1-15 N Keeler Avenue
Chicago, IL 60624

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Description

Outstanding, turnkey, previously fully rehabbed, Garfield Park 24-unit mixed use building in prime location with 12.3% cap rate on 50x175 foot corner lot with B3-2 zoning. Building consists of 5 studios, 5 one-bedrooms, 8 two-bedroom apartments & 6 retail spaces (Grocery store accounts for three of the commercial units). Retail spaces have central air. All apartments have been remodeled with modern bathrooms & kitchens with refrigerators, ranges and microwave ovens. Hardwood floors throughout living area and bedrooms. 1200 Amp electrical service! Boiler and water heater replaced in 2023. Easy street parking. Fantastic location is close to Tilton Elementary School, Garfield Park Conservatory, ponds, gardens, and athletic facilities, Pulaski CTA Green & Blue Line stops, and 290 Expressway. Five miles to Chicago Loop. Cashless laundry on site provides additional income. Located within an opportunity zone. AHSAP 35% reduced tax status approved not yet applied.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60624
• Year Built: 1901
• Stories: 3
• Units: 24 units
• Basement: Unfinished
• Zoning: COMMR
• # Of Dryers: 2
• # Of Ranges: 18
• # Of Refrigs: 18
• # Of Washers: 2
• Approximate Age: Older
• Building Unit Info: No Units Furnished
• Built Before 1978 (Y/N): Yes
• Cap Rate: 12.3
• Construction Materials: Brick
• Cooling: Central Air
• Directions: Madison west of Pulaski. Northeast corner of Madison and Keeler.
• Electric: Circuit Breakers, Over 600 Amps
• Electric Expense: 3744
• Electric Expense Source: Actual
• Expense Year: 2025
• Fuel Expense: 11674
• Fuel Expense Source: Actual
• Gross Income: 360588
• Gross Rent Multiplier: 5.41
• Gross Scheduled Income: 362369
• Heat/Ventilation: Gas, Hot Water
• Information: 48-Hr Notice Required
• Insurance Expense: 16855
• Insurance Expense Source: Actual
• Location: Central Business District
• Lot Size Source: County Records
• Lot Size Square Feet: 8750
• Main Type: Commercial Sale
• Maintenance Expense: 18082
• Manager Expense: 15400
• Manager Expense Source: AC
• Misc Inside: Laundry Room
• Operating Expense: 121922
• Other Expense: 11520
• Other Expense Source: Actual
• Ownership Type: Limited Liability Corp
• Repairs-Decor Expense Source: Actual
• Sewer: Storm Sewer
• Tax Annual Amount: 32973
• Tax Year: 2024
• Tenant Pays: Electricity
• Total Annual Expense Source: Actual
• Total Monthly Income: 30049
• Township: West Chicago
• Trash Expense: 4040
• Trash Expense Source: Actual
• Type Multi-Family: Flats
• Water Expense Source: Actual
• Water Sewer Expense: 7633
• Water Source: Municipal Water