3022-24-28 W Cermak RD new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60623
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 10,300 sqft
Price per Sqft $114
MLS Listing ID 12388230
Year Built 1906
Annual Tax Amount $10,480
Tax Year 2023
Lot Dimensions 75 X 125
Property Sub-Type Mixed Use
Property Description
The 2 Greystone buildings and dedicated parking lot are located in the next hot neighborhood. Think "Logan Square South". Many buildings in the area are being rehabbed and new condos are going up right across the street. The Pink Line EL train stop approximately 2 blocks from this location. Chicago has recently replaced much of the infrastructure in the neighborhood including water mains, sewer lines, sidewalks/ curbs, and street city-scape. The property is fully stabilized and has been well maintained. There are six 2-bedroom apartments. Every unit on both floors are spacious, comfortable and easily rented. Every space is fully updated with newer mechanicals, kitchen and baths. All residential tenants also enjoy shared outdoor space, both rear porches have been replaced with permits in the last few years. There is a 7 outdoor, off-street parking spots and a 3-car garage for a total of 10 spots but imagine 2 restaurants both sharing outdoor dining in the vacant lot in the future. Owner uses space in the property which is not accounted for in the income numbers. Some property rents are low for the market.
Location
State IL
County Cook
Area Chi - South Lawndale
Zoning COMMR
Interior
Cooling Central Air
Flooring Wood
Fireplaces Number 2
Fireplace Y
Exterior
Roof Type Rubber
Building
Dwelling Type Mixed Use
Level or Stories 3
Structure Type Brick