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3001 W 111th Street

Chicago, IL 60655
  • $899,000
  • STATUS: Active
  • ON SITE: 30 Days
  • MLS #: 11775144
UPDATED: 19 min ago
$899,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Chi - Mount Greenwood
Type:
Commercial
Built:
1900
County:
Cook
Area:
Chi - Mount Greenwood

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Description

EXCELLENT INVESTMENT OPPORTUNITY! 9.3% CAP RATE WITH ROOM TO IMPROVE! 100% LEASED MIXED USE BUILDING WITH LONG TERM TENANTS. 5000sf DELUXE OFFICE SPACE AND 4 UPDATED RESIDENTIAL APARTMENTS. 7 UNITS TOTAL W/INDIVIDUAL HEAT & A/C. UPDATED KITCHEN & BATHS. 10 CAR PARKING LOT PLUS 13 CAR LEASED PARKING AREA. EXCELLENT LOCATION CLOSE TO SHOPPING, SCHOOLS, & TRANSPORTATION. Excellent investment opportunity. Mixed use building. 5,000 appx square foot deluxe office space and 4 updated residential apartments. 7 units total with individual heat & a/c. Updated kitchen and baths. 10-car parking lot plus 13-car leased parking area. Excellent location close to shopping, schools and transportation.

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© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Jasinski Home Team | Berkshire Hathaway HomeServices Chicago. Based on information submitted to the MRED as of 2023-06-04T22:58:08.33 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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3001 W 111th Street Chicago, IL 60655

  • Price: $899,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 19 min ago
  • MLS #: 11775144
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1900
Built
Neighborhood:
Chi - Mount Greenwood
County:
Cook
Area:
Chi - Mount Greenwood
Property Description
EXCELLENT INVESTMENT OPPORTUNITY! 9.3% CAP RATE WITH ROOM TO IMPROVE! 100% LEASED MIXED USE BUILDING WITH LONG TERM TENANTS. 5000sf DELUXE OFFICE SPACE AND 4 UPDATED RESIDENTIAL APARTMENTS. 7 UNITS TOTAL W/INDIVIDUAL HEAT & A/C. UPDATED KITCHEN & BATHS. 10 CAR PARKING LOT PLUS 13 CAR LEASED PARKING AREA. EXCELLENT LOCATION CLOSE TO SHOPPING, SCHOOLS, & TRANSPORTATION. Excellent investment opportunity. Mixed use building. 5,000 appx square foot deluxe office space and 4 updated residential apartments. 7 units total with individual heat & a/c. Updated kitchen and baths. 10-car parking lot plus 13-car leased parking area. Excellent location close to shopping, schools and transportation.
Exterior Features

Exterior Building Type BrickStucco Frontage Type City Street Outdoor Parking 19-30 Spaces Parking Total 23 Roof Reflective CoatingRubber Roof Structure Flat

Interior Features

Cooling Central Individual Flooring Carpet Heat Ventilation Forced AirGas Miscellaneous Inside Multi-TenantPrivate Restroom/SBasement Number Of Dishwashers 5 Number Of Dryers 2 Number Of Ranges 5 Number Of Washers 2

Property Features

Additional Parcels YN Yes Approximate Age Older Building Area Total 9700 Built Before1978 YN Yes Current Use Office Electric Separate Meters Fire Protection None Geographic Locale Chicago Southwest Gross Income 122400 Gross Scheduled Income 122400 Insurance Expense 6336 Location Central Business DistrictCornerMixed Use AreaHigh Traffic Area Mls Actual Status Active Net Operating Income 83618 Number Of Tenants 5 Operating Expense 38782 Ownership Types Corporation Possible Use Office And Research Property Sub Type Mixed Use Rental Price 0 Seller Needs Cash Tax Annual Amount 9786 Tax Year 2021 Tenant Pays Air ConditioningElectricityHeat Total Monthly Income 10200 Township Lake Type Mixed Use Zoning Commr

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Berkshire Hathaway Homeservices Chicago: 708-422-0011.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Jasinski Home Team | Berkshire Hathaway HomeServices Chicago. Based on information submitted to the MRED as of 2023-06-04T22:58:08.33 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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