Thriving cash flow at this investor's dream in Garfield Park! Exceptionally large 5-unit, all brick building includes 5 updated apartments, with newer kitchens, bathrooms, windows, plumbing, and electrical. Each unit is supplied with appliances, W/D, water heater, and furnace. There are two 4-Bed/2-bath apartments, showcasing vintage fireplace charm, a sunroom with an open southern view, and additional living space/closets throughout. Two apartments (1-bed/1-bath, 2-bed/1.5-bath) share the 3rd floor and were also recently updated, with newer utilities, appliances, and washer/dryer. The legal garden unit (1 bed/1 bath) off the front entranceway was rehabbed as well and is a solid income earner. All-brick two-car garage in back. Great location for long/short term tenants-Steps from the Pulaski Blue-line, 290, and Garfield Park.
Great building, Prime Location, suitable for a variety of business, property has had many updates in recent years. Electrical and Garage Doors (2019), Roof & Gutters (2021), parking space for 10 to 12 cars in back of building, great exposure with tons of potential, near Midway Airport and I-55. Please allow 24hr for Showings.
Great retail space now available in the Galewood/Oak Park North Ave business corridor. This property is being sold AS IS. Approximately 1800 square feet of space that is ready for your custom retail buildout. There is convenient customer parking in back lot that comes with the sale. Good location next to Serrelli's Finer Foods and across from Wonder Works Children's Museum and just one block up the street from the new Urban Lofts apartment complex.
Impeccable all brick, 2019 build, 12 unit apartment building in Lincoln Park. Built by an experienced builder with over 30 years experience building in the Chicagoland area. Built as a condo building, this property was finished to the highest quality, including quartz counters, stainless appliances, fire places, in-unit washer/dryer, garage parking and rooftop decks. Fantastic rental units, never vacant. Turn key property. The seller has never allowed pets, so the units have stayed in fantastic condition. // $586,500 Gross Yearly Rental Income // 5.63% CAP Rate // Upside Potential Bringing Rents to Market Rates (Number of long term tenants)
A must see commercial property. Great use for all kinds of professional office use, Insurance, Brokerage, Medical user, Doctor/Dentist, Photo Studio, Architect or Retail Business. Also great use for Contractors, Electricians, Plumbers. Good Size Warehouse w/12' overhead garage door & Gated truck/car parking. Don't miss out on this great deal in great location.
A prime commercial storefront is now available for sale in the bustling heart of Chicago's vibrant Chinatown. Situated in a high visibility area, this property offers an ideal location for various businesses such as offices, shops, or clinics. Its proximity to all major transportation hubs and highways ensures easy accessibility for both customers and employees. With countless restaurants, shops, and public transportation options nearby, the storefront is conveniently nestled within the pulse of the city. Additionally, for added convenience, parking is available for sale separately, making this an exceptional opportunity for entrepreneurs seeking a strategic location in one of Chicago's most dynamic neighborhoods. PLEASE DO NOT disturb the tenant, thanks!
Large renovated commercial condo for sale or lease in a great location along Touhy between Western and Ridge. Clean open space with three private offices, reception, large open office, one restroom, a janitor's closet and mechanical room. Great visibility with good foot and auto traffic. High 14' ceilings with natural southern light. Zoned B1-2 allows for many types of commercial businesses. Located in the West Ridge neighborhood with a good mix of residential and commercial uses.
Large renovated commercial condo for sale or lease in a great location along Touhy between Western and Ridge. Clean open space with three private offices, reception, large open office, one restroom, a janitor's closet and mechanical room. Great visibility with good foot and auto traffic. High 14' ceilings with natural southern light. Zoned B1-2 allows for many types of commercial businesses. Located in the West Ridge neighborhood with a good mix of residential and commercial uses.
Stunning seven unit property in the heart of historic Lincoln Park. Unit count consists of six one bedroom apartments and one studio. Recent improvements include adding central heat/air, renovating kitchens and baths in five of the apartments, and improving the common area hallways. Three parking spaces in the rear for additional revenue as well as coin laundry. Professional management in place and can be transferred to new buyer. Sales packet with more information available upon request. Current rent roll of $11,750 with room to easily push past $13k by end of 2024.
Allow us to introduce our newest listing!! With a total of 10 parking spaces on the exterior and 7 units in the building, this property is the PERFECT investment!! 4/5 RESIDENTIAL UNITS BEING RENTED OUT PLUS 2 MORE COMMERCIAL UNITS! As you enter, notice the fully gutted-out commercial spaces which one can modify to their liking and lease out, as well as the staircase to all the other various units in the building. with a total of 7 units, 5 are residential units and 4 are already rented out for $825. on top of this, the 2 extra units are commercial spaces that are fully empty. ALL apartments have passed city HVAC, Electrical, and plumbing inspections in 2019. The NEW porch passed city inspection in 2019 Located conveniently near public transportation, local grocery stores, many retail shops, and expressways, this property will match perfectly with any tenants looking to lease or rent their new apartment!! Even with some areas of the property needing work, the majority of the units have already been retouched and move-in ready for your convenience!!! Come and schedule your private showing!!
Excited to present a unique investment opportunity located at 601 N. Wells St., Chicago, IL 60654, in the heart of the River North neighborhood of Downtown Chicago. This prime real estate offering includes a retail property with 2,800 square feet of space, currently outfitted as a restaurant, and an advantageous billboard lease adding to its income potential.KW Commercial and Keller Williams ONEChicago are excited to present a unique investment opportunity located at 601 N. Wells St., Chicago, IL 60654, in the heart of the River North neighborhood of Downtown Chicago. This prime real estate offering includes a retail property with 2,800 square feet of space, currently outfitted as a restaurant, and an advantageous billboard lease adding to its income potential. The total land size of the property is 2,722 square feet, under Downtown Mixed-Use (DX-5) zoning, which accommodates a high-density mix of commercial, residential, and office spaces. This flexibility provides a wide array of redevelopment opportunities, making it an attractive proposition for investors looking to maximize the site's utility and revenue. Significantly enhancing this property's value is a billboard lease with an annual income of $89,165.72, which has 20 years remaining, expiring in 2046. The lease income is set to increase by 3.5% annually, offering a steady growth in revenue over time. This additional income stream contributes to the property's overall attractiveness and potential for high returns on investment. Previously operated as a Latin American, seafood, and Mexican restaurant, the retail space is well-suited for similar future uses. It suggests that the space is fully equipped for food service operations, potentially including a bar or lounge area. The existing kitchen, dining, and service areas are presumably in a condition that would support continued use without significant renovations if well maintained. The property's DX-5 zoning enables a multitude of redevelopment possibilities: Mixed-Use Development: Combining retail with residential or office spaces above to leverage the property's location and zoning for maximum income. Exclusive Restaurant/Bar: The space could continue serving as a premium dining venue or bar, drawing in clientele from River North and the broader Downtown Chicago area. Boutique Retail or Gallery Space: Aligning with the neighborhood's cultural scene, the space could be transformed into a boutique retail store or art gallery catering to River North's affluent demographics. River North is renowned for its dynamic art galleries, vibrant nightlife, and dining scene, making it a coveted location for any retail or mixed-use development. The neighborhood's affluence, high foot traffic, and excellent visibility and accessibility to locals and tourists alike underscore the strategic value of investing in 601 N. Wells St.
Welcome to an exceptional opportunity in the neighborhood of Belmont Cragin, presenting a versatile 7,500 square feet of retail with parking in the rear of the lot. Located on at the corner of Addison Street and Nagle Avenue-block end to end, just west of Austin Avenue. This property offers a blend of lucrative tenancy and enticing vacancies for potential expansion, lease, and owner operations. Spanning an expansive 7,500 square feet of, sitting on approximately 11,337 square feet of land with 123' feet frontage on Addison Avenue, seeing 17,724 vehicles per day. This property is zoned B3-1 and provides ample space to accommodate diverse business ventures. The layout includes a total of four tenant spaces along with two vacant areas, strategically designed to maximize functionality and profitability. Strip center with 4 spaces. Tenant 1: Automotive business occupying 2,800 SF. Equipped with a convenient drive-in door, this space caters to the automotive industry's demands with efficiency. Tenant 2: Another automotive enterprise encompasses 2,300 SF, also facilitated with a drive-in door. With two vacant adjacent spaces with approximately 900 SF and 1500 SF ready to be customized according to the discerning needs of prospective tenants, this property offers endless possibilities for expansion and diversification. Whether for additional automotive services, retail ventures, or office setups, the vacant areas present an enticing canvas for entrepreneurial endeavors. Please do not disturb businesses.
In the South Loop on the North East corner of Cermak and State, its also adjacent and just West of the Green Line CTA Train Station. 6 retail store Fronts and 1 Residential 1 Bed 1 bath apartment. Zoning DX-5. 2137 S State 1000 sq. Ft, 2 E Cermak 800 sq. Ft, 4 E Cermak, 1000 Sq. Ft, 6 E Cermak 1000 Sq. Ft, 8 E Cermak 1200 Sq. Ft, 10 E Cermak 1500 Sq. Ft, 10 E Cermak #2b 1300 Sq. Feet. Plenty of opportunity and potential, the existing commercial leases are both Triple Net leases. Come see this for yourself. Proof of funds Or Prequal prior to scheduling a showing.
"As-Is Sale" This is a opportunity to own a unique commercial property. This versatile office style building, situated in a prime location, which offers a remarkable opportunity for savvy investors or business owners. Positioned on Western Avenue, this property benefits from high visibility and accessibility, thanks to its proximity to major retail outlets like Menards and Walmart. This strategic location not only guarantees a steady flow of potential clients but also provides excellent convenience and exposure. With the property dual-side layout, the property caters to a diverse range of business needs-from office spaces to specialized services like barber shops or dental practices. The 8941 side boasts a waiting and reception area, four offices, and two bathrooms while the 8943 side features a spacious main area, four individual offices, and a bathroom. Both sections share a convenient kitchen and a compact file room, making it ideal for various ventures. Due to recent water damage caused by burst pipes, the property requires a comprehensive gutting and rehabilitation. This presents a unique chance for investors to remodel and customize the space. Prior to the water damage, the roof was completely redone in 2021, AC (2021), and the furnace has been enhanced with a new control board. This property represents a blend of opportunities-ideal for those looking to invest in a space with potential for high returns through refurbishment and strategic location. Whether you're aiming to establish your own business or lease spaces to others, this commercial building offers the flexibility and potential to realize your vision. It is incumbent upon the buyer to conduct their own comprehensive due diligence regarding the property.
***Rent Roll Available in Additional Info*** Rent amount is great now, but can be higher (CHA allows landlords to apply for higher rent). Come check out this Investor-friendly multi-family unit building with 7 units for sale. The building consists of six spacious and bright 3 bed 1 bath units & one 4 bed 1 bath unit with generous living square footage and ample closet space. Current occupancy rate of 100% of the capacity making it a secure investment of your hard earned money. Each unit has its own water heater and furnace, all up to date and working well. The occupied units are with CHA tenants, except for one (non-CHA tenants have been living in the building for 20+ years) ensuring consistent cash flow every month. ***Gross income - $9651 NET operating income: $4700/month!!!!*** This is a brick building on the outside with a detached 2-car garage and several remodeled units on the inside featuring recently restored and varnished hardwood floors in four of the units, life-proof, waterproof laminate flooring throughout the rest, freshly painted and move-in ready. One apartment in original condition because tenants have been living there for 20+ years. The roof of both the building and the garage have also been restored in August, 2023 (before and after photos available upon request).
This two-story retail building offers an amazing turn-key business opportunity! Second floor is beautifully renovated and sectioned into 8 suites of which 4 are rented accruing $3800 monthly income. Over 2500 sq ft of retail space, Huge ceilings, newer windows, coverings and fixtures. Newly built back porch, Huge basement and garage can be used for storage or parking. 1st floor is a huge blank canvas ready for your business ideas (restaurant, cafe, shop, etc.) There is endless potential in this high-traffic, highly sought-after location. Adjacent lot included!
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