Description
Proud to present a 37-unit mixed-use retail & residential property located in the Greater Grand Crossing neighborhood of Chicago, IL. This property is located in a federal qualified opportunity zone and consists of (18) studio units, (10) one-bedroom, one-bath units, and (9) retail units. The property is 9.7 miles southeast of Midway International Airport and 10 miles from Chicago's central business district. The neighborhood has direct access to I-90 and the Chicago Skyway. This property gives an investor the opportunity to acquire a well-maintained asset with value add potential. Strong Rental Demand: The neighborhood surrounding the property exhibits a strong rental demand for both residential and commercial properties. This provides a favorable environment for investors looking to achieve stable rental income and potential appreciation over time. With ongoing urban development initiatives in the area, the property stands to benefit from future growth and appreciation. As the community continues to expand, the demand for mixed-use spaces is projected to increase, making this investment opportunity even more promising. Rental Income: The property's mixed-use nature allows for multiple streams of rental income from both residential and retail tenants, providing a diversified revenue base. With careful management and prudent financial planning, investors can achieve a competitive return on investment over time. Greater Grand Crossing is a historic and vibrant neighborhood located on the South Side of Chicago, Illinois. Known for its diverse community and rich cultural heritage, the area offers a mix of residential, commercial, and recreational spaces. With a strong sense of community and ongoing urban development initiatives, Greater Grand Crossing presents a promising and attractive place to live, work, and invest. Greater Grand Crossing has a significant historical background, dating back to the late 19th century. The neighborhood was originally established as a transportation hub, where several railway lines intersected, earning it the name "Grand Crossing." Over the years, it has evolved into a thriving community with a mix of architecture reflecting various eras, including charming historic homes and modern developments.
-
0BEDS
-
N/AACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
Proud to present a 37-unit mixed-use retail & residential property located in the Greater Grand Crossing neighborhood of Chicago, IL. This property is located in a federal qualified opportunity zone and consists of (18) studio units, (10) one-bedroom, one-bath units, and (9) retail units. The property is 9.7 miles southeast of Midway International Airport and 10 miles from Chicago's central business district. The neighborhood has direct access to I-90 and the Chicago Skyway. This property gives an investor the opportunity to acquire a well-maintained asset with value add potential. Strong Rental Demand: The neighborhood surrounding the property exhibits a strong rental demand for both residential and commercial properties. This provides a favorable environment for investors looking to achieve stable rental income and potential appreciation over time. With ongoing urban development initiatives in the area, the property stands to benefit from future growth and appreciation. As the community continues to expand, the demand for mixed-use spaces is projected to increase, making this investment opportunity even more promising. Rental Income: The property's mixed-use nature allows for multiple streams of rental income from both residential and retail tenants, providing a diversified revenue base. With careful management and prudent financial planning, investors can achieve a competitive return on investment over time. Greater Grand Crossing is a historic and vibrant neighborhood located on the South Side of Chicago, Illinois. Known for its diverse community and rich cultural heritage, the area offers a mix of residential, commercial, and recreational spaces. With a strong sense of community and ongoing urban development initiatives, Greater Grand Crossing presents a promising and attractive place to live, work, and invest. Greater Grand Crossing has a significant historical background, dating back to the late 19th century. The neighborhood was originally established as a transportation hub, where several railway lines intersected, earning it the name "Grand Crossing." Over the years, it has evolved into a thriving community with a mix of architecture reflecting various eras, including charming historic homes and modern developments.
© 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 2023-10-04T22:59:19.827 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