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$1,500,000
Est. payment /mo
10,150 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 10,150 sqft
Price per Sqft $147
MLS Listing ID 12390371
Year Built 1920
Annual Tax Amount $19,804
Tax Year 2023
Lot Dimensions 83X
Property Sub-Type Mixed Use
Property Description
Amazing investment opportunity in Albany Park! Own a three-story apartment building with 83' of commercial frontage along Lawrence Avenue. The building includes 5 storefronts, 8 studios, and 2 two-bedroom apartments. The property includes a large fenced lot for parking in the rear for approx. 16 vehicles. Currently there are 2 vacant studios and 2 vacant storefronts. Add value through leasing of vacant units, unit renovations & rent increases. Each unit has individual furnaces. This corner property is located half a mile from the Kimball Station CTA Brown Line (6-minute walk). The immediate area is lined with long term established neighborhood restaurants including Chicago Kalbi, Cardona's Restaurant, Peking Mandarin Restaurant, Great Sea Restaurant, Nighthawk, Kabobi Persian, Lawrence Fish Market, and Noon o Kabob Chicago.
Location
State IL
County Cook
Area Chi - Albany Park
Interior
Cooling Central Individual
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 3
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Listed by Adam Schneiderman • Strauss Realty Ltd