233-241 E 115th St - Storefront Retail/Residential FOR SALE


Chicago, IL 60628
$150,000 USD
773-293-5090
233-241 E 115th St, Chicago, IL for Sale
$150,000 USD
Storefront Retail/Residential - FOR SALE
1/5
null | Request Cap Rate

233-241 E 115th St
Chicago, IL 60628


HIGHLIGHTS

  • Significant Value Add Opportunity
  • 100% Vacant
  • $16.7K per Unit
  • Three (3) 1Bd/1Ba, One (1) 2Bd/1Ba, & Five (5) Storefronts

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 235 E. 115th St. a nine (9) unit mixed use building in Chicago's Pullman neighborhood. The property is a short walk away from Palmer Park, the Kensington/ 115th Metra Station, and just a 25 minute drive from downtown Chicago. 235 E. 115th St. consists of three (3) 1Bd/1Ba units, one (1) 2Bd/1Ba unit, and five (5) retail spaces. By converting these units to 2 bedroom apartments, this gives an owner flexible options on what they can achieve with this building. The units have individual and separate utilities and nice square layouts. 235 E. 115th St. requires plenty of TLC, providing a new owner the opportunity to add significant value through renovations of the apartments, common areas, and retail spaces. A unique opportunity to hand select a tenant base, an owner can achieve a cash flowing asset by setting rental rates already achieved in the area.

FOR SALE DETAILS

PRICE

$150,000 USD

PRICE/SF

$24 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

B3-1

APN/PARCEL ID

25-22-303-001-0000,25-22-303-002-0000

ASK ABOUT THIS PROPERTY

Noah BirkKiser GroupMore Info
773-293-5090

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

Noah BirkKiser GroupMore Info
773-293-5090

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