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Sara Latta-Young

saralattayoung@gmail.com +1(815) 685-5090

$ 725,000

Est. payment | -/mo

8,550 SqFt

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$ 725,000

Est. payment | -/mo

Save

8,550 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 8,550 sqft

Price per Sqft $84

MLS Listing ID 12634737

Year Built 1928

Annual Tax Amount $11,309

Tax Year 2024

Lot Dimensions 50X125

Property Sub-Type Mixed Use

Property Description

This mixed-use building includes 5 units in total, with two retail spaces on the bottom floor and 3 residential units on the upper floor. The two retail units can be separated, but have been occupied by a single bakery tenant since 1986. The property is zoned B1-1, and the retail units feature black iron, a partial basement, ample storage space, and high foot traffic that bodes well for a thriving retail business. The property includes 3 residential units above the retail space, all of which are 2-bedroom 1-bath units. In the rear of the property, there are a total of 3 parking spaces, consisting of 1 garage spot and two pad parking spaces. With all leases being month-to-month and below market rate, this presents an excellent opportunity for any value-add investor or owner/user to add a cash-flowing property to their portfolio.

Location

State IL

County Cook

Area Chi - Belmont Cragin

Interior

Cooling Central Air, Window Unit(s)

Fireplace N

Building

Dwelling Type Mixed Use

Structure Type Brick

Listed by Angelo Labriola of Sperry Van Ness

NEARBY PROPERTIES

+1(815) 685-5090

saralattayoung@gmail.com

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3012 N Laramie AVE Chicago, IL 60641