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Listed by Charles Groebeof Coldwell Banker Realty
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Est. payment /mo
3,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
MLS Listing ID 12708859
Year Built 1968
Annual Tax Amount $13,732
Tax Year 2024
Lot Dimensions 150x120
Property Sub-Type Retail/Stores
Property Description
IMMEDIATE CASH FLOW ON DAY 1 FROM THIS INCOME-PRODUCING ARM-CHAIR INVESTMENT EASY MONEY MAKING BUILDING. FULLY LEASED, INCOME-PRODUCING 3-UNIT COMMERCIAL STRIP CENTER IN MOUNT GREENWOOD! THIS PROPERTY DELIVERS STEADY CASH FLOW FROM ESTABLISHED, LONG-TERM BUSINESS TENANTS AND BENEFITS FROM EXCELLENT VISIBILITY AND STRONG LOCAL COMMERCIAL DEMAND. PARKING IS AVAILABLE ALONG THE EAST AND WEST SIDES AND ON 111TH STREET. TWO UNITS HAVE BEEN RECENTLY UPGRADED; THE THIRD HOUSES A CONTEMPORARY HAIR SALON AND A LONGTIME INSURANCE OFFICE TENANT (WITH ITS OWN A/C SYSTEM). ALL TENANTS ARE SUCCESSFUL, STABLE OPERATORS. KEY RECENT CAPITAL IMPROVEMENTS INCLUDE A ROOF REPLACED TWO YEARS AGO AND THREE OF THE FOUR SLEEVE A/C UNITS WERE INSTALLED IN 2024-2025 (INCLUDED). MONTHLY ASSOCIATION ASSESSMENT IS $815 AND COVERS EXTERIOR MAINTENANCE (ROOF, GUTTERS, BRICK, LANDSCAPING, AND SNOW REMOVAL), COMMON-AREA INTERIOR PLUMBING AND BOILER, AND HOT-WATER HEATER. ALL HOT-WATER TANKS WERE REPLACED APPROXIMATELY THREE YEARS AGO. THE MEDICAL SUITE INCLUDES THE 11101 S. ST. LOUIS ADDRESS AND FACES WEST. EVERY UNIT FEATURES A DOUBLE ENTRANCE AND IS DIVISIBLE, OFFERING FLEXIBILITY FOR FUTURE RECONFIGURATION. CALL TODAY FOR FINANCIALS AND TO SCHEDULE A TOUR OF THIS FULLY LEASED INCOME PRODUCER IN ONE OF CHICAGO'S MOST ACTIVE NEIGHBORHOOD COMMERCIAL CORRIDORS.
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Wall Sleeve
Flooring Carpet, Tile, Varies
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected, Water Available
View Y/N true
Roof Type Membrane
Building
Foundation Concrete Perimeter
Structure Type Brick
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Joanna Lewkowicz
Designated Managing Broker | Owner 471.018027471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com