4231 S Archer Avenue
Chicago, IL 60632

Tools & Resources:

Description

THIS 2 STORY COMMERCIAL PROPERTY IN BRIGHTON PARK IS CURRENTLY OPERATED BY A RESTAURANT ON FIRST FLOOR. 2ND FLOOR COULD BE DIVIDED INTO MULTIPLE OFFICES. CURRENTLY THERE IS A SEAMSTRESS RENTING A SMALL SPACE. THE SCOND FLOOR COULD EASILY HAVE 3 TENANTS. THE PROPERTY IS LOCATED IN THE HEART OF THE BRIGHTON PARK SHOPPING DISTRICT ON ARCHER AVENUE WHICH CURRENTLY HAS A LOT OF UPGRADING/IMPROVEMENTS TO THE NEIGHBORHOOD. PROPERTY BEING SOLD AS IS.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60632
• Year Built: 1922
• Sq.Ft.: 4,400 sq ft
• Stories: 2
• Units: 3 units
• Zoning: COMMR
• # Of Offices: 2
• # Of Stores: 1
• # Of Tenants: 2
• Approximate Age: 36-50 Years
• Building Area Total: 4400
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick, Block
• Directions: TAKE WESTERN AVE SOUTH TO ARCHER, GO WEST TO 4231.
• Electric: Circuit Breakers
• Foundation Details: Block, Concrete Perimeter
• Geographic Locale: Chicago Southwest
• Gross Income: 47700
• Gross Rent Multiplier: 7.9
• Gross Scheduled Income: 65700
• Heat/Ventilation: Forced Air
• Information: 48-Hr Notice Required
• Insurance Expense: 2800
• Lot Size Square Feet: 3400
• Main Type: Commercial Sale
• Original Rental Price: 15
• Outdoor Parking: 1-5 Spaces
• Ownership Type: Individual
• Property Sub Type: Mixed Use
• Rental Price: 15
• Tax Annual Amount: 8431
• Tax Year: 2024
• Total Actual Rent: 5275
• Total Monthly Income: 3975