Properties

Features
: Central Air
Address Map
US
IL
Cook
Chicago
60643
103rd
1441
Street
W88° 22' 32.1''
N41° 52' 32''
From Vincennes, head west on 103rd Street, property will be on the left just past Charles St. From Western, head east on 103RD St property will be on the right just before Charles St.
CHI - Beverly
W
Additional Information
: Brick
Circuit Breakers,Separate Meters,Service - 101 to 200 Amps
29246
12
1450000
2
Fitzgerald Real Estate Inc.
Andrew Dorazio
Financial
20973
Listing Information
880959
12762
Active
2025-04-18T15:54:01Z
MRED
2025-04-08T05:05:24Z
Property Description

NEW PRICE! Come check out this ICONIC mixed-use, value-add 12 unit building in Chicago’s incredible East Beverly neighborhood! This all-brick, beautiful building was built in 1904 and contains 6 retail storefronts on the main floor and 6 residential apartments on the 2nd floor. Sitting on busy 103rd street, this property provides retail owners a ton of vehicle and foot traffic to bring in business. Both the apartments and storefronts have been easy to rent quickly with little to no marketing effort. The property sits on a giant lot with a massive garage to the South of the main building. This area provides a ton of opportunity to the new buyer potentially for the addition of more units, storage or covered / enclosed garage space to generate additional revenue. Rents are currently under market with plenty of room for increases with efficient management. The back of the building is also currently used as a small gathering spot for the tenants to relax, play and / or bbq. All tenants have central HVAC for heating and cooling which was upgraded in the early 2000s. Roofs have been resealed in the past 5 years. Over a dozen parking spots in the rear of the building as well. Currently priced at a 7.75 CAP but with better management and getting rents to market this could easily be a 9+ CAP building. This property has unlimited potential and upside with the right plan. Schedule a showing today!

Commercial Sale For Sale

, Chicago, Cook County, Illinois 60643, USA

$1,449,000
Listing ID#11775757
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Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 11775757
Price : $1,449,000
Year Built : 1904
Listing Status : Active
Property Sub Type : Mixed Use
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