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$255,000
Est. payment /mo
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12681697
Year Built 1923
Annual Tax Amount $10,011
Tax Year 2024
Lot Dimensions 120x124
Property Sub-Type Mixed Use
Property Description
Located along the rapidly re-emerging 79th Street Corridor in HIGHLY SOUGHT-AFTER SOUTH SHORE, this MIXED-USE investment opportunity offers tremendous upside for investors and owner-operators alike. The property features approximately 4,900 SQUARE FEET OF COMMERCIAL STOREFRONT SPACE, two OVERSIZED 3-BEDROOM residential units, and PARKING FOR 5+ VEHICLES. This B3-2 ZONED asset is WELL-POISED for stabilization, repositioning, or long-term REDEVELOPMENT, with potential access to valuable funding resources including TIF, SBIF, CDBG, NMTC, energy efficiency incentives, and other community development programs designed to enhance investment returns. With its PROXIMITY to the OBAMA PRESIDENTIAL CENTER, the emerging QUANTUM CAMPUS DEVELOPMENT, the lakefront, public transportation, and ongoing infrastructure investment, this property offers the flexibility and location investors seek in a growing market. Sold AS-IS, WHERE-IS. Come to one of our Hard Hat walk throughs or schedule your private tour today and discover the potential this strategic acquisition can deliver.
Location
State IL
County Cook
Area Chi - South Shore
Zoning COMMR
Interior
Cooling None
Fireplace N
Building
Dwelling Type Mixed Use
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Listed by Timothy Miller of EXIT Strategy Realty