1,628 sq ft
Commercial: Mixed Use - MLS# 12585115
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Description
Perfectly positioned in a residential neighborhood, use as an apartment upstairs with a business below, or, transform the current commercial space in to residential. Flexible building perfect for investment or personal use. Current use is a condo rental upstairs, hair salon and office (with separate hallway entrance) on first floor. Renters are on a month-to-month, both are long time tenants. Salon pays their electric. Residential unit pays no utilities. Washer/dryer connection in building. Fenced backyard, perfect for entertaining or gardening, with decorative metal fencing at front of building on each side. Detached, oversized garage with extra storage/workshop, in need of cosmetic work. Electric service panel replaced 2025. Roof seal coat in 2018. Ample street parking. Deck 2 years old. Gas cooking in apartment. 1 heater for the building. 1 gas meter to building. Slab foundation, no basement. Salon has 3 plumbing outlets but only 1 is presently being used. Grant money available on this property call Rick S at BMO Mortgage for more details. This property IS located inside an Opportunity Zone, see attached picture.
Features
- Property Type: Commercial
- Sub Type: Mixed Use
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60619
- Year Built: 1955
- Sq.Ft.: 1,628 sq ft
- Stories: 2
- Units: 3 units
- Zoning: COMMR
- # Of Apts: 1
- # Of Offices: 1
- # Of Ranges: 1
- # Of Refrigs: 1
- # Of Stores: 1
- # Of Tenants: 2
- # Of Window/Ac: 1
- Approximate Age: Older
- Building Area Total: 1628
- Built Before 1978 (Y/N): Yes
- Construction Materials: Brick
- Cooling: Central Air, Window Unit(s)
- Directions: 79TH ST TO MARYLAND, N TO ADDRESS, MARYLAND E OF COTTAGE
- Electric: Circuit Breakers
- Electric Expense: 150
- Electric Expense Source: Owner Projection
- Flooring: Tile, Wood
- Fuel Expense: 200
- Fuel Expense Source: Owner Projection
- Geographic Locale: Chicago South
- Gross Income: 18708
- Gross Rent Multiplier: 12.1
- Gross Scheduled Income: 18708
- Heat/Ventilation: Forced Air
- Indoor Parking: Detached
- Information: List Broker Must Accompany
- Insurance Expense: 173
- Insurance Expense Source: Owner Projection
- Lot Size Square Feet: 3125
- Main Type: Commercial Sale
- Office SqFt: 154
- Original Rental Price: 11.67
- Property Sub Type: Mixed Use
- Rental Price: 11.67
- Retail SqFt: 204
- Tax Annual Amount: 1567
- Tax Year: 2024
- Total Monthly Income: 1559
- Trash Expense Source: Owner Projection
- Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Available
- Virtual Tour Date: 2026-03-06T02:47:32
- Water Expense Source: Owner Projection
- Water Sewer Expense: 75
- Water Source: Municipal Water
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