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817 W 59th Street

Chicago, IL 60621
  • $289,500
  • STATUS: Active Under Contract
  • ON SITE: 218 Days
  • MLS #: 11776539
Under Contract
UPDATED: 168 min ago
$289,500
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1883
County:

School Ratings & Info

Description

This newly renovated and remodeled mixed-use building has the potential to generate rental income from both the commercial space and residential units. The fact that the apartments are move in ready and currently unoccupied could be seen as an opportunity to attract new tenants at a higher rental rate than the previous ones. The occupied store front that is collecting rent provides an immediate source of income to the new owner or investor. The property could potentially be packaged with other properties, increasing the potential for rental income and investment return. Overall, this property presents a great opportunity for an investor or new homeowner to generate income from both commercial and residential rental spaces. Ask agent for listing more informaton about portfolio. They could be packaged or purchased individually.

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© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2023-12-09T23:57:36.503 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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817 W 59th Street Chicago, IL 60621

  • Price: $289,500
  • Status: Active Under Contract
  • On Site: 218 Days
  • Updated: 168 min ago
  • MLS #: 11776539
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1883
Built
Neighborhood:
Chi - Englewood
County:
Cook
Area:
Chi - Englewood
Property Description
This newly renovated and remodeled mixed-use building has the potential to generate rental income from both the commercial space and residential units. The fact that the apartments are move in ready and currently unoccupied could be seen as an opportunity to attract new tenants at a higher rental rate than the previous ones. The occupied store front that is collecting rent provides an immediate source of income to the new owner or investor. The property could potentially be packaged with other properties, increasing the potential for rental income and investment return. Overall, this property presents a great opportunity for an investor or new homeowner to generate income from both commercial and residential rental spaces. Ask agent for listing more informaton about portfolio. They could be packaged or purchased individually.
Exterior Features

Parking Total 4

Interior Features

Cooling None Heat Ventilation Forced Air

Property Features

Additional Parcels YN No Approximate Age New Rehab Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Electric Circuit Breakers Fire Protection Fire Extinguisher/SCarbon Monoxide Detector(S) Geographic Locale Chicago South Gross Income 48000 Gross Scheduled Income 48000 Insurance Expense 0 Mls Actual Status Contingent Number Of Tenants 1 Property Sub Type Apts/Stores Rental Price 12 Tax Annual Amount 1708.56 Tax Year 2021 Tenant Pays ElectricityHeat Total Monthly Income 4000 Type Mixed Use

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Baird & Warner: 630-964-1855.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2023-12-09T23:57:36.503 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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