See all 27 photos
27 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,195,000
Est. payment /mo
5,600 SqFt
UPDATED:
11/27/2024 06:06 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,600 sqft
Price per Sqft $213
MLS Listing ID 12214986
Year Built 1950
Annual Tax Amount $20,959
Tax Year 2023
Lot Dimensions 105 X 47
Property Description
This one-of-a-kind investment opportunity is located in the heart of Elmwood Park's bustling downtown. The property is a mixed-use building with 100 percent occupancy that offers incredible potential for investors. Upstairs, there are two fully rehabbed residential units, each featuring 2 BED/ 1 BATH with in-unit washer/dryer. Both units are fully occupied, with tenants responsible for their own gas and electricity, ensuring consistent and reliable rental income. The downstairs commercial storefront is currently utilized as a cafe and gaming room, providing a dynamic and popular space for the community. The commercial tenant is responsible for water, gas, electricity, and repairs. Tenant is open to extending their lease for an additional 5 to 10 years, offering a secure and stable long-term investment opportunity. Additionally, there is an extra commercial space that is currently leasing as a banquet facility or venue, complete with its own separate PIN number, address and entrance. The basement provides ample storage space, adding further convenience and functionality to the property. The building also features an outdoor courtyard and parking, which make it ideal for hosting events such as private parties or other gatherings. These features add further value and versatility to the space. The landlord is responsible for paying property taxes, while the current setup minimizes other maintenance responsibilities, creating a low-effort yet profitable investment opportunity. With its prime location, multiple revenue streams, and endless potential, this building is truly a gem. Don't miss your chance to own this remarkable property and take advantage of its many possibilities.
Location
State IL
County Cook
Area Elmwood Park
Zoning RTAIL
Interior
Cooling Central Air, Central Individual
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 2
Structure Type Brick,Concrete,Block
Read Less Info
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Svitlana Creadon • Compass
MORTGAGE CALCULATOR
Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.
Get more info from a local expert!
By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.
GET MORE INFORMATION
QUICK SEARCH
- Homes For Sale in Madison, WI
- Homes For Sale in Verona, WI
- Homes for Sale in Fitchburg, WI
- Homes For Sale in Middleton, WI
- Homes For Sale in Stoughton, WI
- Homes For Sale in Sun Prairie, WI
- Homes for Sale in Oregon, WI
- Homes for Sale in McFarland
- Homes For Sale in Belleville, WI
- Homes For Sale in Janesville, WI
- Mount Horeb