15 South Racine Avenue 1n, Chicago, IL

$400,000

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About 15 South Racine Avenue 1n

ZERO LANDLORD RESPONSIBILITY AND 0% SELLER FINANCED OPPORTUNITY IN ULTRA PRIME WEST LOOP. JUST SOUTH OF MADISON/RACINE STOPLIGHT INTERSECTION. 6.72% CAP W/22.2% LEVERED ANNUAL RETURN DURING 0% SELLER FINANCING PERIOD. ***$400K PURCHASE PRICE, $100K DOWN, $300K SELLER FINANCED FOR 0% FOR 30 MONTHS***NOI OF $24,016. AT THE END OF 30 MONTHS, BALANCE WOULD BE ROUGHLY $244,500 & SELLER WILL CONTINUE TO CARRY FINANCING AT 6% BEYOND THE 30 MONTH PERIOD. SELLER WILL CONTINUE TO MANAGE, ERGO ZERO LANDLORD RESPONSIBILITY. REAL ESTATE OFFICE HAS OCCUPIED THE SPACE FOR 11+ YEARS. OTHER SPACES AVAILABLE WITH SIMILAR TERMS IN WEST LOOP, WICKER PARK & LAKEVIEW. TENANT PAYS ALL UTILITIES AND THEY ARE SEPARATELY METERED FOR THE SPACE.

Features of 15 South Racine Avenue 1n

MLS® # 11348085
Price $400,000
Bathrooms 0.00
Acres 0.00
Year Built 2009
Type Commercial Sale
Sub-Type Retail/Stores
Status Active

Community Information

Address 15 South Racine Avenue 1n
Area CHI - Near West Side
City Chicago
County Cook
State IL
Zip Code 60607

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
Has Basement No

Additional Information

Days on Market 446
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeQuest Realty Group LLC

Listing Map

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