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2745 N Harlem Avenue

Chicago, IL 60707
  • $595,000
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: 11273798
UPDATED: 16 min ago
$595,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1967
County:

School Ratings & Info

Description

Fully leased strip mall with a 7% cap rate on Harlem Ave. in Chicago's Northwest side. High traffic location with 23,000 vehicles passing by per day. The building is zoned B3-1 which allows for residential to be built on the second floor for mixed use. The building has very low operating cost with the tenants handling the majority of cost and exterior maintenance. The building sits on 3 city lots and has over 20 parking spaces and alley access. The building has 2 units with an estimated 3,300 of leasable space with the larger unit being a long term tenant. The smaller space was just leased to a new tenant and undertaking a full remodel.

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© 2021 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 Realty. Based on information submitted to the MRED as of 2021-12-06T13:01:19.277 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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2745 N Harlem Avenue Chicago, IL 60707

  • Price: $595,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 16 min ago
  • MLS #: 11273798
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1967
Built
Neighborhood:
Chi - Montclare
County:
Cook
Area:
Chi - Montclare
Property Description
Fully leased strip mall with a 7% cap rate on Harlem Ave. in Chicago's Northwest side. High traffic location with 23,000 vehicles passing by per day. The building is zoned B3-1 which allows for residential to be built on the second floor for mixed use. The building has very low operating cost with the tenants handling the majority of cost and exterior maintenance. The building sits on 3 city lots and has over 20 parking spaces and alley access. The building has 2 units with an estimated 3,300 of leasable space with the larger unit being a long term tenant. The smaller space was just leased to a new tenant and undertaking a full remodel.
Exterior Features

Exterior Building Type Block Foundation Details Concrete Perimeter Frontage Type City StreetAlley Access Outdoor Parking 1-5 Spaces6-12 Spaces13-18 Spaces19-30 Spaces Parking Total 20 Roof Rubber Roof Structure Flat

Interior Features

Cooling Central Air Flooring CarpetConcrete Heat Ventilation Forced Air Number Of TLDocks 0

Property Features

Additional Parcels YN Yes Building Area Total 3300 Current Use Commercial Electric Circuit Breakers Fire Protection Alarm MonitoredAlarm On SiteHydrants On Site Gross Income 64500 Gross Scheduled Income 64500 Insurance Expense 2400 Leasable Area 3300 Location Central Business District Net Operating Income 41130 Number Of Tenants 2 Operating Expense 23370 Property Offered For Sale Only Tax Annual Amount 17470 Tax Year 2020 Tenant Pays Air ConditioningElectricityHeatScavengerSewer Total Monthly Income 5375 Township Jefferson Type Retail/Stores Zoning Commr

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Interdome Realty.


© 2021 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 Realty. Based on information submitted to the MRED as of 2021-12-06T13:01:19.277 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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Bloomington IL, 61704