Excellent opportunity to own/operate your business in this income generating 3 unit mixed-use building on a double lot (50x109) with 4 car garage parking. 3, 460 sf ground floor commercial space currently used as a print shop with upgraded 240V amp 3 phase electric. Ground floor opens to a side yard with concrete patio. 2 apartments above both 1, 300 sf. 2 bed, 1 bath units. Apartments both have W/D. Newer windows, 3 separate gas meters. Boiler heat for building, commercial with supplemental gas furnace heat and central AC for commercial space, apartments have window A/C units. Unfinished basement. Ground floor print shop is occupied by current owner which is relocating. Projected Gross Rental Income for building (fully rented) = ~$88k yr, Operating expenses = $22k, NOI = $65k. FULLY RENTED IN CURRENT CONDITION, THIS BUILDING SHOULD CAP 9%!! 2 lots with separate PINs, side lot can be developed. C1-2 zoning

Listing Courtesy of MRED as distributed by MLS Grid of Compass 312-319-1168



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Data last updated: 2024-05-06 05:50 PM UTC
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