a clear path to a $126,800 pro-forma NOI through market rent adjustments.
Location
State IL
County Cook
Area Chi - Lake View
Interior
Cooling Central Individual
Fireplace N
Building
Dwelling Type Mixed Use
Structure Type Brick,Vinyl Siding
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Listed by Matthew Fritzshall of Triton Realty Group LLC