1012 South Western Avenue, Chicago, IL

$1,200,000

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About 1012 South Western Avenue

First time for sale in 47 years High exposure Taylor/Western T-intersection. Double storefront with 4 residential units and 2 oversized 2-car garages with very high ceilings. Located in the UIC West Campus "Tri-Taylor" neighborhood. Roosevelt Rd is directly south and I-290 is directly north. The Illinois Medical District and the 4 main hospitals i.e. Rush, UIC, Cook County and West Side VA are walking distance directly east. Perfect opportunity for an armchair investor or and owner/operator. Rapidly developing neighborhood with new construction popping up everywhere The storefronts are newly remodeled as well as one of the four residential units. The other 3 have long term tenants at below market rents. Gross income reflects assumed market rent for storefronts. We have left them empty for the moment for an owner/operator, but can also rent out, for a straight investor. Gross income of $8500/mo is roughly still $1500+ under market rent and this building should easily generate $10,000+/mo in rents. There is also a standing height double basement for storage or other use. Full occupancy at all times. This is truly a one time, once in a generation purchase opportunity

Features of 1012 South Western Avenue

MLS® # 12436814
Price $1,200,000
Bathrooms 0.00
Acres 0.00
Year Built 1881
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 1012 South Western Avenue
Area CHI - Near West Side
City Chicago
County Cook
State IL
Zip Code 60612

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
Has Basement No

Additional Information

Days on Market 78
Zoning COMMR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeArt of Real Estate LLC
Contact Info312-952-2894

Listing Map

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