1859 E 87th St - Storefront Retail/Office FOR SALE


Chicago, IL 60617
$650,000 USD
773-558-2004
1859 E 87th St, Chicago, IL for Sale
$650,000 USD
Storefront Retail/Office - FOR SALE
1/18
null | 10.8% Cap Rate

1859 E 87th St
Chicago, IL 60617


OVERVIEW

Prime Chicago Commercial Investment Opportunity !!!!! This is your chance to invest in the heart of Chicago! Presenting a unique and lucrative investment property that combines the best of both worlds: Six spacious, well-appointed apartments and Six versatile storefronts, all under one roof! This property offers the perfect blend of residential and commercial income. This South Side property has excellent foot traffic, it's located on a main well known Street. This location is surrounded by numerous restaurants, shops, and public transpiration !! All 6 apartments feature 1 bedroom, 1 bath and all similar updates. All 6 apartments are rented and are bringing in income .All 6 versatile storefronts feature large display windows, ideal for entrepreneurs and business looking for prime retail or office space .Each storefront features high visibility and great rental income. 3 Storefronts are leased , 3 are ready for you to bring your vision to life . There are currently two beauty shops and one barbershop. With a strong rental history and the thriving location, this property promises excellent cash flow and long-term growth potential for investors .The combination of residential and commercial spaces diversifies your income streams, making a robust investment opportunity. Don't miss out on this amazing investment opportunity . Contact me today to schedule a viewing and explore the the potential of this unique property. This property is being sold as is !!!

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$236 USD /SF

CAP RATE

10.8%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

-

APN/PARCEL ID

25-01-107-009-0000,25-01-107-010-0000

ASK ABOUT THIS PROPERTY

Kristen RoussevKeller WilliamsMore Info
773-558-2004

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Kristen RoussevKeller WilliamsMore Info
773-558-2004

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.