4800 S Wood St - Storefront Retail/Residential FOR SALE


Chicago, IL 60609- West Englewood
$375,000 USD
630-379-7464
4800 S Wood St, Chicago, IL for Sale
$375,000 USD
Storefront Retail/Residential - FOR SALE
1/32
null | Request Cap Rate

4800 S Wood St
Chicago, IL 60609
West Englewood


HIGHLIGHTS

  • Great investment opportunity - Rezoning potential
  • Seller financing offered
  • Already $300k+ spend in exterior CapEx

OVERVIEW

Excellent investment opportunity in Back Of The Yards! Currently setup as mixed use with retail space on front portion of lower level plus single residential unit in the rear. Second floor is setup with 3 apartments and walkup finished attic for additional potential living space. Currently zoned RS3 (pure multi family) with potential to rezone for mixed use. Old retail space can be easily divisible into 2 storefronts with successful rezoning - perfect size for a local nail salon, hairdresser, etc. Other option is to convert the old retail space into a large apartment to create a HUGE 4 unit property. Full unfinished basement, plus full finished attic. Nearly $300K worth of work already completed including brand new roof, windows, and tuck pointing. Each floor is approximately 3000 square feet and would allow for a wide variety of floor plans. Take advantage of the full finished attic by creating duplex up apartments. Great location within close proximity to multiple supermarkets, shopping on 47th and Ashland, Davis Park, I-90 Expressway, Western Orange Line just 1 mile away. **Seller financing is available**

FOR SALE DETAILS

PRICE

$375,000 USD

PRICE/SF

$64 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1903

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

RS-3

APN/PARCEL ID

20-07-211-023-0000

ASK ABOUT THIS PROPERTY

Jake FugmaneXp RealtyMore Info
630-379-7464

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jake FugmaneXp RealtyMore Info
630-379-7464

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.