7259 West Irving Park Road, Chicago, IL

$499,900

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About 7259 West Irving Park Road

Business is NOT included in the offering. Current tenant has a lease through December 31, 2030 with a FIVE year option. Strictly property investment only unless purchaser can negotiate with the tenant to end lease. Seller will NOT entertain any offers subject to possession nor negotiating with tenant. PLEASE DO NOT DISTURB TENANT AT ALL. Any personal/business property is not included with the sale. Current rent is $5600 with gradual increases to $5800 in 2030. and increases during option period. Currently $67,200 gross rent less taxes and insurance approximately $48,000. net income or 9.6% return cash on cash. Owner claims tenant is solid and has not been delinquent on rent payments. Future development right across the street from Harlem/Iring shopping plaza. Again - PLEASE DO NOT DISTURB TENANT. Drive by showing only at this time. Survey in additional info. Any questions regarding this listing please contact Norbert Mika - Text or email preferred.

Features of 7259 West Irving Park Road

MLS® # 12292141
Price $499,900
Bathrooms 0.00
Acres 0.00
Type Business Opportunity
Sub-Type Bus / Bus w/Real Est
Status Active

Community Information

Address 7259 West Irving Park Road
Area CHI - Dunning
City Chicago
County Cook
State IL
Zip Code 60634

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Exhaust Fan, Window Unit(s)
Fireplace No
Has Basement No

Exterior

Exterior Brick, Concrete
Roof Rubber

Additional Information

Days on Market 240
Zoning COMMR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCompass
Contact Info312-319-1168

Listing Map

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