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$1,099,000
Est. payment /mo
4,800 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $228
MLS Listing ID 12661151
Year Built 1938
Annual Tax Amount $25,109
Tax Year 2025
Lot Dimensions 75 X 125
Property Sub-Type Mixed Use
Property Description
PRIME INVESTMENT OPPORTUNITY---8.1 CAP RATE---FULLY occupied THREE-lot / THREE pin investment/owner property with a tremendous traffic count and C1-2 ZONING for many businesses. Rent increases coming in September. ALL TENANTS ARE ON YEARLY LEASES EXCEPT FOR 5822 WHICH IS M-T-M. From left to right it consists of: 5618-gated parking lot/5620 three story mixed use---ALL NEW REHAB-- with a store, 200 amp panel, front-back office plus three private offices, upstairs has two 2-BR apartments, 100 amp panel, with separate dining, all with separate NEW HVAC plus hardwood floors plus all NEW steel back decks, NEW hot water tank, NEWER roof-5 years, rebuilt parapets, tuckpointed/5622 is a free standing 1 story flexi-core commercial garage---levels can be added---200-amp 3-phase+200amp panel. 5620+18 are MTM, rents. Just slightly north of Bryn Mawr and adjacent to the booming Devon corridor along with Lincoln Square, Ravenswood, Edgewater. Easy access to public transportation and Lake Shore Drive.
Location
State IL
County Cook
Area Chi - West Ridge
Zoning COMMR
Interior
Cooling Central Air
Flooring Carpet, Wood
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available
Roof Type Rubber
Building
Dwelling Type Mixed Use
Water Municipal Water
Structure Type Brick
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Listed by Alberto Gonzalez of EXIT Strategy Realty