1441 W 103rd Street
Chicago, Illinois, 60643, United States
-
ft²
29,246
acres
-
beds
-
baths
Property Provided By
- Andrew Dorazio
- Fitzgerald Real Estate Inc.
- +1 (914) 420-2881
Connect with local buyer agents who are willing to offer commission savings!
Property Information
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!
Directions
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.
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Courtesy of Fitzgerald Real Estate Inc..
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Property Provided By
- Andrew Dorazio
- Fitzgerald Real Estate Inc.
- +1 (914) 420-2881
Connect with local buyer agents who are willing to offer commission savings!
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