1012 S Western Avenue, Chicago, IL 60612

• 6,678 sqft

Property Description

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

Listing Status:

Active

Listing Office:

Art of Real Estate LLC : 312-952-2894

Listing Agent:

Michael Ramstedt : 312-952-2894

MLS ID:

12436814

Interior

• A/C: Central Air

Location

• Road/Access: City Street
• Originating MLS: mred
• County: Cook

Lot

• Zoning: COMMR16134240450000

Utilities

• Utilities: Circuit BreakersService - 101 to 200 Amps

Financial

• Source: mred

This listing courtesy of Michael Ramstedt, Art of Real Estate LLC