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Sara Latta-Young

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

$ 795,000

Est. payment | -/mo

5,550 SqFt

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$ 795,000

Est. payment | -/mo

Save

5,550 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 5,550 sqft

Price per Sqft $143

MLS Listing ID 12663078

Year Built 1891

Annual Tax Amount $8,795

Tax Year 2023

Lot Dimensions 25X128

Property Sub-Type Mixed Use

Property Description

Nestled in a vibrant neighborhood close to parks, shops, public transit, and bustling local businesses, this updated property offers a rare investment opportunity. Spanning two separate buildings, it features an impressive, income-generating setup: a 4-unit residential section plus a restaurant space, totaling 7 bedrooms and 4 full bathrooms. The front building boasts a highly visible restaurant or commercial space on the ground floor, drawing steady foot traffic, with a spacious 2-bedroom, 1-bath apartment above and a full basement below. Coin-operated laundry in the basement provides extra income for the owner. The rear building enhances the property's value with two additional 2-bedroom, 1-bath apartments and a basement unit. A 1-car garage adds convenience, while tenants covering all utilities keeps expenses low. The mixed-use design means you benefit from both residential and commercial tenants, ensuring a diverse and steady income stream.

Location

State IL

County Cook

Area Chi - South Lawndale

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Mixed Use

Structure Type Brick

Listed by Tatiana Perry of Berkshire Hathaway HomeServices Chicago

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+1(815) 685-5090

saralattayoung@gmail.com

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2524 S California AVE Chicago, IL 60608