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Listed by Derek Sobierajof Sobiko Brokerage Services, LLC
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Est. payment | /mo
8,600 SqFt
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Est. payment | /mo
8,600 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 8,600 sqft
MLS Listing ID 12591309
Year Built 1915
Annual Tax Amount $18,739
Tax Year 2024
Lot Dimensions 0.138
Property Sub-Type Mixed Use
Property Description
Well-located mixed-use building offering significant value-add potential. The recently gut-renovated commercial space features a column-free layout that can accommodate a wide variety of potential retail, office, or service uses. Existing B3-2 zoning allows for the potential conversion of two (2) additional ground-floor dwelling units with the procurement of a special use permit (no zoning change required). Current apartment rents are below market, presenting an opportunity for future income growth. Situated along North Avenue in East Humboldt Park, the property is positioned within a rapidly evolving corridor and offers convenient access to public transportation. With an in-place NOI of $111,493, without yet achieving full occupancy, the Property offers immense value-add potential thru leasing the remaining vacancy.
Location
State IL
County Cook
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
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