Located on a corner lot in the up and coming neighborhood of Bowmanville, this mixed-use building is perfect for an investor or user looking for a home for their business. The property features (2) 2br/1ba apartments + (1) non-conforming studio unit - all located on the second floor. The ground floor features (3) commercial spaces. One is occupied through 10/1/2025 and the other two are vacant. Previously there had been a bar with both spaces combined, but now it's set up for an office/retail set up. Endless possibilities on this one. All units have individual HVAC & the roof is a tear off in 2024. Commercial spaces feature newer commercial windows as well. Current gross rents are $68,400 annually. That can be pushed to $135,000 JUST BY FILLING VACANCIES AND BRINGING RENTS TO MARKET! Apartment rents are well below market (long term tenants and relative in the other) & studio unit was recently renovated and rented out. Reach out to learn more about this asset.
MLS# | 12203146 |
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Listing Type | For Sale |
Style | Mixed Use |
Sub-Type | Resale |
Status | Active |
Year | 1930 |
Days On Site | 102 |
Listing Provided By | Horvath & Tremblay IL, LLC | John Preston |
SQ Feet | 6,148 |
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Story(s) | 2 |
Units | 6 |
Zoning | COMMR |
State | IL |
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County | Cook |
City | Chicago |
Zip Code | 60625 |
Area | CHI Lincoln Square |
Listing VS Median (in 60625) | |
Price: $1,095,000 low | high Med: $232,000 SqFt: 6,148 low | high Med: 1,000 $ / SqFt: $178 low | high Med: $232 On Site: 102 low | high Med: 13.000000 |