Chicago, IL 60651,5523 W Chicago AVE
Chicago, IL 60651,5523 W Chicago AVE
Chicago, IL 60651,5523 W Chicago AVE
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$204,000
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9,000 SqFt
Price Dropped by $1K

5523 W Chicago AVE Chicago, IL 60651

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Park Place Realty Group LLC

Park Place Realty Group LLC

+1(708) 722-5106

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active

Purchase Type For Sale

Square Footage 9,000 sqft

Price per Sqft $22

MLS Listing ID 12490942

Year Built 1922

Annual Tax Amount $43,090

Tax Year 2023

Lot Dimensions 0.28

Property Sub-Type Retail/Stores

Property Description

7 commercial units Can rent for up to $116,000 per year fully occupied. 5 units are occupied 2 are vacant. Currently bringing in 6700 per month in rent. 2 vacant units need a total rehab 7 store fronts. Rents for up to $9700 per month after rehabbed and fully occupied. Breakdown of each unit below: 1. Rented by Accounting company has been there since 2018. His rent is $1500 2. Event Space rent is $1500 a month. 3. Clothing and Cigar Store $1100 a month rent. 4. Restaurant being rehab right now. Received 6 months FREE rent. His rent will be $1800 per month 5. Event Space VACANT 6. Vacant Space ( NEEDS GUT REHAB ) 7. Storage space being rented by clothing and cigar shops for $800 a month. Property is sold as is. Buyer will have to take over city violations

Location

State IL

County Cook

Area Chi - Austin

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Retail/Stores


Midwest Real Estate Data (MRED) IDX
Listed by Russell Walker of  Home First Realty Inc 

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Park Place Realty Group LLC

Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106

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