1441 West 103rd Street, Chicago, IL

$1,475,000

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About 1441 West 103rd Street

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!

Features of 1441 West 103rd Street

MLS® # 11775757
Price $1,475,000
Bathrooms 0.00
Acres 0.00
Year Built 1904
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 1441 West 103rd Street
Area CHI - Beverly
City Chicago
County Cook
State IL
Zip Code 60643

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
Has Basement No

Additional Information

Days on Market 442
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeFitzgerald Real Estate Inc.

Listing Map

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