4800 S Wood St - Storefront Retail/Residential FOR SALE


Chicago, IL 60609- West Englewood
$425,000 USD
312-589-5797
4800 S Wood St, Chicago, IL for Sale
$425,000 USD
Storefront Retail/Residential - FOR SALE
1/33
null | Request Cap Rate

4800 S Wood St
Chicago, IL 60609
West Englewood


HIGHLIGHTS

  • Great investment opportunity.
  • One commercial space and four residential units.
  • Mixed use investment property.

OVERVIEW

Prime investment opportunity. Two-story building in thriving Back of the Yards neighborhood. Former commercial space on ground floor and 4 residential units upstairs. New roof, new windows and newly tuckpointed. Property has been recently vacated to allow for interior renovation. Currently mosted gutted and ready for renovation. Excellent opportunity in Back Of The Yards! Large commercial space on ground floor, 4 residential apartments, full unfinished basement, plus full finished attic. Nearly $200K worth of work already completed including brand new roof, windows, and tuckpointing. Commercial space is approximately 1525sqft with 2 half baths. Space can be easily divisible into 2 storefronts - perfect size for a local nail salon, hairdresser, etc. Storefront rents projected at $1200 each and have access to full basement for additional storage. Residential apartments are currently 2-3 beds, 1 bath each. Take advantage of the full finished attic by creating duplex up apartments! Potential for (1) 2 bed 1 bath (Projected Rent: $1250) on 1st floor, and (3) 3 bed 2 bath duplex up units (Projected Rent: $2000) on 2nd floor. Projected Gross Annual Income of $115,800. Great location within close proximity to multiple supermarkets, shopping on 47th and Ashland, Davis Park, I-90 Expressway, Western Orange Line just 1 mile away.

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$73 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Convenience Store, Day Care Center, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1903

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

RS-3

APN/PARCEL ID

20-07-211-023-0000

ASK ABOUT THIS PROPERTY

Tom WagnerMon Ami RealtyMore Info
312-589-5797

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Tom WagnerMon Ami RealtyMore Info
312-589-5797

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