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3327 S Archer Avenue

Chicago, IL 60608
  • $700,000
  • STATUS: Active
  • ON SITE: 34 Days
  • MLS #: 11262624
UPDATED: 54 min ago
$700,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1892
County:

School Ratings & Info

Description

Amazing opportunity for developer or investor in prime McKinley Park location! Partially rehabbed brick & frame corner mixed use building with 5 apartments, approximately 1100 sf storefront with 12-foot ceilings that used to be a bar, 2.5 car brick/block garage & additional side lot. Rear building has been completely remodeled with newer siding & two 2 Bed/1 Bath units with central air, new white kitchens featuring quartz countertops & SS appliances, new laminate flooring & newly remodeled bathrooms. 2nd floor rear unit has access to large roof deck. Both rear units are currently rented with signed leases. Front building contains storefront with two separate bathrooms and a 2 bed/1 bath apartment on the 1st floor. 2nd floor has two 1 Bed/1 Bath apartments. Entire front building is vacant & needs rehab. Neither seller nor broker represent the legality of the 2nd floor front unit. The 2nd floor was divided into two units by a prior owner. 2020 property taxes were $0 due to homeowner, senior and disabled veteran's exemptions. 2020 taxes before exemptions were $8,129. Correct address is 3327-29 S Archer (Front building) and 1857 W 33rd Place (Rear building). Great location with easy access to downtown, I-55, Archer bus stop, CTA Orange line, Target, Starbucks, shopping & restaurants!

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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 2021-12-09T08:59:23.687 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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3327 S Archer Avenue Chicago, IL 60608

  • Price: $700,000
  • Status: Active
  • On Site: 34 Days
  • Updated: 54 min ago
  • MLS #: 11262624
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1892
Built
Neighborhood:
Chi - Mckinley Park
County:
Cook
Area:
Chi - Mckinley Park
Property Description
Amazing opportunity for developer or investor in prime McKinley Park location! Partially rehabbed brick & frame corner mixed use building with 5 apartments, approximately 1100 sf storefront with 12-foot ceilings that used to be a bar, 2.5 car brick/block garage & additional side lot. Rear building has been completely remodeled with newer siding & two 2 Bed/1 Bath units with central air, new white kitchens featuring quartz countertops & SS appliances, new laminate flooring & newly remodeled bathrooms. 2nd floor rear unit has access to large roof deck. Both rear units are currently rented with signed leases. Front building contains storefront with two separate bathrooms and a 2 bed/1 bath apartment on the 1st floor. 2nd floor has two 1 Bed/1 Bath apartments. Entire front building is vacant & needs rehab. Neither seller nor broker represent the legality of the 2nd floor front unit. The 2nd floor was divided into two units by a prior owner. 2020 property taxes were $0 due to homeowner, senior and disabled veteran's exemptions. 2020 taxes before exemptions were $8,129. Correct address is 3327-29 S Archer (Front building) and 1857 W 33rd Place (Rear building). Great location with easy access to downtown, I-55, Archer bus stop, CTA Orange line, Target, Starbucks, shopping & restaurants!
Exterior Features

Exterior Building Type Vinyl SidingBrick Frontage Type City Street Parking Total 2 Roof FiberglassReflective CoatingRubber Roof Structure FlatPitched

Interior Features

Cooling Central AirWindow Unit(S) Heat Ventilation Forced AirGasHot WaterWall Unit Number Of Dishwashers 0 Number Of Dryers 1 Number Of Ranges 2 Number Of Washers 1

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 7644 Built Before1978 YN Yes Electric Circuit Breakers Fire Protection Smoke Or Fire Protectors Geographic Locale Chicago SouthChicago Southwest Gross Income 35040 Gross Scheduled Income 34050 Insurance Expense 0 Location CornerMixed Use AreaPublic Transport Avail Net Operating Income 0 Number Of Tenants 2 Operating Expense 8129 Ownership Types Limited Liability Corp Possible Use CommercialOffice And ResearchMulti-FamilyRetailOther Property Sub Type Apts/Stores Rental Price 0 Seller Needs Cash Tax Annual Amount 8129 Tax Year 2020 Tenant Pays Air ConditioningElectricityHeat Total Monthly Income 2920 Township South Chicago Type Mixed Use Utilities Sanitary SewerSewer-Storm AvailableWater To Site Zoning Commr

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Keller Williams Preferred 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 2021-12-09T08:59:23.687 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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