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Description
BEAUTIFUL MIXED USE COMMERCIAL BUILDING. 2 NICELY RENOVATED APARTMENTS UPSTAIRS & FULLY FUNCTIONAL RESTAURANT & GELATO SHOP IN THE COMMERCIAL SPACES. RIGHT IN FRONT OF THE CHICAGO BLUE LINE STOP. 12 PARKING SPACES BEHIND THE BUILDING. FANTASTIC OPPORTUNITY FOR THE SAVVY INVESTOR/OPERATOR. CURRENT REVENUE IS $7400 -APT 1 IS A 2 BED 1 BATH 1,100 SQ FT @ $1,900 -APT 2 IS A 2 BED 1 BATH 1,100 SQ FT @ $1500 -RESTAURANT 1 IS 2800 SQ FT + FULL BASEMENT AT $1500 A MONTH RENT (FAMILY) RESTAURANT WILL VACATE. THEY PAY WATER FOR BLDG. -RESTAURANT SPACE 2 IS 500 SQ FT & RENT IS $2,500 M0 -INSURANCE IS $9,800 THE RESTAURANT SHOULD BE GETTING $7K A MONTH PLUS CAMS. THE APARTMENTS ARE UNDER MARKET AND SHOULD BE $2K + A MONTH. STABILZED THIS SHOULD BRING IN AROUND $13-$14K A MONTH..AROUND $150K NET INCOME POTENTIAL.
Location
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Based on information submitted to the MRED as of date and time shown below. All data is obtained from various
sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change
without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the
office/agent presenting the information. © 2022. http://www.mredllc.com/comms/resources/DMCA_Notice.pdf Updated: 8th June, 2023 11:26 AM (UTC)
sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change
without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the
office/agent presenting the information. © 2022. http://www.mredllc.com/comms/resources/DMCA_Notice.pdf Updated: 8th June, 2023 11:26 AM (UTC)
Listing Office: @properties Christie's International Real Estate
Attribution contact: 312-254-0200
