Chicago IL Commercial for Sale

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

BRICK 6 UNIT (3) 2 BDRM &(3) 1 BDRM. ALL HAVE FORMAL DINING ROOMS. 1BR units can be converted to 2brs. Updated Kitchen and Bathrooms. NEW 400 AMP SERVICE, Recent boiler. Newer Tuckpointing AND 3 CAR GARAGE.

ADDITIONAL INFORMATION

Don't miss this Opportunity to own a Beautiful 6-unit brick property, ideally situated just minutes from the beach, Tiger Woods golf course, and the Obama Center! This fully occupied gem boasts impressive rental income and an exceptional cap rate around 13%! Making this a prime choice for savvy investors. Each of the 1-bedroom units features hardwood floors and individually controlled furnaces, ensuring low operating expenses and maximizing your returns. The front 2 units are LARGE and could possibly be converted to a two bed. The property's basement offers a ton of additional space and potential for upgrades and extra income generation, providing even more value and opportunity. Don't miss your chance to invest in this prime Chicago real estate Call and schedule your viewing today before this investment opportunity is gone!

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

Wonderful all brick 6 unit in Chatham. Fully occupied. One 3- bedrooms unit. Two 2-bedrooms units and three 1-bedroom units. Each unit has dining room, living room. 3-car newer garage. Laundry in the basement plus 2 extra rooms for storage. New insulation in the attic. Low Taxes. Great Investment opportunity. Schedule your showing today.

ADDITIONAL INFORMATION

This newly remodeled mixed-use building presents a unique investment opportunity with 14 income-producing units, comprising 6 residential apartments and 8 retail/office storefronts. Residential Units: Total: 6 units Configuration: (5) 1 bed/1 bath units and (1) 2 bed/1 bath unit Retail/Office Storefronts: Total: 8 units Features: Gas, forced heat, and central air Location & Accessibility The property is conveniently located close to Metra 79th St Station Interstate highway Investment Potential Opportunity Zone: Situated in an Opportunity Zone, this property qualifies for various city grants, providing additional financial incentives for investors. Community and Amenities: With its prime location, ample amenities, and a strong sense of community, this property is poised for consistent occupancy and income generation. Building Condition: The building violations with the City of Chicago have been mostly cleared, with the exception of four violations that the owner is actively working on resolving. 7900 S Drexel Ave is a strategically located, newly remodeled mixed-use asset offering significant income potential and long-term growth. Its residential and commercial units, combined with the benefits of being in an Opportunity Zone, make it an excellent investment for those seeking robust returns in the Chicago real estate market. Don't miss the chance to capitalize on this prime investment opportunity.

ADDITIONAL INFORMATION

REI wait no longer to build wealth, perfect investment to add to your portfolio! Motivated Seller! Solid building, some tlc needed, CASH BUYER/PRIVATE MONEY LENDER welcome. There are a few violations easy to resolve, this building is a money maker. Minutes to I-90 & I-94, bus stop, 15 minutes to Loop.

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

Discover an exceptional opportunity in vibrant Chatham! This brick legal residential 6-flat, is an amazing opportunity for investment. The fully occupied building has three 1 bedroom and three 2 bedrooms. Ample living rooms, dining rooms, kitchens and closet spaces. Double lot. Radiator heat. Lots of light and hardwood floors under carpet. Building needs some cosmetic work. Five car brick garage could produce additional income. Strictly As-Is. 100% tax proration. Easy access to buses, stores, restaurants and I94 highway. A tremendous opportunity, big $$ potential for an investor. Don't miss seeing this one.

ADDITIONAL INFORMATION

Two story mixed use property with great upside potential. The 1st floor features 2000 Sq. Ft of vacant office space. The second floor features two -2 BR, 1-Bath units. Both are separately metered. There is also a full unfinished basement. The property is located on a corner lot. Use your imagination on this property ! The property is being sold " as is".

ADDITIONAL INFORMATION

Presenting a beautifully updated, fully occupied 6-unit building, perfect for both investors and homeowners. The property features five 2-bedroom/1-bath units and one 3-bedroom/1-bath unit, all with living rooms. Each unit has been tastefully renovated, with modern kitchens and baths, updated plumbing, and individual furnaces. Tenants are responsible for their own electricity, heating, and cooking gas, ensuring a strong cash flow and cap rate. The building also offers potential for additional income by installing a coin-operated laundry and an extra livable unit in the spacious basement. The exterior is well-maintained, featuring new windows and a full perimeter fence. While the 3-car detached garage requires some work, it provides excellent on-site parking opportunities. Sold "AS IS." Please refer to the additional documents for the Financial Pro Forma.

ADDITIONAL INFORMATION

Presenting a beautifully updated 6-unit building in East Chatham, ideal for both investors and homeowners alike. Each unit has been tastefully renovated with modern kitchens and baths, featuring new electrical service and panels, updated plumbing, and individual furnaces. Tenants cover their own electricity, heating, and cooking gas. The building is 5 out of 6 units occupied, consisting of three (3) 2-bedroom/1-bath units and three (3) 3-bedroom/1-bath units, all offering living rooms. There's potential for additional income by installing a coin-operated laundry in the spacious basement. The exterior is well-maintained with a full perimeter fence, new windows, a new porch, and extensive tuckpointing. The 4-car detached garage, which requires some work, offers excellent on-site parking opportunities. This property is preferred to be sold as part of a portfolio with another property located just 50 feet away. Sold "AS IS." Please refer to additional documents for more information. Please select "Additional Information" for the Pro Forma.

ADDITIONAL INFORMATION

Don't miss this exceptional investment opportunity in the historically significant Greater Chatham community! This all-brick, 8-unit property is located in the Park Manor/Grand Crossing area, just 2 minutes from the Metra and close to parks and bike trails. With approximately 260 historic Chicago-style brick bungalows nearby, the neighborhood boasts unique charm and community spirit. Exciting developments are on the horizon, including the **$20 million Xchange Chicago** tech training center opening in 2024, projected to create 100 jobs and provide a $70 million economic impact. The **Greater Chatham Initiative** is actively improving the area, ensuring robust growth. Recent updates include beautifully renovated hallways and back porches, enhancing the property's appeal. With a cash-on-cash return of **6.7%**, a new rubber roof installed in 2019, and long-term tenants in place, this property is priced to sell and offers significant upside potential. Act quickly-this opportunity won't last long! Contact 8478816176 for access to the property, must provide financing info for showing .

ADDITIONAL INFORMATION

This is that armchair investment property you've been looking for! Almost everything has been done so you can sit back and collect rent. Solid brick 12 flat on a corner lot. Eleven large 2 Bed/1 and Bath units and one 1 Bed/1 Bath all rehabbed. All units have their own HVAC. Building in great condition w/ newer roof & windows. Extremely well maintained. Fully rented building with good tenants brings in almost $14K per month! Walking distance to the 79th Street Metra station.

ADDITIONAL INFORMATION

This is an incredible opportunity to own a beautiful building in Chatham! Building is in near perfect condition and has gone through extensive rehab, very little to do but sit back and collect rents! 26 units in total (Current unit mix is Nineteen 2 Bed/1 Bath, Five 1 Bed/1 Bath, and 2 legal garden units). Fully rented building with good tenants brings in almost $27K per month! Around 70% of the units are rehabbed to condo quality. Roof and building mechanicals less then 10 years old. Walking distance to the 79th Street Metra station. Don't miss out on this incredible investment opportunity!

ADDITIONAL INFORMATION

Beautiful multi-family brick building with six units, located in the historic Chatham. All six apartments in the building feature formal dining room, large bedrooms and living rooms. The building includes (3) one bedroom/ one bathroom units and (3) two bedrooms/ one bathroom units. The full size basement comes with an extra storage for each unit, a party room with wet bar, an additional room and a half bathroom that could be used for additional income. The property comes with 4 car garage that can be rented and generate extra income. Decent size backyard for tenants to enjoy in the warm weather. Conveniently located close to shopping area, public transportation, schools and parks while being tucked away on a beautiful tree lined street. Sold AS IS !

ADDITIONAL INFORMATION

Property Overview: Units: 12 two-bedroom, one-bathroom units HVAC: Individually metered for heating and cooling HUD Fair Market Rent (2024): $1,410 for the 60619 zip code Investment Potential: Pro Forma Net Operating Income: $128,885, representing a cap rate of 10.97% and a GRM of 6.28 Neighborhood Insights: Chatham is renowned for its stable residential character and vibrant local economy. This community is experiencing economic growth and increased housing demand, making it an attractive area for real estate investment. The property's location within this thriving neighborhood enhances its appeal and potential for long-term appreciation. Detailed Unit Breakdown: Unit Mix: 12 two-bedroom/one-bathroom units Economic Performance: Purchase Price: $1,175,000 Current Cap Rate: 8.72% This strong cap rate indicates a favorable yield compared to typical residential investment properties in the area. Current Net Operating Income (NOI): $102,475 annually Reflects efficient management and strong profitability. Current Gross Rent Multiplier (GRM): 7.22 Demonstrates significant rental income potential relative to market value. The property at 8321 S. Drexel Ave. represents a unique and promising investment opportunity in the Chicago real estate market. With a strategic location in the growing Chatham neighborhood and solid financial performance, this asset offers an ideal blend of risk mitigation and potential for high returns. The individually metered HVAC systems enhance tenant satisfaction and operational efficiency. This investment is an excellent choice for investors focused on long-term wealth accumulation in the multifamily housing sector.

ADDITIONAL INFORMATION

Unique property with a total of 13 residential apartments, a church and a storefront property previously used as a beauty salon. Property located in the middle of a proposed revitalization project through the city of Chicago. The proposed plan is said to convert the area into shops and restaurants. Some of the residential units are in need of many repairs from fire damage, but a great opportunity to own this massive building in an up and coming area. Property has three addresses but one pin. (935 E. 75th, 937 E. 75th & 7507-09 Ingleside). Sold AS IS

ADDITIONAL INFORMATION

The multifamily property located at 8554-8556 S Maryland Ave, Chicago, IL 60619, presents a compelling investment opportunity in the Chatham submarket. Built in 1930, this Class C property spans four stories and encompasses a total gross building area of 18,000 square feet, translating to a price of $61 per square foot. The property is offered at a purchase price of $1,100,000, with a cost per unit of $68,750 for the 16 one-bedroom, one-bathroom units. Currently, the units are rented at an average of $782 per month, with pro forma projections suggesting increases to $895 within 3 to 6 months and $939 within 6 to 12 months. This rent escalation potential is a key factor in the financial attractiveness of the property. The initial net operating income (NOI) stands at $73,438, resulting in a cap rate of 6.68% and a gross rent multiplier (GRM) of 7.15. With the projected rent increases, the NOI is expected to rise to $89,343 within 3 to 6 months, improving the cap rate to 8.12% and the GRM to 6.40. Further improvements within 6 to 12 months could see the NOI reaching $95,047, with an enhanced cap rate of 8.64% and a GRM of 6.10. The property is strategically located in the vibrant Chatham neighborhood of Chicago, within close proximity to essential amenities and services. Demographic data within a three-mile radius indicates a population of 294,461, an average household income of $54,280, and a median home value of $161,157, underscoring the potential for strong rental demand. Overall, this investment opportunity combines attractive pricing, potential for significant rental income growth, and favorable financing terms, making it a promising addition to any real estate portfolio.

ADDITIONAL INFORMATION

Welcome to a rare opportunity in the heart of Chicago's coveted Chatman area-a unique 6-unit building awaiting transformation into a lucrative investment. This property promises not just potential but a canvas for significant value appreciation after renovation.Imagine a charming structure with distinct architectural character, nestled in a vibrant neighborhood known for its appeal and growth potential. Each unit presents an opportunity to redefine urban living, whether through modern upgrades, sleek designs, or eco-friendly amenities.Serious investors understand the value of location and potential. The Chatman area is not just a sought-after neighborhood but a strategic investment hub, offering proximity to key amenities, transportation, and a thriving community. This is more than just another building-it's a project poised for transformation. Whether you're prepared to roll up your sleeves or assemble a capable team, the vision for this property is clear: elevate its stature, enhance its appeal, and capitalize on the booming market demand. Consider this a canvas for your investment portfolio-an opportunity where vision meets potential. The value post-renovation speaks for itself. Are you ready to seize this unique opportunity and unlock its full potential?

ADDITIONAL INFORMATION

This massive site formerly housed the historic Charles S. Jackson Funeral Home. The possibilities are endless. Located on a busy street with many other Retail businesses. Priced to Move. Property needs complete rehab. Vacant & Easy to show. Short notice OK. Immediate possession at closing. Property being sold AS-IS, 100% Tax prorations, No survey provided - Special Warranty Deed conveyance. Please do your own due diligence prior to offer submission. Proof of funds required with all offers. This property is mixed-use and all offers should include a plan to include residential.

ADDITIONAL INFORMATION

One story, move-in ready brick office building with adjacent dedicated parking lot for 20 vehicles. Built out to exacting specifications by the current owner/operator. Separate meeting room, individual offices and employee kitchen.

ADDITIONAL INFORMATION

9.7% In-Place Cap Rate with potential to increase current below market rents. Gross Income $82.464. All brick 8 unit in Grand Crossing neighborhood. Less than block away from the 71st & Eberhart bus stop, blocks away from Chicago's 69th train stop, this property sits between the I-94 Express and I-90 interstate which both provide for quick and convenient transportation. This 8 unit has a unique unit mix of apartments and is comprised of two 3Bd/2Ba units, two 2Bd/1Ba unit, and four 0/1Ba studios. All have hardwood flooring throughout with an open style concept. This property has been well kept and is ready for its next investor or owner occupant. Property is being sold As-Is.

ADDITIONAL INFORMATION

Stop by this well maintained 10 unit in the Chatham community.Current cap rate is 10.21% with the opportunity to raise rent and increase your profit. Location is central to local retail stores and transportation. This property boast individual heating, spacious units, and is ready for an owner occupant or investor. Property is being sold As-Is.

ADDITIONAL INFORMATION

HUGE PRICE DROP! END OF SUMMER OPPORTUNITY FOR A LUCKY BUYER. Park Manor MIXED USE Investment property. Building includes 10 units consisting of 9 Apartments and 1 Commercial Space (Vacant). Also a Bonus studio in basement. All individual heating in each unit. Each unit has living room and dining room. All tenants Month to Month tenancy. SOME UPDATES NEEDED. WHEN FULLY RENTED, LOTS OF MONEY TO BE MADE. Presently 90% Occupied. Sold AS-IS. Agent Interest. HURRY BEFORE IT'S GONE.