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Sara Latta-Young

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

$ 499,000

Est. payment | -/mo

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$ 499,000

Est. payment | -/mo

Save

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12787441

Year Built 1929

Annual Tax Amount $4,807

Tax Year 2024

Lot Dimensions 33 X 124

Property Sub-Type Mixed Use

Property Description

Finding any storefront space on such a busy corner of Belmont Cragin is rare, but one with 33 feet of frontage elevates this property to unicorn status. In a neighborhood where rents climbed 15% last year, steps from Austin and Diversey, two CTA bus lines at the door and roughly 13,000 vehicles passing daily - sitting above three apartments with unlimited potential. Exceptional short and long-term upside for the investor running the value-add play or taking the flip. Particularly well-suited for the business owner ready to put their operation in the storefront and let the rents carry the mortgage - a live/work setup that rarely comes together this cleanly. Ground-floor storefront with full unfinished basement for additional storage or expansion that really benefits from the additional window space afforded by the extra frontage. Up one flight, a 3 bed/1 bath. The second floor has a 2 bed/1 bath and a 1 bed/1 bath. All the apartments are rented below market rates, providing an immediate opportunity plus tons of value-add potential through rehab. In back, that extra width shows up again, and this time it's felt through the additional yard space afforded even with a 2-car garage on-site. Full brick exterior with good bones and unlimited potential. Ground-floor storefront with full unfinished basement for additional storage or expansion that really benefits from the additional window space afforded by the extra frontage. Up one flight, a 3 bed/1 bath. The second floor has a 2 bed/1 bath and a 1 bed/1 bath. All the apartments are rented below market rates, providing an immediate opportunity plus tons of value-add potential through rehab. In back, that extra width shows up again, and this time it's felt through the additional yard space afforded even with a 2-car garage on-site. Full brick exterior with good bones and unlimited potential.

Location

State IL

County Cook

Area Chi - Belmont Cragin

Zoning OTHER

Interior

Cooling Window Unit(s)

Fireplace N

Building

Dwelling Type Mixed Use

Listed by Scott Newman of SERHANT.

NEARBY PROPERTIES

+1(815) 685-5090

saralattayoung@gmail.com

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2709 N Austin AVE Chicago, IL 60639