Chicago IL Commercial for Sale

ADDITIONAL INFORMATION

Introducing an exceptional investment opportunity in the vibrant neighborhood of Pilsen! This brand new, gut-rehabbed multifamily building boasts 15 stylish units, offering the perfect blend of modern luxury and urban convenience. With a 7.51% capitalization rate, this property presents an irresistible chance for savvy investors to maximize their returns in a rapidly growing market. Located in the heart of Pilsen, one of the hottest areas in town, this multifamily building benefits from an incredibly desirable location. Pilsen is renowned for its vibrant arts scene, trendy boutiques, popular restaurants, and lively entertainment options, making it a sought-after destination for residents and visitors alike. In addition to its superb location, this multifamily building has been meticulously renovated from top to bottom, ensuring low maintenance and minimal vacancy rates.

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

Pearson Realty Group been exclusively retained to sell 3 parcels at the SW corner of Ashland Ave and Archer Ave. The MLS ID's for the other 2 properties are #12039726 and #12039763. These 3 properties can be purchased individually, or all together as a package at a discounted price. This is a high traffic location with 26,500 VPD on Ashland and 23,400 VPD on Archer. Directly east across Ashland Ave is a Mariano's Anchored Retail Shopping Center. Commercial neighbors of this property include JC Licht/Ace Hardware, H&R Block, Subway, Burger King, O'Reilly Auto Parts, White Castle, Dollar Tree, T Mobile, Popeyes, Sherwin Williams, GNC, Great Clips, and Mattress Firm. This is the westernmost of 3 properties at the SW corner of Ashland and Archer Aves and the address is 3117 S. Archer Ave. This is a one story structure with driveway access on Ashland Ave and vehicle egress through an overhead door onto Archer Ave. The long time tenant here is a Car Wash named Georgie Boy's Hand Car Wash. 3117 S. Archer Ave is being offered individually for sale for $200,000. This property is also not being offered for lease. This property is being sold "as-is, where-is".

ADDITIONAL INFORMATION

3 parcels at the SW corner of Ashland Ave and Archer Ave. The MLS ID's for the other 2 properties are #12039726 and #12039782. These 3 properties can be purchased individually, or all together as a package at a discounted price. This is a high traffic location with 26,500 VPD on Ashland and 23,400 VPD on Archer. Directly east across Ashland Ave is a Mariano's Anchored Retail Shopping Center. Commercial neighbors of this property include JC Licht/Ace Hardware, H&R Block, Subway, Burger King, O'Reilly Auto Parts, White Castle, Dollar Tree, T Mobile, Popeyes, Sherwin Williams, GNC, Great Clips, and Mattress Firm. This is the middle building of 3 located on the SW corner of Ashland and Archer. This is a 2 story building with a full basement. Each floor is approximately 1600 s.f. The first floor is occupied by a long time bar and music venue named One City Tap. The second floor is split up into 7 bedrooms, with 2 bathrooms and one kitchen. This 2nd floor area is licensed as an SRO, and any sale must follow the rules and regulations governing the transfer of an SRO property (click on link in Broker's Private Remarks). 3115 S. Archer Ave is being offered for sale individually for $450,000. This property is not being offered for lease. This property is being sold "as-is, where-is".

ADDITIONAL INFORMATION

Pearson Realty Group been exclusively retained to sell 3 parcels at the SW corner of Ashland Ave and Archer Ave. The MLS ID's for the other 2 properties are #12039763 and #12039782. These 3 properties can be purchased individually, or all together as a package at a discounted price. This is a high traffic location with 26,500 VPD on Ashland and 23,400 VPD on Archer. Directly east across Ashland Ave is a Mariano's Anchored Retail Shopping Center. Commercial neighbors of this property include JC Licht/Ace Hardware, H&R Block, Subway, Burger King, O'Reilly Auto Parts, White Castle, Dollar Tree, T Mobile, Popeyes, Sherwin Williams, GNC, Great Clips, and Mattress Firm. The 1st of the 3 parcels, which is located at 3111 S. Archer, is a one story retail location with a finished basement. The first floor is all open space and the basement area has the same footprint, but includes 2 private rooms with sinks, and a 2 separate bathrooms. The billboard on the roof of this bldg is owned by Clear Channel and they have a easement in perpetuity and own the air rights. In a deal inked many years ago, the owner of this property derives no rental income from that billboard or from any lease payments for the easement. This property is being sold "as-is, where-is" and is offered for sale individually for $150,000. This space - and only this space - is also being offered for lease at $1800/mo on a gross basis.

ADDITIONAL INFORMATION

Pearson Realty Group been exclusively retained to sell 3 parcels at the SW corner of Ashland Ave and Archer Ave. These 3 properties can be purchased individually, or all together as a package at a discounted price. This is a high traffic location with 26,500 VPD on Ashland and 23,400 VPD on Archer. Directly east across Ashland Ave is a Mariano's Anchored Retail Shopping Center. Commercial neighbors of this property include JC Licht/Ace Hardware, H&R Block, Subway, Burger King, O'Reilly Auto Parts, White Castle, Dollar Tree, T Mobile, Popeyes, Sherwin Williams, GNC, Great Clips, and Mattress Firm. The 1st of the 3 parcels, which is located at 3111 S. Archer, is a one story retail location with a finished basement. The first floor is all open space and the basement area has the same footprint, but includes 2 private rooms with sinks, and a 2 separate bathrooms. The billboard on the roof of this bldg is owned by Clear Channel and they have a easement in perpetuity and own the air rights. In a deal inked many years ago, the owner of this property derives no rental income from that billboard or from any lease payments for the easement. This property is being offered for sale individually for $150,000. This space - and only this space - is also being offered for lease at $1800/mo on a gross basis. The second building is located just west of this at 3115 S. Archer. This is a 2 story building with a full basement. Each floor is approximately 1600 s.f. The first floor is occupied by a long time bar and music venue named One City Tap. The second floor is split up into 7 bedrooms, with 2 bathrooms and one kitchen. This 2nd floor area is licensed as an SRO, and any sale must follow the rules and regulations governing the transfer of an SRO property (click on link in Broker's Private Remarks). 3115 S. Archer Ave is being offered for sale individually for $450,000. This property is not being offered for lease. The third property is just west of this one and has the address of 3117 S. Archer Ave. This is a one story structure with driveway access on Ashland Ave and vehicle egress through an overhead door onto Archer Ave. The long time tenant here is a Car Wash named Fine Touch Pro Detailing and Car Wash. 3117 S. Archer Ave is being offered individually for sale for $200,000. This property is also not being offered for lease. If all 3 properties are purchased individually, the total purchase price will be $800,000. If these 3 properties are purchased all together as a package, they can be acquired for the discounted sale price of $725,000 - again, with the stipulation that any new owner must abide by the City of Chicago's SRO ordinance which dictates the terms and conditions of the transfer of SRO properties. If fully leased, these 3 properties together will produce a gross income of approximately $110,000/yr, and with conservatively estimated Operating Expenses, an NOI of $59,950. At the package deal price of $725,000, this will equate to an 8.27% Cap Rate.

ADDITIONAL INFORMATION

Welcome to this vibrant mixed-use property nestled in the heart of Pilsen! Ideal for investors or owner-occupiers seeking a prime location with endless potential. The two three-bedroom apartments boast spacious living (2 living rooms per apartment) and dining areas, perfect for comfortable urban living. Meanwhile, the storefront's 1000 sq ft open layout, complete with new windows, lighting, and flooring, presents an enticing opportunity for entrepreneurs. With a recently remodeled bath and potential for more office space in the partial basement, this property offers versatility and charm. The exterior features a fenced in backyard, each apartment with a porch/deck and a 2 car garage. Don't miss out on ample street parking, making accessibility a breeze. Explore the endless possibilities of this thriving Pilsen gem today!

ADDITIONAL INFORMATION

Pleased to present, to qualified investors, the opportunity to acquire 1723- 25 S Ashland Ave, Chicago, IL, 60608. This renovated Mixed-Use building contains four commercial spaces and 9 residential units. Units contain forced heat and air, high ceilings, and residential modern finishes. Located on the northeast corner of Ashland Ave. & 18th St., it is perfectly positioned as it is viewed daily by an average of 35,876 vehicles. It sits at the stop of bot 18th St. and Ashland CTA buses, and is steps from the 18th St. CTA Pink Line. KEY DETAILS: - Located On The Northeast Corner of Ashland Ave. & 18th St. - Present Updating To Nine Residential Units - Four Commercial Spaces - Long-Term Commercial Spaces - Low Expenses - CTA Public Transportation Bus Stops For Both Ashland Ave. & 18th St. Located At The Front Steps Of The Property - Steps from the CTA 18th St. Pink Line Stop - Located At The Heart of Pilsen, and The Entry To East Pilsen - 35,876 Average Daily Traffic At The Intersection Of Ashland Ave. & 18th St.

ADDITIONAL INFORMATION

Rarely available 6-unit mixed use Greystone on Ashland Ave with possible 7th unit studio/storage and FULL basement and brick 2 car garage! Building features updated electrical, many newer windows, 2 car brick garage, 27,000~ daily traffic on Ashland Ave, CTA Pink Line 18th St/Paulina.3 mile away short walk, CTA bus 1/2 block walk, lots of new developments in the area, restaurants and shopping walking distance, laundromat next door, minutes from Downtown. Building has secure/fenced in backyard with alley access. Lots of street parking available. Building is walking distance from K-12 schools.

ADDITIONAL INFORMATION

PERFECT LOCATION TO START OR EXPAND YOUR OWN BUSINESS IN PILSEN AREA (HEART OF SOUTHWEST CHICAGO). RESTAURANT FOR 50 SEATS PLUS FULL SERVICE BAR. TWO EXTRA APARTMENTS WITH 3 BEDROOMS EACH, FOR EXTRA INCOME, FULL BASEMENT AND A 2 BRICK CAR GARAGE. (APARTMENTS HAVE SEPARATE UTILITIES AND MANY MECHANICALS HAVE BEEN UPDATED).

ADDITIONAL INFORMATION

AMAZING OPPROTUNITY IN HEART OF BOOMING PILSEN!!!! 6 UNIT BUILDING ALL UNITS ARE CURRENTLY TWO BEDROOMS ONE BATHS. ALL UNITS HAVE SEPERATE FURNACES FOR HEAT AND , SEPERATE HOT WATER TANKS. COME AND PUT YOUR FINISHING TOUCHED ON THIS BUILDING AND MAKE IT YOUR OWN. BUILDING HAS FULL BASEMENT THAT IS FINISHED AS WELL THAT GIVE ROOM FOR EXPANDING!! also walkup unfinished attic YARD WITH 2 CAR GARAGE!!!