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Listed by James Hankesof @properties Christie's International Real Estate
$525,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 12521758
Year Built 1901
Annual Tax Amount $4,642
Tax Year 2023
Lot Dimensions 3150
Property Sub-Type Mixed Use
Property Description
Rare chance to acquire a classic brick building in one of McKinley Park's most desirable pockets. Come see a potential 4-Unit brick building with character & upside potential. This property offers a compelling mix of immediate rental income, renovation upside, and long-term value - perfect for investors, house hackers, or creative rehabbers. Complete electrical upgrade already done, saving you future expenses. Many windows replaced recently. 2 units move-in ready, 2 units ready for your ideas. Former longtime neighborhood tavern occupies the front first-floor unit - full of vintage charm and waiting to be reimagined. Due to the first floor tavern, the current zoning is Mixed Use with two legal apartments. First-floor rear is a rented 2 bed / 1 bath unit with storage on the rear porch. Second-floor front is a clean, move-in ready 2 bed / 1 bath, four room updated unit. Second-floor rear needs renovation - ideal value - add. Huge unfinished attic for your expansion possibilities. Basement with dual entry-from bar and rear porch. Radiator heat + window A/C. Three boilers and two hot water tanks. A 2-car brick garage with side driveway access. Solid structure, great bones, and incredible potential. Call me today for your private showing!
Location
State IL
County Cook
Interior
Cooling Window Unit(s)
Fireplace Y
Exterior
View Y/N true
Roof Type Composition
Building
Foundation Concrete Perimeter
Structure Type Brick
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Michael Scanlon
Team leader | License ID: 475.188240
Team leader License ID: 475.188240