6835 West Higgins Avenue, Chicago, IL

$525,000

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About 6835 West Higgins Avenue

This fully occupied office building is offered at a very competitive cap rate based upon rents that are well below market. You can buy this building and leave everything exactly as is (the seller currently occupies a significant portion of the build and is willing to keep all of their space, or keep a portion of their space or vacate completely) OR you can bring the rents up to full market and watch your building value explode. If you merely bring the rents up to 90% of market, you'll add over $200k to the value of the building. If that's not enough of a value add opportunity, the current zoning allows residential above ground floor retail/office and the building has flexicore ceilings, so there's the possibility of adding residential units above. The location supports strong demand for retail, office and residential. Higgins has a great traffic count and high visibility and I90, the Blue Line, CTA buses, multiple Metra stops and O'Hare are all just minutes away. Ask your agent for the financial information in the flyer available to download.

Features of 6835 West Higgins Avenue

MLS® # 11077752
Price $525,000
Bathrooms 0.00
Acres 0.00
Year Built 1958
Type Commercial Sale
Sub-Type Office/Tech
Status Active

Community Information

Address 6835 West Higgins Avenue
Area CHI - Norwood Park
City Chicago
County Cook
State IL
Zip Code 60656

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
Has Basement No

Exterior

Exterior Brick
Roof Composition, Membrane
Foundation Concrete Perimeter

Additional Information

Days on Market 1138
Zoning COMMR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKeller Williams Success Realty

Listing Map

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