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3000 S Archer Avenue, Chicago, IL

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3000 S Archer Avenue

Chicago, IL 60608-5572 - South Chicago Submarket

Property Type:Retail Sub Type:Storefront Retail/Residential Status:Existing , Renov 2008 Year Built:1882
Building Size:8,640 SF Land Area:.08 AC (3,615 SF)
For Sale Price:$1,249,000 Price/SF:$144.56
Cap Rate:-
Parking:Free Surface spaces are available; Ratio of .57/1,000 SF
Features:Signage, Signalized Intersection

Sale Notes:
Entire Mixed Use Building was Gut Rehabbed from top to bottom. Current use is a 3000 Square Foot Commercial Space and 4 condo ready Loft Units. Building total square footage is 8640 SQ FT plus a huge basement with a 7 foot ceiling. Each unit is approximately 1400 SQ FT with soaring 12 foot ceilings, 9 foot windows, exposed brick and timber. Hardwood floors throughout. In unit Laundry in each unit. Gross Income is over $110,000 with potential to increase rents. Perfect for a work live space/Artist Loft or keep as an investment. Building is perfect for condos! 3 outdoor parking spaces. Units have Gas forced heat and air. Great location walk to Orange Line or CTA. Just minutes from Chicago's Downtown/Lakefront/Museum Campus ect... Owners unit rent estimated at $2,000/month. Potential for additional income w/ signage on building.

Century 21 Kmiecik Realtors
Bill Erdman
(773) 847-5100 x2410

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