42-58 E 26th St - Apartments CONDO FOR SALE


Chicago, IL 60616- South Chicago
$2,050,000 USD
312-344-1487
42-58 E 26th St, Chicago, IL for Sale
$2,050,000 USD
Apartments CONDO - FOR SALE
1/6
null | Request Cap Rate

42-58 E 26th St
Chicago, IL 60616
South Chicago


HIGHLIGHTS

  • Renovations completed in the last five years.
  • Five retail units for sale.

OVERVIEW

This 5 unit Commercial Retail property has 5 beautiful spaces with upgrades all done in the last 5 years. Each tenant loves their space and are open to staying if new owner prefers. There is also flexibility if the new owner wants to open a business as well. You have the best of both worlds. The property sits at the bottom of the Bronzeville Lofts which is a professionally managed hoa condo building. The property only has 1 pin which is convenient for the new owner and is currently cash flowing with tenants. The property practically runs itself. An investor would only be responsible for taxes & insurance. Tenants are responsible for everything else per their commercial modified lease agreement. Tenants are responsible for all their own maintenance, hvac, plumbing, & electrical. Location has great exposure to the South Loop and less than 90 seconds from the expressway. Don't miss out on this amazing 5 unit Commercial Retail Space. Tenants are Salon Sevhn, a luxury hair salon with a long term lease. Guaranteed Rate, a Nationally Recognized residential mortgage lender, Blue Door Dave Real Estate, a local Boutique Real Estate Office, Bronzeville Community Center, a locally RN ran facility to provide office services amongst many others & Exceptional Building Services, a commercial cleaning service.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$236 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Bronzeville Lofts

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

65,600 SF

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

110

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

R

APN/PARCEL ID

17-27-123-025-0000

ASK ABOUT THIS PROPERTY

David ThomasBlue Door Dave IncMore Info
312-344-1487

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David ThomasBlue Door Dave IncMore Info
312-344-1487

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