7259 W Irving Park Rd - Service FOR SALE


Chicago, IL 60634- Belmont Heights
$499,900 USD
773-406-7116
7259 W Irving Park Rd, Chicago, IL for Sale
$499,900 USD
Service - FOR SALE
1/2
null | 9.6% Cap Rate

7259 W Irving Park Rd
Chicago, IL 60634
Belmont Heights


OVERVIEW

Business is NOT included in the offering. Current tenant has a lease through December 31, 2030 with a FIVE year option. Strictly property investment only unless purchaser can negotiate with the tenant to end lease. Seller will NOT entertain any offers subject to possession nor negotiating with tenant. PLEASE DO NOT DISTURB TENANT AT ALL. Any personal/business property is not included with the sale. Current rent is $5600 with gradual increases to $5800 in 2030. and increases during option period. Currently $67,200 gross rent less taxes and insurance approximately $48,000. net income or 9.6% return cash on cash. Owner claims tenant is solid and has not been delinquent on rent payments. Future development right across the street from Harlem/Iring shopping plaza. Again - PLEASE DO NOT DISTURB TENANT. Drive by showing only at this time. Survey in additional info. Any questions regarding this listing please contact Norbert Mika - Text or email preferred.

FOR SALE DETAILS

PRICE

$499,900 USD

PRICE/SF

$167 USD /SF

CAP RATE

9.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

5

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.24

LAND SF

10,266

ZONING

B3-1

APN/PARCEL ID

12-24-207-001-0000

ASK ABOUT THIS PROPERTY

Norbert MikaCompassMore Info
773-406-7116

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Norbert MikaCompassMore Info
773-406-7116

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