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$ 779,000
Est. payment | /mo
4,600 SqFt
$ 779,000
Est. payment | /mo
4,600 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,600 sqft
Price per Sqft $169
MLS Listing ID 12374446
Year Built 1915
Annual Tax Amount $6,502
Tax Year 2023
Lot Dimensions 25X125
Property Sub-Type Mixed Use
Property Description
A Beautiful, upkept, red brick building on the corner of Fullerton and Lowell featuring 4 legal units, commercial office, coin-op laundry facilities, massive storage area (perfect for workshop), and parking! This rare mixed-unit beauty is fully rented, fully operational, and self-maintaining with a long-term, carpenter-tenant in-house! This turnkey mixed-use property in vibrant Hermosa Village delivers exceptional investment value with stable, high-yield income. Recent upgrades include a newer roof and tuckpointing completed in 2021 (Full tear-off), new hot water tanks, and beautiful original wood flooring throughout. With strong cash flow, a competitive cap rate, and excellent returns, this property is a rare opportunity for savvy investors. (Rental increases on two units begin on 9/1/2025 adding an additional $325 dollars a month! See brokers comments for additional savings on utilities!)
Location
State IL
County Cook
Area Chi - Hermosa
Zoning COMMR
Interior
Cooling Office Only
Flooring Wood
Fireplace N
Exterior
Roof Type Rubber
Building
Dwelling Type Mixed Use
Level or Stories 2
Structure Type Brick
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Listed by Anthony Adreani • Adreani Realty Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "