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$223,000 / 9000ft2 - Off-Market Brick 6-Unit Commercial Building – Austin Area, Chicago (Austin)64041643218817120
$223,000 / 9000ft2 - Off-Market Brick 6-Unit Commercial Building – Austin Area, Chicago (Austin)64041643218817121
$223,000 / 9000ft2 - Off-Market Brick 6-Unit Commercial Building – Austin Area, Chicago (Austin)64041643218817122
$223,000 / 9000ft2 - Off-Market Brick 6-Unit Commercial Building – Austin Area, Chicago (Austin)64041643218817123
$223,000 / 9000ft2 - Off-Market Brick 6-Unit Commercial Building – Austin Area, Chicago (Austin)64041643218817124
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$223,000 / 9000ft2 - Off-Market Brick 6-Unit Commercial Building – Austin Area, Chicago (Austin)

addressDivision & Kilbourn, Chicago, IL 60651, USA

Description

Type: 6 Commercial Units Building Size: 9,000 sq ft (approx. 1,285 sq ft per unit) Lot Size: 0.28 acres Baths: 7 Year Built: 1922 Occupancy: 5 units occupied / 2 vacant Investment Highlights: Off-market opportunity in the Austin area of Chicago Solid brick 6-unit mixed-use commercial building Currently bringing in $6,700/month rent with 5 tenants Fully occupied potential: $9,700/month ($116,000/year) 2 vacant units (one needs full rehab, one ready for build-out) Long-term tenants with stable payment history Great upside potential with rent increases and cosmetic improvements Current Tenant Breakdown: Accounting Office – $1,500/month (tenant since 2018) Event Space – $1,500/month Clothing & Cigar Store – $1,100/month Restaurant – under renovation, 6 months free rent, will pay $1,800/month Event Space (Vacant) Vacant (Needs Full Gut Rehab) Storage (Clothing & Cigar Shop) – $800/month Taxes: $43,090 per year Projected Gross Rent (Fully Occupied): $9,700/month | $116,400/year Located in the heart of Austin, one of Chicago’s most active redevelopment corridors. This property offers strong cash flow potential for investors looking for income-producing commercial assets at a deep discount. Showing Requirements: Property is off-market and shown by appointment only Buyers must provide Proof of Funds and examples of last few closed deals before scheduling a walkthrough Text Andre for a quick response. Andre 708=932-8526

Source:  craigslist View original post

Location
Division & Kilbourn, Chicago, IL 60651, USA
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